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Suppose the country of altaria only produces one good, pink tutus. last year, nominal gdp was $50,000 and this year it is $200,000. what can we definitively conclude?
a. output in altaria quadrupled
b. the rate of unemployment decreased
c. standard of living in altaria increased
d. all of the above.
e. none of the above.
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Suppose the country of altaria only produces one good, pink tutus. last year, nominal gdp was $50,00...
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