An economist in Zimbabwe has data about current year prices and base year pride (2000) as well the country's output for the last five years. How can this economist determine the real growth of Zimbabwe's economy given these information? a. Calculate the national income by multiplying the current year output by the base price year (2000) b. Calculate the national income by adding the current year output and the current price c. Multiply the base year prices by the current year prices d. Divide the number of years by the output.

An economist in Zimbabwe has data about current year prices and base year pride (2000) as well the country's output for the last five years. How can this economist determine the real growth of Zimbabwe's economy given these information? a. Calculate the national income by multiplying the current year output by the base price year (2000) b. Calculate the national income by adding the current year output and the current price c. Multiply the base year prices by the current year prices d. Divide the number of years by the output.

Economics (MindTap Course List)

13th Edition

ISBN:9781337617383

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter7: Macroeconomic Measurements, Part Ii: Gdp And Real Gdp

Section: Chapter Questions

Problem 4WNG

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