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ECN 204 Chapter 6: Chapter 6 - Important formulas

Canada

Introductory Macroeconomics

Economics

Thomas Barbiero

Ryerson University

A History of Madness

Financial Accounting

Introduction to Professional Communication

Geographies of Everyday Life

Introduction to Global Management

Operations Management

Human Resources Management

Marketing Metrics and Analysis

Understanding Consumers and the New Media

Marketing Research

Innovations in Marketing

Integrated Case Analysis

Business Intelligence/Decision Modeling

Advanced Marketing Management

How Society Works

<div><span data-chquestiondiv='{"question_id": 8, "top": 364,  "bottom": 378, "left": 94, "right": 271}'>Real income in year X is equal to:</span></div>
<div>
<span data-chanswerdiv='{"question_id": 8, "top": 378,  "bottom": 392, "left": 94, "right": 106.15234375}'>a. </span><span style="text-decoration: underline;">year X nominal income </span><span data-chanswerdiv='{"question_id": 8, "top": 378,  "bottom": 392, "left": 253, "right": 284.5}'>x 100.</span>
</div>
<div><span data-chanswerdiv='{"question_id": 8, "top": 393,  "bottom": 407, "left": 129, "right": 209.75}'>    year X real GDP</span></div>
<div>
<span data-chanswerdiv='{"question_id": 8, "top": 407,  "bottom": 421, "left": 94, "right": 106.75}'>b. </span><span style="text-decoration: underline;">year X nominal income </span><span data-chanswerdiv='{"question_id": 8, "top": 407,  "bottom": 421, "left": 254, "right": 285.5}'>x 100.</span>
</div>
<div><span data-chanswerdiv='{"question_id": 8, "top": 421,  "bottom": 435, "left": 126, "right": 213.75}'>    year X real output</span></div>
<div>
<span data-chanswerdiv='{"question_id": 8, "top": 436,  "bottom": 450, "left": 94, "right": 106.15234375}'>c. </span><span style="text-decoration: underline;">year X nominal income </span>
</div>
<div><span data-chanswerdiv='{"question_id": 8, "top": 450,  "bottom": 464, "left": 132, "right": 173.75}'>    CPI/100</span></div>
<div><span data-chanswerdiv='{"question_id": 8, "top": 465,  "bottom": 479, "left": 94, "right": 257}'>d. year X nominal income x CPI.</span></div>

<div>Which of the following are used by economists to define and measure economic growth?</div>
<div> </div>
<div>a) An increase in real GDP occurring over some time period.<br>b) An increase in real GDP per capita occurring over some time period.</div>
<div>c) All of the above</div>

<p></p>
<div> <div>how is economic growth measured ! why is economic growth important !!</div> </div>

ECN 204 Lecture Notes - Lecture 2: January 30, Workforce Productivity, Productive Efficiency

ECN 204 Chapter 6: Chapter 6 - Important formulas

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