Answer the following questions on the basis of the three sets of data for the country of North Vaudeville:(B)(A)(C)Price LevelReal GDPPrice LevelReal GDPPrice LevelReal GDP11024011029010021510010026510024024095240952401002659024090215100290 b. Assuming no change in hours of work, if real output per hour of work decreases by 15 percent, what will be the new levelsof real GDP in the right column of B?Instructions: Round your answers to 2 decimal places.With a price level of 110, new outputWith a price level of 100, new outputWith a price level of 95, new outputWith a price level of 90, new output

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Asked Nov 7, 2019
Answer the following questions on the basis of the three sets of data for the country of North Vaudeville:
(B)
(A)
(C)
Price Level
Real GDP
Price Level
Real GDP
Price Level
Real GDP
110
240
110
290
100
215
100
100
265
100
240
240
95
240
95
240
100
265
90
240
90
215
100
290
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Answer the following questions on the basis of the three sets of data for the country of North Vaudeville: (B) (A) (C) Price Level Real GDP Price Level Real GDP Price Level Real GDP 110 240 110 290 100 215 100 100 265 100 240 240 95 240 95 240 100 265 90 240 90 215 100 290

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b. Assuming no change in hours of work, if real output per hour of work decreases by 15 percent, what will be the new levels
of real GDP in the right column of B?
Instructions: Round your answers to 2 decimal places.
With a price level of 110, new output
With a price level of 100, new output
With a price level of 95, new output
With a price level of 90, new output
help_outline

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b. Assuming no change in hours of work, if real output per hour of work decreases by 15 percent, what will be the new levels of real GDP in the right column of B? Instructions: Round your answers to 2 decimal places. With a price level of 110, new output With a price level of 100, new output With a price level of 95, new output With a price level of 90, new output

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Real GDP is the total value of the final goods and services ...

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