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The nominal GDP of Italy increased by roughly 1% between 2011 and 2012. Is this information...

The nominal GDP of Italy increased by roughly 1% between 2011 and 2012. Is this information sufficient to conclude that the economy grew in that period of time? Given that the inflation rate was 3%, what can we conclude on the growth of the economy? Did standard of living improve between 2011 and 2012 in Italy?

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nomina UDP of italy increased by 1%. The above statement is not sufficient to concede that The economy grew because nominal a

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