Snack Year Price per Unit 2021 2022 Select one: Quantity 30 10 pesos 15 pesos 40 The table above describes production and price levels of Macroland in 2021 & 2022. According to this table, which one of the following is correct? (in this question, take 2021 as the base year in your calculations whenever necessary) Cheese Soda Price per Unit Quantity Price per Unit Quantity 6 pesos 15 15 pesos 10 pesos 20 25 6 pesos 20 Nominal GDP is 970 pesos in 2021. Real GDP is 970 pesos in 2022. GDP deflator is approximately 108.38 in 2022. GDP deflator is 90 in 2021.
Snack Year Price per Unit 2021 2022 Select one: Quantity 30 10 pesos 15 pesos 40 The table above describes production and price levels of Macroland in 2021 & 2022. According to this table, which one of the following is correct? (in this question, take 2021 as the base year in your calculations whenever necessary) Cheese Soda Price per Unit Quantity Price per Unit Quantity 6 pesos 15 15 pesos 10 pesos 20 25 6 pesos 20 Nominal GDP is 970 pesos in 2021. Real GDP is 970 pesos in 2022. GDP deflator is approximately 108.38 in 2022. GDP deflator is 90 in 2021.
Economics: Private and Public Choice (MindTap Course List)
16th Edition
ISBN:9781305506725
Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Chapter8: Economic Fluctuations, Unemployment, And Inflation
Section: Chapter Questions
Problem 14CQ
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