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Commerce · Q1255

Economics

Graduate and Post Graduate · Commerce · question 1255

Q1255

If the prices increase by 100% over the previous year and GNP is constant, it means that

A.
production is constant
B.
this year the production has halved
Answer
C.
the production has doubled this year
D.
None of the above

Answer: Option B

Solution

Answer: Option B
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