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A market basket is one way of measuring a nation's output is used in calculating nominal GDP will always be 1 0 0 in the
A market basket
is one way of measuring a nation's output
is used in calculating nominal GDP
will always be in the base year
represents what the average citizen buys over some time period
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Econometric Analysis
Authors: William H. Greene
8th Edition
978-0134461366, 0134461363
