Twenty-five years a countrys nominal gdp grew

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Q. Assume that over the last twenty-five years a country's nominal GDP grew to three times its former size. In the meantime population grew 50 percent also prices rose 100 percent. Illustrate what occurred to real GDP every person?

Q. Assume that in a closed economy GDP is equal to 11,000, taxes are equal to 1,500, consumption equals 7,500 also government purchases equal 2,000. Illustrate what is national saving?

Q. As globalization continues to open up nations to each other, Elucidate how do you think the power arrangement between nations will be affected by the utilize of soft power"?

Reference no: EM1320403

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