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BUS102 Introduction To Economics

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Answers: 1.According to the article by Greg Jericho (2016), the annual GDP growth for 2008-2009 was 1.82%. The GDP per capita for this period was -0.36%. The difference in these figures is because the GDP per capita factors in population in calculating the productivity of the economy. It takes the total output of the country based on the purchasing power divided by the number of people in the economy. GDP on the other hand is the monetary valu...

Read More arrow Tags: Australia Brisbane Economics Economics Glossaries University of Brisbane MBA 

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