An increase in nominal GDP a. does not necessarily mean either absolute or per capita real economic growth. b. is absolute real economic growth. c. is per capita real economic growth. d. is both per capita and absolute real economic growth.

Respuesta :

Answer:

a. does not necessarily mean either absolute or per capita real economic growth. 

Explanation:

Nominal GDP is made up of real GDP and inflation rate.

An increase in nominal GDP can be as a result of an increase in either real GDP or inflation rate, therefore, an increase in nominal GDP does not necessarily mean either absolute or per capita real economic growth. 

Per capita real GDP = real GDP / population

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