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    Macroeconomics Study Set 25
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    Exam 8: GDP: Measuring Total Production and Income
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    Table 8-21 -Refer to Table 8-21.Consider the Following Data for a Simple
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Table 8-21 -Refer to Table 8-21.Consider the Following Data for a Simple

Question 193

Question 193

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Table 8-21
Table 8-21    -Refer to Table 8-21.Consider the following data for a simple economy: Calculate nominal GDP and real GDP for 2013,using 2011 as the base year.Show your work.
-Refer to Table 8-21.Consider the following data for a simple economy: Calculate nominal GDP and real GDP for 2013,using 2011 as the base year.Show your work.

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Nominal GDP for 2013 equals (2...

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