EC140 Midterm review guide questions with accurate answers (verified)Graded A+
Short term: these often occur as the actual and potential GDP do not meet or align often How to calculate nominal GDP - Answers-Multiply quantity of the year by the corresponding price for that year. How to calculate real GDP - Answers-Multiply quantity of the year by a set base year price for all years How to calculate the GDP deflator? - Answers-Nominal GDP / Real GDP x 100
École, étude et sujet
- Établissement
- EC140
- Cours
- EC140
Infos sur le Document
- Publié le
- 16 octobre 2023
- Nombre de pages
- 2
- Écrit en
- 2023/2024
- Type
- Examen
- Contenu
- Questions et réponses
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