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Lecture Macroeconomics (Sixth Edition): Chapter 2 - N. Gregory Mankiw
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Chapter 2 The data of macroeconomics. After studying this chapter you will be able to understand: Gross Domestic Product (GDP) measures both total income and total expenditure on the economy’s output of goods & services; nominal GDP values output at current prices; real GDP values output at constant prices; GDP is the sum of consumption, investment, government purchases, and net exports; . |