Homework Answers
Answer : 29) The answer is option C.
Nominal GDP for year 3 = Price of current year × Output of current year = 6 × 30 = $180
Real GDP for year 3 = Price of base year × Output of current year = 4 × 30 = $120
Therefore, option C is correct.
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QUESTION 29 YearUnits of Outpu Price Per Unit G4 20 25 30 3 me an economy...
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Use the following to answer questions 6-7: Assume an economy which is producing only one product....
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