Assume a basket of products cosst $5million in the base yar and the following is true in
Question:
a. Price Index
b. Real GDP
c. Real wages
d. Real money supply or real balances
e. the price index for 2013 if the inflation rate is 2% from 2012 to 2013
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a Price index 8million5million100 160 b Real GDP nominal GDP price index 100 144 t...View the full answer
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