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Introducing Concepts - Nominal GDP and Real GDP
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Problem 9
Introducing Concepts - Nominal GDP and Real GDP
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10. Introducing Economic Concepts / Introducing Concepts - Nominal GDP and Real GDP / Problem 4
Problem 4
What is the primary purpose of using base year prices in real GDP calculations?
A
To eliminate the effects of price changes over time.
B
To calculate the total exports of a country.
C
To include inflation in the GDP calculation.
D
To measure the total population growth.
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