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Author Question: Table 8-16 Refer to Table 8-16.Given the information above, what can we say has happened in the ... (Read 213 times)

Destiiny22

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Question 1

Table 8-15







Refer to Table 8-15.  Consider the following data on nominal GDP and real GDP (values are in billions of dollars): The GDP deflator for 2015 equals


◦ 94.1.
◦ 105.1.
◦ 106.2.
◦ 108.5.

Question 2

Table 8-16









Refer to Table 8-16. Given the information above, what can we say has happened in the economy from 2015 to 2016?


◦ The price level has fallen.
◦ The price level has risen.
◦ The price level has remained constant.
◦ Not enough information is available to determine what has happened to prices.


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Marked as best answer by Destiiny22 on Mar 16, 2019

Zebsrer

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Zebsrer

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