Real GDP is the value of nominal GDP measured in base year prices.
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Q173: One definition of equilibrium income is the
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Q175: Which of the following transactions is considered
Q176: Residential construction is not part of investment.
Q177: Describe in your own words the difference
Q179: Distinguish between savings and investment.
Q180: At equilibrium,aggregate expenditures and income are equal.
Q181: Given the following data: Q182: Explain how GDP can be understated. Q183: Distinguish between personal income and disposable income.
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