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NYC NYC
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8 years ago
In Libbyland, real GDP increased by 7% and the population increased by 5% in 2006. In 2006, Libbyland experienced:
A) economic growth and an increase in living standards.
B) economic growth, but not an increase in living standards.
C) no economic growth, but an increase in living standards.
D) an economic decline.
Textbook 
Principles of Macroeconomics

Principles of Macroeconomics


Edition: 11th
Authors:
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JesslynJesslyn
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8 years ago
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NYC Author
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#2
8 years ago
Perfect answer, thank you
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