Use the data in the table to answer the question. Pineapples Coconuts Price 2 5 2016 Nominal GDP increased by $ between 2016 and 2017. Quantity 100 60 Price 4 4 2017 Quantity 125 75 According to the data in the table, by how much did nominal GDP change between 2016 and 2017? Assume that the given economy's GDP consists only of coconuts and pineapples.
Use the data in the table to answer the question. Pineapples Coconuts Price 2 5 2016 Nominal GDP increased by $ between 2016 and 2017. Quantity 100 60 Price 4 4 2017 Quantity 125 75 According to the data in the table, by how much did nominal GDP change between 2016 and 2017? Assume that the given economy's GDP consists only of coconuts and pineapples.
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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