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Measuring Economic Growth-GDP

Measuring Economic Growth-GDP. Unit 3, Lesson 3. Gross Domestic Product (GDP). Definition : The market value of all final goods and services produced in a country in a year Current/nominal GDP (measured for the given year, reflects inflation ) Real GDP (set on a constant base year).

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Gross Domestic Product

Gross Domestic Product. Gross Domestic Product (GDP). Definition : The market value of all final goods and services produced in a country in a year Current/nominal GDP (measured for the given year, reflects inflation ) Real GDP (set on a constant base year). Gross Domestic Product (GDP).

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285 views • 12 slides

Measuring Economic Growth-GDP

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Measuring Economic Growth-GDP

Gross Domestic Product

Measuring Economic Growth-GDP