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Suppose That G1 Represents the Ratio of Year 2 GDP (g1+g2)/2 (g 1+g 2) / 2

question 39

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Suppose that g1 represents the ratio of year 2 GDP to year 1 GDP, both valued at year 1 prices. Suppose that g2 represents the ratio of year 2 GDP to year 1 GDP, both valued at year 2 prices. The ratio of chain-weighted year 2 GDP to chain-weighted year 1 GDP equals


Definitions:

Net Increase

The amount by which a company's or individual's assets exceed their losses or liabilities over a given period.

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