1. GDP Inflation Use the following information about a fictional economy to answer parts a and b....

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1. GDP Inflation Use the following information about a fictional economy to answer parts a and b. Price 2021 Q 2021 Price 2022 Q 2022 Wine $10 300 bottles $15 400 bottles Cheese $8 1100 lbs. $9 1200 lbs. Computers $200 80 $300 100 How fast did the real GDP grow between 2021 and 2022? Assume that all goods are produced in the US. Show all your work. (10 points) Base year is 2022

Posted Date: Jun 14, 2024 07:16 AM

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1. GDP Inflation Use the following information about a fictional economy to answer parts a and b....

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