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The real-nominal principle can be stated as

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6 years ago

The real-nominal principle can be stated as

The real-nominal principle can be stated as
A) only the manufacture of real goods is production.
B) what matters to people is the purchasing power of money or income.
C) only final goods and services should be counted in GDP.
D) production generates income.

Textbook

Survey of Economics: Principles, Applications and Tools

Edition: 6^th

Authors: O'Sullivan, Sheffrin, Perez

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Lightman030

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#1

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