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Value: 20% Due date: 17-Jan-2015 Return date: 08-Feb-2015 Task There will be an assessment comprising 4 short essay questions. You are to complete Assessment No. 3 by the due date. Assessment No. 3 will focus on material covered since Assessment No. 2. Where appropriate, use diagrams in your answer to provide a more comprehensive response. Question 1 (20%) A) What is the GDP gap? B) Explain why comparing the GDP's of various nations might not tell you which nations people are better off. (Layton ...

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Tags: Australia Ashfield Economics Economics Economics University of New South Wales Economics 3521 

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