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Q. Define do you mean by GDP growth?
By (nominal) GDP-growth we mean the percentage change in (nominal) GDP over a specific period of time. Real GDP growth is defined as percentage change in real GDP. Real growth tells us how much the economy has grown during a specific period when effect of inflation is removed.
Elplain the casual factors of the traditional business cycle and its effects on sectors of the economy
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The formula for calculating static and dynamic multiplier
what goals and policies are being discused to address the crowding out effect?
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