Desert Kingdom decides to use the chain-weighted output index method of calculating real GDP. Using this method,
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Desert Kingdom decides to use the chain-weighted output index method of calculating real GDP. Using this method, calculate
a. The growth rate of real GDP in 2022.
b. Compare and comment on the differences in real GDP in terms of the base-year prices and real
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a The growth rate of real GDP in 2022 is 179 percent The chainweighted output index method uses the ...View the full answer
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