Discussion the nature of real gdprespond to the, Ask an Expert

Economics

Discussion: "The Nature of Real GDP."

Respond to the following:

• Define and then compare the two components of real GDP. Is the cyclical component affected by the trend component? Why or why not?

• Discuss the difference in effect on the growth of real GDP by a permanent change in technology level as compared to a temporary change in the technology level.

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Macroeconomics, Economics

Category:- Macroeconomics
Reference No.:- M92663934

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