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MT 445 Unit 7 Assignment
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MT 445 Unit 7 Assignment

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Why does inflation make nominal GDP a poor measure of the increase in total production?

Which component of GDP will be affected by each of the following transactions involving FlyCheap Airlines? If you do not believe any component will be affected, briefly explain why.

In an open economy, trade is allowed between countries. Assume a consumer purchases $1,000 worth of furniture manufactured in China.  Answer the following:

Describe the relationship between labor productivity and growth? How do technological advancements impact labor productivity?

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