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Macroeconomics 11th Edition by Stephen Slavin
Edition 11ISBN: 978-0077641559Macroeconomics 11th Edition by Stephen Slavin
Edition 11ISBN: 978-0077641559 Exercise 68
Circle the letter that corresponds to the best answer. In 2030 Nigeria had a GDP of $700 billion and depreciation of $100 billion. The price level did not rise in 2031, but its GDP rose to $710 billion and its depreciation rose to $180 billion. Most economists would say that _____.
A) the Nigerian economy did better in 2030
B) the Nigerian economy did better in 2031
C) there is no way of determining which year was better
A) the Nigerian economy did better in 2030
B) the Nigerian economy did better in 2031
C) there is no way of determining which year was better
Explanation
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Verified
NDP allows for depreciation of plant and...
Macroeconomics 11th Edition by Stephen Slavin
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