Assume that this economy produces only two goods Good X and Good Y. The value for this economy's nominal GDP in year 3 is: A- = 1000 B- =2500 C- = 4500 D- = 6000 Assume that this economy produces only two goods Good X and Good Y. If year 1 is the base year, the value for this economy's real GDP in year 2 is: A- = 1000 B- =2000 C- = 3000 D- =3700
Assume that this economy produces only two goods Good X and Good Y. The value for this economy's nominal GDP in year 3 is: A- = 1000 B- =2500 C- = 4500 D- = 6000 Assume that this economy produces only two goods Good X and Good Y. If year 1 is the base year, the value for this economy's real GDP in year 2 is: A- = 1000 B- =2000 C- = 3000 D- =3700
Chapter11: Gross Domestic Product
Section: Chapter Questions
Problem 11SQ
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- Assume that this economy produces only two goods Good X and Good Y. The value for this economy's nominal
GDP in year 3 is:
A- = 1000 |
B- =2500 |
C- = 4500 |
D- = 6000 |
- Assume that this economy produces only two goods Good X and Good Y.
If year 1 is the base year, the value for this economy's real GDP in year 2 is:
A- = 1000 |
B- =2000 |
C- = 3000 |
D- =3700 |
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