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    Economics Study Set 3
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    Exam 19: GDP: Measuring Total Production and Income
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    Table 19-21 -Refer to Table 19-21. Consider the Following Data for a Following
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Table 19-21 -Refer to Table 19-21. Consider the Following Data for a Following

Question 235

Question 235

Essay

Table 19-21
Table 19-21    -Refer to Table 19-21. 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 19-21. 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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