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16 October, 20:47

Changes in real GDP reflect Group of answer choices only changes in prices. only changes in the amounts being produced. both changes in prices and changes in the amounts being produced. neither changes in prices nor changes in the amounts being produced.

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  1. 16 October, 20:54
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    Only changes in the amounts being produced is the correct answer to this question.

    Explanation:

    Real GDP is the value of goods and services at base year prices so real GDP changes reflect changes in the amounts produced in the economy.

    Effective gross domestic product (GDP) is an inflation-adjusted indicator representing the cost of the goods and economic resources by a nation in a given year (demonstrated in foundation-year prices) and is often referred to as "current prices," "corrected deflation," or "constant currency" GDP.
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