Exploring Economics
7th Edition
ISBN: 9781305465596
Author: Sexton
Publisher: Cengage
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Chapter 19, Problem 11P
To determine
a) Next year’s real
Whether the next year’s real GDP can exceed the next year’s nominal GDP
To determine
b) Real GDP grow and simultaneously real GDP per capita falls
If the real GDP can grow and at the same time can the real GDP per capita falls
To determine
c) People’s real consumption possibilities expand at the same time real GDP per capita falls.
Can people’s real consumption possibilities expand at the same time real GDP per capita falls.
To determine
d) How changing amount of leisure complicate comparisons of real well-being over time
How the changing amount of leisure complicate comparisons of real well-being over time
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