Macroeconomic Concepts. Explain to a non-economist the following concepts (carries 10 marks each) 1. The Difference between real and nominal GDP 2. The real exchange rates 3. The interest rate parity 4. The Terms of Trade
Macroeconomic Concepts. Explain to a non-economist the following concepts (carries 10 marks each) 1. The Difference between real and nominal GDP 2. The real exchange rates 3. The interest rate parity 4. The Terms of Trade