. Calculate the real GDP for 2011. . Calculate the real GDP for 2012. • Calculate the real GDP for 2013.

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Q: Question 4

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A: Aggregate demand: the entire demand for products and services in a certain market.

Q: Question 10

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Q: Question 10

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A:

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Q: Question 10

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A: Price elasticity of demand can be calculated as follows:

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Q: utility function

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A:

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