Mariam and Ahmed are discussing current economic data printed in the Times of Oman newspaper. Maria… [Video]

Mariam and Ahmed are discussing current economic data printed in the Times of Oman newspaper. Mariam is quite happy about the fact that Oman #x27;s nominal GDP has increased at a steady rate for the last two years and asserts that this is very good news since it means they are better off than a few years ago. Ahmed warns Mariam about his conclusions and suggests that he has observed a steady increase in many prices during the same period, which might undermine Mariam #x27;s conclusion. Based on this information: Who do you think is right? Explain why. Is it possible that Mariam and Ahmed could be worse off than two years ago?

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