Suppose nominal GDP in 2019 was RM 300 billion and in 2020 it was RM 460 billion. The general price index in 2019 was 105 and in 2020 it was 115. The real GDP in 2020 is
Suppose nominal GDP in 2019 was RM 300 billion and in 2020 it was RM 460 billion. The general price index in 2019 was 105 and in 2020 it was 115. The real GDP in 2020 is
Chapter7: Macroeconomic Measurements, Part Ii: Gdp And Real Gdp
Section7.4: Real Gdp
Problem 2ST
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