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In the following example data set the income approach was used to determine the GDP for 2005 and 2006.
2005: (90 x $18) + (180 x $100) or the quantity of the CD’s times the Price of the CD’s plus the Quantity of the Racquets times the price of the Racquets. = $19,620
2006: (100 x $20) + (190 x $110) or the quantity of the CD’s times the Price of the CD’s plus the Quantity of the Racquets times the price of the Racquets...
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In the following example data set the income approach was used to determine the GDP for 2005 and 2006.
2005: (90 x $18) + (180 x $100) or the quantity of the CD’s times the Price of the CD’s plus the Quantity of the Racquets times the price of the Racquets. = $19,620
2006: (100 x $20) + (190 x $110) or the quantity of the CD’s times the Price of the CD’s plus the Quantity of the Racquets times the price of the Racquets...
Essay fragment
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Concepts and Problems in Macroeconomics
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