Quiz 6 - Session 8: Principles of Economics-T123WSB-4
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, GDP
Question 13
nominal GDP is $500, real GDP is $400, and the GDP deflator is 125.
$15,300.
circular-flow diagram
total income and total expenditure
equal
104.6 and the inflation rate was 4.6%.
Question 11
1,247,368
$37.50 purchases today.
final goods and services
a country
market price
spends $200
market prices
final goods
within a country
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