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If the population of the economy in Question 2 is 125 million, calculate GDP per capita for this economy using your GDP calculation in Question
If the population of the economy in Question 2 is 125 million, calculate GDP per capita for this economy using your GDP calculation in Question 2. Explain what this measures.
Question 2 Answer saved Marked out of 2.00 Flag question Consider the following macroeconomic data for a particular economy. Item Amount (millions of dollars) Household Consumption 268,600 Business Investment 123,860 Government Spending 80,700 Exports 7,080 Imports 10,090 Using the expenditure approach, calculate GDP using this data. (2 marks)Step by Step Solution
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