Which definition best describes real GDP? the general change in prices of goods and services from...

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Which definition best describes real GDP? the general change in prices of goods and services from one period to the next the

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Answer 1

Answer #1

Ans) the correct option is c) the production of goods and services valued at a constant price.

Ans) 48 dollars

Real GDP = 4*3 + 4* 9 = 12 + 36 = 48

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Answer 2

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a $900 ECON 250 40. In a certain economy in 2008, GDP amounted to $5,000, consumption...

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Which definition best describes real GDP? the general change in prices of goods and services from...

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Add Answer to: Which definition best describes real GDP? the general change in prices of goods and services from...

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Which definition best describes real GDP? the general change in prices of goods and services from...