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In 2010, us nominal gdp was estimated to be $14.657 trillion dollars while the real gdp was estimated to be $13.245 trillion. why the difference? what is the significance of the difference between these two measures of gdp? do you expect nominal gdp to be higher than real gdp for most years? explain.
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In 2010, us nominal gdp was estimated to be $14.657 trillion dollars while the real gdp was estimate...
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