ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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Comparative Advantage and Absolute Advantage Analysis
The theory of absolute advantage was given by Adam Smith in the year 1776.
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What was real per capita GDP in 1933 measured in 2013 prices? Use the data in the table below to compute your answer. Nominal GDP Population (in (in Billions) Nominal per Price Year Millions) Capita GDP Level 1933 $57 126 $452 100 2013 $16,800 310 $54,194 1,400 Instructions: Round your response to the nearest whole number. %24
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Transcribed Image Text:What was real per capita GDP in 1933 measured in 2013 prices? Use the data in the table below to compute your answer. Nominal GDP Population (in (in Billions) Nominal per Price Year Millions) Capita GDP Level 1933 $57 126 $452 100 2013 $16,800 310 $54,194 1,400 Instructions: Round your response to the nearest whole number. %24
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