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QUESTION
Assume that a painter produces 20 paintings this year and 20 paintings next year. what is the annual change in nominal gdp if the price of paintings rises from $1,000 this year to $1,500 next year
Assume that a painter produces 20 paintings this year and 20 paintings next year. what is the annual change in nominal gdp if the price of paintings rises from $1,000 this year to $1,500 next year
