year real GDP Nominal GDP GDP deflator Price ($) per nutmeg Price ($) per drapes 2013 2700 70 10 8 2014 3600 100 12 9 2015 3600 4680 14 10 A) Calculate the missing information in the table
year real GDP Nominal GDP GDP deflator Price ($) per nutmeg Price ($) per drapes 2013 2700 70 10 8 2014 3600 100 12 9 2015 3600 4680 14 10 A) Calculate the missing information in the table
Macroeconomics: Principles and Policy (MindTap Course List)
13th Edition
ISBN:9781305280601
Author:William J. Baumol, Alan S. Blinder
Publisher:William J. Baumol, Alan S. Blinder
Chapter6: How Statisticians Measure Inflation
Section6.A: How Statisticians Measure Inflation
Problem 2TY
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year | real GDP | Nominal GDP | GDP deflator | Price ($) per nutmeg | Price ($) per drapes |
2013 | 2700 | 70 | 10 | 8 | |
2014 | 3600 | 100 | 12 | 9 | |
2015 | 3600 | 4680 | 14 | 10 |
A) Calculate the missing information in the table
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