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Real GDP

Part (a) of the question asks for the level of real GDP and the rate of growth in real GDP in each country for the past 5 years. Many students are finding it difficult to find data for real GDP over a five year period and when I look at data, I realise that in most cases the figures are for GDP, which is nominal or current GDP, not real GDP. Hence if you find that you do not have data for real GDP, just acknowledge that the data refers to nominal GDP. However, the growth of GDP should be real GDP. Assignment 1 contains 4 parts and each part contains specific questions. Answer each question fully but in no more than around 250 words per section so that your assignment overall should not exceed 1,000 words.Both assignments for this unit t

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