(Macro) Episode 22: Growth
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Uploader Comments (mjmfoodie)
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All Comments (11)
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ooh sorry i just read your answer but thanks anyway :)
i love your videos they are great and really help me alot thank you :)
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Great videos, clear & easy to understand, very nice, thankyou!!!
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But what about the GDP deflator for the real gdp for the old year compared to the new year.. Does the GDP deflator change for both years?
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great video!
but what are driversof economic growth?
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thanks a lot my teacher can't teach so im learning everything through your videos =)
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@mjmfoodiesucks you're an idiot no one cares about smelly Hitler birthing Austria...
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very clear and precise. thank you:)
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@jochoi94 You may have to go back the episode on Society's PPC for that one -- if growth is the growth of our output, what enables us to produce more output?
mjmfoodie 1 year ago
If Real GDP = Nominal GDP/GDP Deflator, then the GDP deflator can be found by taking Nominal GDP/Real GDP... just as the CPI changes all the time (showing different inflation from year to year), so you should expect the GDP deflator - just a different measure of inflation - to change from year to year.
mjmfoodie 1 year ago