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Inflation reduces the real value of nominal GDP per capita because: A. real GDP is calculated...

Inflation reduces the real value of nominal GDP per capita because:

A. real GDP is calculated based on goods and services valued at current prices.

B. nominal GDP is calculated based on goods and services valued at current prices.

C. inflation is calculated based on goods and services valued at current prices.

D. real GDP is calculated based on goods and services valued at constant prices.

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