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Macroeconomics 6th Edition by Robert Hall,Marc Lieberman
Edition 6ISBN: 978-1111822354Macroeconomics 6th Edition by Robert Hall,Marc Lieberman
Edition 6ISBN: 978-1111822354 Exercise 4
Suppose that real GDP had grown by 3 percent each year from 2004 to 2007. Using some of the data in problem 3:
a. What would real GDP have been in 2007?
b. Based on your answer in (a) above, what would output per person have been in 2007?
a. What would real GDP have been in 2007?
b. Based on your answer in (a) above, what would output per person have been in 2007?
Explanation
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(a)The real GDP is the value of all good...
Macroeconomics 6th Edition by Robert Hall,Marc Lieberman
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