Calculate The Gross Domestic Product By Using Both Formulas The Expenditure Approach And The Income Approach
1. Calculate the GDP by using both formulas, the expenditure approach and the income approach. Also, calculate in each case how much time it will take to double the gross domestic product (GDP).
Country A
Country B
2. Calculate the Unemployment rates and analyze the difference in years. Discuss the implications.
3. Calculate the Inflation rates, evaluate the rates during the years and between the years. Discuss the Implications
4. Define the concepts of aggregate supply and aggregate demand in detail. Describe the effects of policy variables and implications on the movement and shapes of the AD and AS curves.
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