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Macroeconomics 9th Edition by David Colander
Edition 9ISBN: 978-0077501860Macroeconomics 9th Edition by David Colander
Edition 9ISBN: 978-0077501860 Exercise 24
Below are nominal GDP and GDP deflators for four years. 
a.Calculate real GDP in each year.
b.Did the percentage change in nominal GDP exceed the percentage change in real GDP in any of the last three years listed
c.In which year did society's welfare increase the most
a.Calculate real GDP in each year.
b.Did the percentage change in nominal GDP exceed the percentage change in real GDP in any of the last three years listed
c.In which year did society's welfare increase the most
Explanation
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Gross domestic production GDP is sum of ...
Macroeconomics 9th Edition by David Colander
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