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Hi, need to submit a 1000 words paper on the topic Macro-Economic Indicators: GDP, CPI, Unemployment, Interest Rates.
Hi, need to submit a 1000 words paper on the topic Macro-Economic Indicators: GDP, CPI, Unemployment, Interest Rates. Comparison of Canada, Japan, US and U.K with respect to Real Gross Domestic Product Gross domestic product (GDP) is one of the very important indicators considered by economies to evaluate their output and growth. This can be divided into two sub-parts, i.e. Nominal GDP and Real GDP. Nominal GDP is calculated by valuing all outputs at current prices and real GDP is calculated by valuing outputs of different years at common prices. Hence, GDP is considered as better measures than nominal GDP changes in total production (Field, 2008). Below is the graphical representation of Real GDP of Canada, US, U.K and Japan:- Fig 1: Comparison of Canada, Japan, US and U.K with respect to Real Gross Domestic Product for Canada, Japan, U.K and US.
