Year Stickers Paper plates Price Quantity Price Quantity (Dollars per sticker) (Number of stickers) (Dollars per paper plate) (Number of paper plates) 2018 2 215 3 155 2019 4 135 3 210 2020 2 150 3 190 Use the information from the preceding table to fill in the following table. Year Nominal GDP Real GDP GDP Deflator (Dollars) (Base year 2018, dollars) 2018 2019 2020 From 2019 to 2020, nominal GDP , and real GDP .
Year Stickers Paper plates Price Quantity Price Quantity (Dollars per sticker) (Number of stickers) (Dollars per paper plate) (Number of paper plates) 2018 2 215 3 155 2019 4 135 3 210 2020 2 150 3 190 Use the information from the preceding table to fill in the following table. Year Nominal GDP Real GDP GDP Deflator (Dollars) (Base year 2018, dollars) 2018 2019 2020 From 2019 to 2020, nominal GDP , and real GDP .
Principles of Economics, 7th Edition (MindTap Course List)
7th Edition
ISBN:9781285165875
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter23: Measuring A Nation's Income
Section: Chapter Questions
Problem 4PA
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Year Stickers Paper plates Price Quantity Price Quantity (Dollars per sticker) (Number of stickers) (Dollars per paper plate) (Number of paper plates) 2018 2 215 3 155 2019 4 135 3 210 2020 2 150 3 190
Use the information from the preceding table to fill in the following table.
| Year | Nominal |
Real GDP | GDP Deflator |
|---|---|---|---|
| (Dollars) | (Base year 2018, dollars) | ||
| 2018 | |||
| 2019 | |||
| 2020 |
From 2019 to 2020, nominal GDP , and real GDP .
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