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Earn +20 ptsQ: What are the two basic limitation of GDP?
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What are the types of GDP?
There are two types of GDP.such as 1)Potential GDP,2) Nominal GDP
What is The most basic measure of economic growth?
GDP (Gross Domestic Product)
Who are the two richest countries in the world?
United states and china United States GDP $14,580,000,000,000 China GDP $7,800,000,000,000
Calculate the percentage change in nominal GDP?
It is 100*(New GDP/Old GDP - 1).Clearly, it is not possible to give a numeric answer because the question gives no indication as to the country whose GDP is being measured, nor the two periods between which the comparison is to be made.
What is micro economics basic define?
define law of demand.explain it with the help of schedule and digram. also write its assumption and limitation
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