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Author Question: Refer to Table 8-21. Consider the following data for a simple economy: Calculate nominal GDP and ... (Read 70 times)

D2AR0N

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on: Jun 29, 2018
Refer to Table 8-21. Consider the following data for a simple economy: Calculate nominal GDP and real GDP for 2016, using 2014 as the base year. Show your work.
 
  What will be an ideal response?

Question 2

In economics, the term free market refers to a market where no sales tax is imposed on products sold.
 
  Indicate whether the statement is true or false


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GCabra

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

Nominal GDP for 2016 equals (250  

Answer to Question 2

FALSE


D2AR0N

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

scottmt

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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