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Difference between nominal and real GDP Investment component of GDP Diminishing returns and catch-up effect Cost of the basket and CPI Make sure each of

Difference between nominal and real GDP

Investment component of GDP

Diminishing returns and catch-up effect

Cost of the basket and CPI

Make sure each of the explanation must be sufficiently explained.

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1 Nominal GDP vs Real GDP Nominal GDP refers to the total value of all goods and services produced in a country at current market prices It does not a... blur-text-image

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