Price of gold as an economic indicator
Task: I want assistance with a graph and brief explanation of the price of gold as an economic indicator please.
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What assumption concerning economies of scale will give rise to a determinant and optimal scale of the firm in Long run equilibrium in perfect competetion?
Question 1. Calculate real GDP for 2004 and 2005 using 2004 prices. By what percent did real GDP grow? Question 2. Calculate the value of the price index for GDP for 2005 using 2004 as the base year. By what percent did prices increase?
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I want assistance with a graph and brief explanation of the price of gold as an economic indicator please.
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