What is the rate of growth of the economy if you learned that nominal GDP in 2022 is greater than nominal GDP in 2022? What do you know about changes in the level of output? Would your answer change if you learned that real GDP increased? Explain. Please use the highlights of the attached videos in your answers.
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https://www.youtube.com/watch?v=rGqhTQyY6g4
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https://www.youtube.com/watch?v=lBDT2w5Wl84
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https://www.youtube.com/watch?v=_EKz6zQpmlY
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https://www.youtube.com/watch?v=iLom1WlqwS0
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https://www.youtube.com/watch?v=7GJ0TFd_aw8
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