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Michele Blockinger
on Oct 13, 2024

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For time series data,what is unique about a time period where real GDP equal nominal GDP?

A) The base year for the price index
B) GDP = C + I + G + Xn
C) Exports exceed imports
D) A high rate of inflation exist

Time Series Data

Data collected and recorded at regular intervals over a period of time, often used for analyzing trends, cycles, and forecasts.

Real GDP

Gross Domestic Product adjusted for inflation, measuring the value of goods and services produced by a country's economy in real terms over a specific period.

Nominal GDP

The market value of all final goods and services produced within a country in a given period, measured in current prices.

  • Grasp the concept of GDP deflator and its impact on evaluating economic performance.
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EZ
Edhar ZolotarOct 18, 2024
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