EC1301_-_Lecture_7_-_Slide_No._29_Updated

EC1301_-_Lecture_7_-_Slide_No._29_Updated - Quantity...

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Measuring Real  versus  Nominal GDP Table 5.4: GDP Data For A Simple Economy Growth of Real GDP = ($65,000 - $45,000)/$45,000 = 0.444                                                                                       (44.4%)
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Unformatted text preview: Quantity Produced Price Year Cars Computers Cars Computers Real GDP 2009 4 1 $10,000 $5,000 $45,000 2010 5 3 $10,000 $5,000 $65,000...
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This note was uploaded on 03/19/2012 for the course ARTS EC1301 taught by Professor Forgot during the Fall '08 term at National University of Singapore.

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