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Consider a simple economy that produces two goods: cupcakes and erasers. The following table shows the prices and quantities of the goods over three-year period Cupcakes Erasers Price Quantity (Number of cupcakes) 125 135 100 Price Quantity (Number of erasers) 155 210 200 (Dollars per cupcake) (Dollars per eraser) Year 2013 2014 2015 4 4 Use the information from the preceding table to fill in the following table Nominal GDP Real GDP Year(Dollars) 2013 2014 2015 (Base year 2013, dollars) GDP Deflator From 2014 to 2015, nominal GDP and real GDP The inflation rate in 2015 was

From 2014 to 2015, nominal GDP ______ (DECREASED OR INCREASED) , and real GDP _____ (Decreased or increased)

The inflation rate in 2015 was __ (-30%, 0.3%, 76.9%, or 130%)

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Sol uttoのブ Nominal GDP 크 1x12g + 2x155- C 2 ol 3) 256 + 3 10 -356口 Nominud GDP 은 2x135 + 4, x 210 outpuoom base year Recal GDP 560 C Because of Base yeor) C2013 e ce C24260 620 C201 224SNomial GDP (2013 C2014) 870 127.68 1300x O 24S XLoo C20lS From 20l to 201s Nominal GDP ncreased and reulGJP Decveased 2.01ら please provrde using whỉen yedY As per my cal al c나ton 130 [300-S60

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