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Macroeconomics + Economy 2009 Update 9th Edition by Stephen Slavin
Edition 9ISBN: 978-0077354206Macroeconomics + Economy 2009 Update 9th Edition by Stephen Slavin
Edition 9ISBN: 978-0077354206 Exercise 1
Suppose we want to compare this year's GDP with those of previous years. As we go back in time-to 1980, to 1970, to 1960, and to still earlier years-what happens to the validity of these comparisons? Why does this happen?
Explanation
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GDP, or Gross Domestic Product refers to...
Macroeconomics + Economy 2009 Update 9th Edition by Stephen Slavin
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