If a country has a higher level of productivity than another, then it also has a higher level of real GDP. Select one: a. False b. True 2- - The following information relating to green economy: 2013(base yr) 2014 2015 P Q P Q P Q Milk $1 100 $1 200 $2 200 Honey $2 50 $2 100 $4 100 - Based on the previous information, (after calculating Nominal GDP, Real GDP, and GDP Deflator for the years 2013,2014 and 2015), the Inflation rate in 2015 equal: Select one: a. 85% b. 90% c. 80% d. 100%
If a country has a higher level of productivity than another, then it also has a higher level of real GDP. Select one: a. False b. True 2- - The following information relating to green economy: 2013(base yr) 2014 2015 P Q P Q P Q Milk $1 100 $1 200 $2 200 Honey $2 50 $2 100 $4 100 - Based on the previous information, (after calculating Nominal GDP, Real GDP, and GDP Deflator for the years 2013,2014 and 2015), the Inflation rate in 2015 equal: Select one: a. 85% b. 90% c. 80% d. 100%
Chapter5: National Income Accounting
Section: Chapter Questions
Problem 3E
Related questions
Question
1-
If a country has a higher level of productivity than another, then it also has a higher level of real GDP .
Select one:
a. False
b. True
2-
- The following information relating to green economy:
|
2013(base yr) |
2014 |
2015 |
|||
|
P |
Q |
P |
Q |
P |
Q |
Milk |
$1 |
100 |
$1 |
200 |
$2 |
200 |
Honey |
$2 |
50 |
$2 |
100 |
$4 |
100 |
- Based on the previous information, (after calculating Nominal GDP, Real GDP, and GDP Deflator for the years 2013,2014 and 2015), the Inflation rate in 2015 equal:
Select one:
a. 85%
b. 90%
c. 80%
d. 100%
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