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    Microeconomics Study Set 2
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    Exam 4: GDP: Measuring Total Production and Income
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    Table 4.16 -Refer to Table 4.16.Consider the Data Shown Above for a Above
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Table 4.16 -Refer to Table 4.16.Consider the Data Shown Above for a Above

Question 65

Question 65

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Table 4.16 Table 4.16   -Refer to Table 4.16.Consider the data shown above for a simple economy.Calculate nominal GDP and real GDP for 2018, using 2016 as the base year.Show your work.
-Refer to Table 4.16.Consider the data shown above for a simple economy.Calculate nominal GDP and real GDP for 2018, using 2016 as the base year.Show your work.

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Nominal GDP for 2016 equals (2...

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