Solved: Why could next years real gdp exceed next years nominal gdp, Microeconomics

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Why could next years real gdp exceed next years nominal gdp

Problem

Answer these questions about GDP:

a. Could next year's real GDP exceed next year's nominal GDP?

b. Could real GDP grow at the same time that real GDP per capita falls?

c. Could people's real consumption possibilities expand at the same time that real GDP per capita falls? d. How does changing amounts of leisure complicate comparisons of real well-being over time?

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Microeconomics: Why could next years real gdp exceed next years nominal gdp

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