The chinese economy has a growth in nominal gdp of 64 and, Business Economics

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The chinese economy has a growth in nominal gdp of 64 and

The Chinese economy has a growth in nominal GDP of 6.4% and an inflation-adjusted growth figure of 6.9% for the year 2015. a) Explain the difference between nominal and real GDP, how they are measured and their usefulness in indicating economic performance. b) What does it mean that the overall economy is experiencing deflation?

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Business Economics: The chinese economy has a growth in nominal gdp of 64 and

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