This topic contains a solution. Click here to go to the answer

Author Question: Refer to the information provided in Table 21.10 below to answer the question(s) that follow. Refer ... (Read 44 times)

mpobi80

  • Hero Member
  • *****
  • Posts: 519

Question 1

If real GDP in 2016 using 2015 prices is equal to the nominal GDP of 2016, then


◦ prices in 2016 are lower than prices in the base year.
◦ the price level has not changed.
◦ prices in 2016 are higher than prices in the base year.
◦ real GDP in 2016 is larger than real GDP in 2015.

Question 2

Refer to the information provided in Table 21.10 below to answer the question(s) that follow.









Refer to Table 21.10. Assume that this economy produces only two goods Good 
X and Good 
Y. The value for this economy's nominal GDP in year 1 is


◦ $110.
◦ $130.
◦ $140.
◦ $160.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by mpobi80 on Apr 19, 2019

TDubDCFL

  • Sr. Member
  • ****
  • Posts: 357
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 49% of students answer this correctly




mpobi80

  • Member
  • Posts: 519
Reply 2 on: Apr 19, 2019
Gracias!


deja

  • Member
  • Posts: 332
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

 

Did you know?

Elderly adults are living longer, and causes of death are shifting. At the same time, autopsy rates are at or near their lowest in history.

Did you know?

There are 60,000 miles of blood vessels in every adult human.

Did you know?

The use of salicylates dates back 2,500 years to Hippocrates's recommendation of willow bark (from which a salicylate is derived) as an aid to the pains of childbirth. However, overdosage of salicylates can harm body fluids, electrolytes, the CNS, the GI tract, the ears, the lungs, the blood, the liver, and the kidneys and cause coma or death.

Did you know?

Asthma attacks and symptoms usually get started by specific triggers (such as viruses, allergies, gases, and air particles). You should talk to your doctor about these triggers and find ways to avoid or get rid of them.

Did you know?

The horizontal fraction bar was introduced by the Arabs.

For a complete list of videos, visit our video library