An economy produces only food and fun. The table shows the quantities produced and prices in 2018 and 2019. In 2018 Item Quantity Price If the base year is 2018, compare the growth rates of nominal GDP and real GDP in 2019. Food 97 $2 >>> Answer to 1 decimal place. >>> If your answer is negative, include a minus sign. If your answer is positive, do not include a plus sign. Fun 51 $2 The growth rate of nominal GDP in 2019 is percent. In 2019 Item Quantity Price Food 71 $4 Fun 67 $10

An economy produces only food and fun. The table shows the quantities produced and prices in 2018 and 2019. In 2018 Item Quantity Price If the base year is 2018, compare the growth rates of nominal GDP and real GDP in 2019. Food 97 $2 >>> Answer to 1 decimal place. >>> If your answer is negative, include a minus sign. If your answer is positive, do not include a plus sign. Fun 51 $2 The growth rate of nominal GDP in 2019 is percent. In 2019 Item Quantity Price Food 71 $4 Fun 67 $10

Brief Principles of Macroeconomics (MindTap Course List)

8th Edition

ISBN:9781337091985

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter5: Measuring A Nation's Income

Section: Chapter Questions

Problem 7QR

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Similar questions

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