Desert Kingdom produces only dates and camel rides. The base year is 2010, and the tables give
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a. Nominal GDP and real GDP in 2010 and 2011.
b. Real GDP in 2011 in terms of the base-year prices.
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a In 2010 nominal GDP is 6000 In 2009 nominal GDP is 9400 Nominal GDP in 2010 is equal to total expe...View the full answer
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Related Book For 
Macroeconomics Canada in the Global Environment
ISBN: 978-0321778109
8th edition
Authors: Michael Parkin, Robin Bade
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