Suppose we want to compare this years GDP with those of previous years. As we go back

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Suppose we want to compare this year’s GDP with those of previous years. As we go back in time—to 1980, to 1970, to 1960, and to still earlier years—what happens to the validity of these comparisons? Why does this happen?

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Economics

ISBN: 125375

10th Edition

Authors: Stephen Slavin

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