Exam (elaborations)
ECON 203 UPDATED Exam Questions and CORRECT Answers
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GDP per person/per capitaTotal GDP divided by the population Gross Domestic Product (GDP)the market value of all final goods and services produced in a country during one year. GDP = c+1+G+nx nominal gdpGDP measured in current prices. P*Q real gdpGDP adjusted for inflation Rule of 70 formula...
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