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1. Which of : 5120
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1. Which of the following suggest that real per capita GDP is not a perfect measure of economy well-being?
2. Suppose that y(t) describes how a variable y varies over time. Then the growth rate of the variable from year t to year t+1 is (approximately) equal to ( select all correct answers)
3. suppose the economy exhibits three consecutive quarters of negative real per capita growth. Would the policymakers say that the economy is in recession?
4. when do we say that the economy is in a recession (select all the correct answers)