Question: Compute GDP by completing #4 & #5 in Problems (p. 152) Differentiate between real and nominal GDP using the table 7.6 (p. 144) Complete #7

  1. Compute GDP by completing #4 & #5 in Problems (p. 152)
  2. Differentiate between real and nominal GDP using the table 7.6 (p. 144)
  3. Complete #7 in Problems by finding real GDP (p. 153)
  4. Discuss the answers to components of GDP as to whether they will be included in either income or expenditure approaches in back of chapterr.

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