QUESTION 38 Table 2 contains data for the country of Dachsland, which produces only pretzels and books. The base year is 2005. Refer to Table 2. In 2005, Dachsland's Year Price of Books $1.50 $2.00 $2.50 Quantity of Books Price Quantity of of Pretzels Pretzels 2005 $4.00 90 2006 $4.00 100 2007 $5.00 120 2008 $6.00 150 $3.50 200 ⒸA. nominal GDP was equal to real GDP, and the GDP deflator was equal to 100. B. nominal GDP was less real GDP, and the GDP deflator was less than 100. OC. nominal GDP was greater than real GDP, and the GDP deflator was greater than 100. OD. nominal GDP was equal to real GDP, and the GDP deflator was equal to 1. 150 180 200

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QUESTION 38
Table 2 contains data for the country of Dachsland, which produces only pretzels and books. The base year is 2005.
Refer to Table 2. In 2005, Dachsland's
Year
Price
of
Price
of
Pretzels
Pretzels
Books
$4.00
90
$1.50
$4.00
100
$2.00
2007
$5.00
120
$2.50
2008
$6.00
150
$3.50
200
A nominal GDP was equal to real GDP, and the GDP deflator was equal to 100.
OB. nominal GDP was less than real GDP, and the GDP deflator was less than 100.
OC. nominal GDP was greater than real GDP and the GDP deflator was greater than 100.
OD. nominal GDP was equal to real GDP, and the GDP deflator was equal to 1.
Quantity
of
2005
2006
Quantity of
Books
150
180
200
Transcribed Image Text:QUESTION 38 Table 2 contains data for the country of Dachsland, which produces only pretzels and books. The base year is 2005. Refer to Table 2. In 2005, Dachsland's Year Price of Price of Pretzels Pretzels Books $4.00 90 $1.50 $4.00 100 $2.00 2007 $5.00 120 $2.50 2008 $6.00 150 $3.50 200 A nominal GDP was equal to real GDP, and the GDP deflator was equal to 100. OB. nominal GDP was less than real GDP, and the GDP deflator was less than 100. OC. nominal GDP was greater than real GDP and the GDP deflator was greater than 100. OD. nominal GDP was equal to real GDP, and the GDP deflator was equal to 1. Quantity of 2005 2006 Quantity of Books 150 180 200
QUESTION 43
Refer to Table 2. Dachsland's output grew (base year-2005)
Year
Price
of
Books
$1.50
$2.00
$2.50
$3.50
Price
Quantity
of
of
Pretzels
Pretzels
2005
$4.00
90
2006
$4.00
100
2007
$5.00
120
2008
$6.00
150
A. 33.3% from 2006 to 2007.
OB. 15.4% from 2007 to 2008.
OC.24.3% from 2006 to 2007.
OD. 29.9% from 2005 to 2006.
Quantity of
Books
150
180
200
200
Transcribed Image Text:QUESTION 43 Refer to Table 2. Dachsland's output grew (base year-2005) Year Price of Books $1.50 $2.00 $2.50 $3.50 Price Quantity of of Pretzels Pretzels 2005 $4.00 90 2006 $4.00 100 2007 $5.00 120 2008 $6.00 150 A. 33.3% from 2006 to 2007. OB. 15.4% from 2007 to 2008. OC.24.3% from 2006 to 2007. OD. 29.9% from 2005 to 2006. Quantity of Books 150 180 200 200
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