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EC140 Midterm review guide questions with accurate answers (verified)Graded A+
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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
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ec140 midterm review guide questions with accurate
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cyclical unemployement due to economy
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what is the formula to calculate employment rate
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