Question

History Bookmarks People Window Help M S D Mon Sep 23 11:08 25 AM Adrian Med Conwider Asim e t Home comer x Course: ECONOM * Mindfup.com * 5. Real Versus 15 W engage.com/static /uevo/index.htm N 67813370960078-548152632&snapshotid 12060816 Shes T om School Google Docscre C OMM 150 Google Drive - Co. Mml « CENGAGE MINDTAP DIN Cero Search this col Homework (Ch 10) 5. Real versus nominal GDP : apples and envelopes. The following table shows the prices and wantities of the goods over a Consider a simple economy that produces two three-year period Apple Quantity Desperate) (Number of applies) Year (Dollars per envelope) Number ofan Use the information from the preceding table to win the following tabi Nominal GDP (Dollars) Year Real GDP (Base year 2013 dollars) GOP Deflator From 2014 to 2015. nominal GDP and real GDP MacBook Pro C Q Search or type URL w 7

Answer 1

Year RAPP - Deflator وامهم NADP 1x 120 + 1x170 - 290 290 1260 x100 400 2014. 2017 + 4x230 = 3404 920 1260 17ok It 1x230 = 170 +230 - yoo - 315 X80 To 15 2x110+ 4x165 = 2204 660 = 880 110x14 165x). llot 165 = 275 27 - 320 decreases 4 Real GDP decreases الهرک مهر احلى Inflation rate in 2015 was o meo Aus is b