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Author Question: How is real GDP calculated? What will be an ideal response?[br][br][b][color=#165FFA]Question ... (Read 28 times)

Mollykgkg

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on: Jun 29, 2018
How is real GDP calculated?
 
  What will be an ideal response?

Question 2

Which aspects of globalization help to increase growth in the world economy?
 
  What will be an ideal response?


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katkat_flores

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Reply #1 on: Jun 29, 2018
Answer to Question 1

The traditional method of calculating real GDP is to value each year's production using the constant prices of a fixed base year and then sum all the values.

Answer to Question 2

Economic growth relies on the channel through which household savings are made available for capital investment. Aspects of globalization that have made this channel more efficient include (


Mollykgkg

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

marict

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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