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Compare the nature of real gdp

Assignment:

Discussion: "The Nature of Real GDP." Please respond to the following:

1. Define and then compare the two (2) components of real GDP. Is the cyclical component affected by the trend component? Why or why not?

2. 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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Microeconomics: Compare the nature of real gdp

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