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Q2. Points 5 {1+l+2+1} Consider the following information for a hypothetical economy. -'.___ a. [1'20]? is the base year1 calculate the Real GDP in 201?
Q2. Points 5 {1+l+2+1} Consider the following information for a hypothetical economy. -'.___ a. [1'20]? is the base year1 calculate the Real GDP in 201? and 2013 h; Calculate the nominal GDP is 201? and 20181 c. How much of the increase in nominal GDP is due to ination? d. To analyse economic growth over time which of these measures would you use and why
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