According to an article in the Economist, China's GDP grew by 7% in the second quarter, which

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According to an article in the Economist, "China's GDP grew by 7% in the second quarter, which was higher than had been expected." Is it likely that the article is referring to the change in nominal GDP or the change in real GDP? Briefly explain.

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Economics

ISBN: 978-0134106243

6th edition

Authors: R. Glenn Hubbard

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Question Posted: Nov 01, 2017 07:33 AM

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According to an article in the Economist, China's GDP grew by 7% in the second quarter, which

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It is likely that the article is referring to the percentage change in real GDP which measu...View the full answer

Economics

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