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Discuss about real verses nominal gross domestic product.
Real verses Nominal Gross Domestic Product:
Real Gross Domestic Product: the value of the concluding goods and services produced computed by using the prices of some base year.
Nominal Gross Domestic Product: Production valued at recent prices.
Real Gross Domestic Product per capita is a measure of average result per person, but is not by itself a suitable policy goal.
Analyze the relationship between the production possibilities curve and the circular flow diagram. Discuss how the change of production possibilities curve affects the circular flo
A government subsidy to the producers of a product: A. reduces product supply. B. increases product demand C. increases product supply. D. reduces product demand.
WHAT IS THE SHAPE OF AGGREGATE SUPPLY CURVE IN COMPLETE KEYNESIAN MODEL
Determine the main target of monetary policy Since 1997 'official' main target of monetary policy has been to 'hit' inflation rate target set by government. Though since the o
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