Microeconomics Review #1
Calculate the Nominal GDP. 4. The Nominal GDP is $300 billion and the GDP deflator is 150. Calculate the Real GDP. 5. The Nominal GDP is $100 billion and the GDP deflator is 125. Calculate the Real GDP. Measuring Unemployment* Full Employment 1. Frictional Unemployment. 2. Structural Unemployment. 3. Cyclical Unemployment. Natural Rate of ... ................
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