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here is my question AP CollegeBoard AP Macroeconomics Test Booklet Unit 2 8. Real Gross Nominal Gross Period Domestic Product Domestic Product Year 1 $100
here is my question
AP CollegeBoard AP Macroeconomics Test Booklet Unit 2 8. Real Gross Nominal Gross Period Domestic Product Domestic Product Year 1 $100 billion $70 billion Year 2 $120 billion $120 billion Year 3 $130 billion $150 billion Which of the following can be concluded from the data above? A The base year for the price index was year 1. B The base year for the price index was year 3. C The economy was producing higher-quality goods and services in years 2 and 3 than in year 1. D The economy was experiencing inflation during years 2 and 3. E The economy was experiencing deflation during years 1, 2, and 3. 9. Labor Market Data for Country X (in millions of persons) Population 180 Employed 94 Unemployed 6 Not in labor force 80 Based on the information in the table above, what is the unemployment rate for Country X? Copyright @ 2021. The College Board. These materials are part of a College Board program. Use these materials online or in print beyond your school's participation in the program is prohibited. Page 7 of 9Step by Step Solution
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