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Fundamentals of Economics
, Second Edition
William Boyes, Arizona State University
Michael Melvin, Arizona State University
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Chapter Review
Chapter 10:
MacroEconomic Measures
- How is the total output of an economy measured?
- What is the difference between nominal and real GDP?
- What is the purpose of a price index?
- How is money traded internationally?
- How do nations record their transactions with the rest of the world?
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