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Question
Comparing two countriesʹ nominal GDP over time is likely to be misleading if one wants to determine whether standards of living are better in one country because
A) the figures must be adjusted for different types of currency.
B) the figures must be adjusted for price changes and population differences.
C) the figures must be adjusted to account for production differences.
D) NDP instead of GDP should be used.
Answer
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Related questions
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