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QUESTION 21 Refer to Table 2. The nominal GDP of 2019 is around a. $ 260.10 b. $ 417.55 С. $334.45 d. $ 57.50 a O d QUESTION 22 Refer to Table 2. Given the base year 2017, the GDP deflator and inflation of 2019 are around, respectively, a. 116, 57 and 16.57% b. 100 and 25.01%. С. 125.01 and7.23% d. 125.01 and 25.01% O a

QUESTION 21 Refer to Table 2. The nominal GDP of 2019 is around a. $ 260.10 b. $ 417.55 С. $334.45 d. $ 57.50 a O d QUESTION 22 Refer to Table 2. Given the base year 2017, the GDP deflator and inflation of 2019 are around, respectively, a. 116, 57 and 16.57% b. 100 and 25.01%. С. 125.01 and7.23% d. 125.01 and 25.01% O a

Principles of Economics 2e
Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter19: The Macroeconomic Perspective
Section: Chapter Questions
Problem 18RQ: What are the two main difficulties that arise in comparing different comparing GDP?
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QUESTION 21 Refer to Table 2. The nominal GDP of 2019 is around a. $ 260.10 b. $ 417.55 $ 334.45 $ 57.50 С. d. a O d QUESTION 22 Refer to Table 2. Given the base year 2017, the GDP deflator and inflation of 2019 are around, respectively, a. 116, 57 and 16.57% b. 100 and 25.01%. C. 125.01 and7.23% d. 125.01 and 25.01% a d. O O O
Transcribed Image Text:QUESTION 21 Refer to Table 2. The nominal GDP of 2019 is around a. $ 260.10 b. $ 417.55 $ 334.45 $ 57.50 С. d. a O d QUESTION 22 Refer to Table 2. Given the base year 2017, the GDP deflator and inflation of 2019 are around, respectively, a. 116, 57 and 16.57% b. 100 and 25.01%. C. 125.01 and7.23% d. 125.01 and 25.01% a d. O O O
QUESTION 20 Table 2. Production of Country ABC milk (in gallons) Quantity Pizza Pies Price Quantity Price 2017 10 20 30 2018 12 23 2.1 34 2019 13 26 2.15 37 2020 13 23 2.1 36 Refer to Table 2. Using 2017 as the base year, the real GDP of 2018 $ 298 20. a. t 247 40
Transcribed Image Text:QUESTION 20 Table 2. Production of Country ABC milk (in gallons) Quantity Pizza Pies Price Quantity Price 2017 10 20 30 2018 12 23 2.1 34 2019 13 26 2.15 37 2020 13 23 2.1 36 Refer to Table 2. Using 2017 as the base year, the real GDP of 2018 $ 298 20. a. t 247 40
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