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Principles of Economics 2e

2nd Edition
Steven A. Greenlaw; David Shapiro
ISBN: 9781947172364

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BuyFindarrow_forward

Principles of Economics 2e

2nd Edition
Steven A. Greenlaw; David Shapiro
ISBN: 9781947172364
Textbook Problem

Refer back to the Work It Out about Comparing the Economies of Two Countries and examine the data for the two countries you chose. How are they similar? How are they different?

To determine

The similarities and difference between the data of 2 countries is to be determined.

Explanation

The data as per the Work it out section “Comparing the Economies of two countries” is given below:

Here comparison between 2 countries

Australia 2009 2010 2011 2012 2013
Real GDP Growth (%) 0.1% 1.0% 2.2% 0.8 0.7%
Real GDP Growth/Hours Worked (%) 1.9% −0.3% 2.4% 3.3% 1.4%
Belgium 2009 2010 2011 2012 2013
Real GDP Growth (%) −3.4 1.6 0...

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