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Why might GDP at current prices increase?

ABecause of increase in price or quantity of goods and services

BOnly because prices rise

COnly because quantity of goods produced increases

DOnly because currency value changes

Answer:

A. Because of increase in price or quantity of goods and services

Read Explanation:

  • GDP at current price (nominal GDP) can rise due to increases either in quantity produced or in prices, so it does not show real economic growth

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