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Economics Let E200o = 0.06 be the cyclical component of Real GDP in year 2000, and suppose that $2000 = 8.00 is the trend of
Economics Let E200o = 0.06 be the cyclical component of Real GDP in year 2000, and suppose that $2000 = 8.00 is the trend of the natural logarithm of Real GDP in year 2000. Suppose that the original series for Real GDP is measured in millions of chained 2012 dollars. Then: Real GDP in 2000 was approximately 8.06 billion of chained 2012 dollars. Real GDP in 2000 was approximately 3,165.29 million of chained 2012 dollars. Real GDP in 2000 was approximately 7.94 billion of chained 2012 dollars. Real GDP in 2000 was approximately 2,807.36 million of chained 2012 dollars
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