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Unformatted text preview: plus ii. Investment (I) plus iii. Government spending (G) plus iv. Exports (X) minus v. Imports (IM) 3. Thought Experiment: Can GDP ever be negative? 4. Thought Experiment #2: How is it possible for some countries to have exports in excess of their total GDPs? 5. Problem: Does the percent change in GDP measure economic growth? B. Economic Growth and GDP 1. Nominal GDP: measured in current dollars 2. Real GDP: measured in constant dollars III: NEXT TIME A. Continue Chapter 5: “Measuring Economic Activity…”...
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This note was uploaded on 04/09/2008 for the course ECON 2000 taught by Professor Roussell during the Spring '06 term at LSU.
- Spring '06
- Gross Domestic Product (GDP)