From 2016 to 2020, the price of electronic equipment fell dramatically and the price of housing rose

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From 2016 to 2020, the price of electronic equipment fell dramatically and the price of housing rose dramatically. What are the implications of this in deciding whether to use 2016 or 2020 as the base year in calculating 2018 real GDP?

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Macroeconomics

ISBN: 9781319245269

6th Edition

Authors: Paul Krugman, Robin Wells

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Question Posted: Feb 16, 2024 04:00 AM

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From 2016 to 2020, the price of electronic equipment fell dramatically and the price of housing rose

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The choice of base year in calculating real GDP can have significant implications especially when th...View the full answer

Macroeconomics

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