An economy produces only food and fun. The table shows the quantities produced and prices in 2018 and 2019, In 2018 If the base year is 2018, compare the growth rates of nominal GDP and real GDP in 2019. Item Quantity Price >>> 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. Food 97 $2 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 If the base year is 2018, compare the growth rates of nominal GDP and real GDP in 2019. Item Quantity Price >>> 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. Food 97 $2 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 6PA
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