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2) Now calculate the real GDP for Year 2 using Year 2 (Real GDP) Year 1 as the base year. This means to use the
2) Now calculate the real GDP for Year 2 using Year 2 (Real GDP) Year 1 as the base year. This means to use the Year I prices with the Year 2 quantities. Use Good Price Quantity Real GDP the table to the right to ll in vour calculations
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Macroeconomics
Authors: Stephen d. Williamson
5th Canadian edition
133847144, 9780134604794 , 978-0133847147
