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Explain the country's macroeconomic experience of economic growth rate (based on Real GDP data), unemployment and inflation between 2000 and 2020. Your explanation can also
Explain the country's macroeconomic experience of economic growth rate (based on Real GDP data), unemployment and inflation between 2000 and 2020. Your explanation can also include policies implemented by the government and/or central bank of the country to increase economic growth rate and to remedy unemployment and inflation, if any, or any other relevant information for the three variables.
Below are the Real GDP rate for your reference,
The data of Real GDP, unemployment rate and inflation rate from 2000 to 2020 for Cambodia. The value of all goods and services manufactured or generated by a country in a specific year (presented in base-year prices) is reflected in real gross domestic product (real GDP). Since it compares both the value and quantity of goods and services, real GDP allows comparison of GDP from year to year and from multiple periods more useful. The real GDP of a nation is a deflated estimation of its economic production for a year. GDP is mainly calculated using the expenditure approach, with the formula of GDP = Consumption + Gross Investment + Government Purchase + Net Exports (GDP = C+I+G+NX) (Akhilesh Ganti, 2022).
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