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Author Question: Refer to the information provided in Table 21.10 below to answer the question(s) that follow. Refer ... (Read 45 times)

mpobi80

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on: Apr 19, 2019

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.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by mpobi80 on Apr 19, 2019

TDubDCFL

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Reply #1 on: Apr 19, 2019
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.
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mpobi80

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Reply 2 on: Apr 19, 2019
YES! Correct, THANKS for helping me on my review

cam1229

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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