Macroeconomics, Student Value Edition Plus MyLab Economics with Pearson eText -- Access Card Package (7th Edition)
7th Edition
ISBN: 9780134472669
Author: Blanchard
Publisher: PEARSON
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Question
Chapter 2, Problem 4QAP
a)
To determine
The nominal
b)
To determine
The real GDP in the year 2009 and 2010 by using the common prices of the year 2009; add the percentage change in the level of the GDP between both the years.
c)
To determine
The real GDP for the years 2009 and 2010 by keeping the base price of the year 2009 and to further calculate the change in the percentage level of the GDP.
d)
To determine
The reason because of which the two output growth rates constructed at (b) and (c) are different and which one of them is correct.
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Macroeconomics, Student Value Edition Plus MyLab Economics with Pearson eText -- Access Card Package (7th Edition)
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