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A) Real GDP for Australia was:
2015/16: $1 660 108 million.2014/15: $1 617 016 million
Calculate the economic growth given that Economic Growth is calculated using the formula:
B) Define Nominal and Real GDP with examples
Question: Explain why the free rider problem makes it difficult for perfectly competitive markets to provide the Pareto efficient level of a public good.
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Read the rules of the game, the overview and the almanac for the Development Game "Settlers of Catan"
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