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28.3) Why does ination make nominal lGDP a poor measure of the increase in total production from one year to the next? How does the
28.3) Why does ination make nominal lGDP a poor measure of the increase in total production from one year to the next? How does the ABS deal with the problem ination causes with nominal GDP? 3 marks 28b) Assume that real GDP in a country grew From $2 300 000 million in 2014 to $2 380 000 million in 2015. Calculate the rate of economic growth over that time period. 2 marks The rate of economic growth is
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