Calculate the missing information in the table Year Real GDP Nominal GDP GDP Deflator Prices of Nutmeg ($per Nutmeg) Prices of Drapes ($ per Drapes) 2013 2700 70 10 8 2014 3600 100 12 9 2015 3600 4680 14 10
Calculate the missing information in the table Year Real GDP Nominal GDP GDP Deflator Prices of Nutmeg ($per Nutmeg) Prices of Drapes ($ per Drapes) 2013 2700 70 10 8 2014 3600 100 12 9 2015 3600 4680 14 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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Calculate the missing information in the table
Year | Real |
Nominal GDP | GDP Deflator | Prices of Nutmeg ($per Nutmeg) | Prices of Drapes ($ per Drapes) |
2013 | 2700 | 70 | 10 | 8 | |
2014 | 3600 | 100 | 12 | 9 | |
2015 | 3600 | 4680 | 14 | 10 |
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