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The expenditure approach to measuring GDP shows that GDP = Ca Ia Ga NXa
(a) (8 points) Is this equation a causal relationship, suggesting that an increase in any one of the right- hand-side terms causes an increase in GDP? Explain your answer.
I am not certain what the trick is here. Anything added would increase GDP. Though, it increases nominal GDP and not necessarily real GDP. Is this on the correct track. Not sure why I am so stuck here.
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