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smitch6 smitch6
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6 years ago
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
A) (g1 + g2)/2.
B) (g1 × g2)/2.
C) (  +  )/2.
D)  .
E)  .
Textbook 
Macroeconomics, Canadian Edition

Macroeconomics, Canadian Edition


Edition: 5th
Author:
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Blade73Blade73
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6 years ago
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smitch6 Author
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6 years ago
Thanks for your help!!
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Thank you, thank you, thank you!
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2 hours ago
Smart ... Thanks!
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