Question
Item Price Year 1 Price Year 2 Quantity Produced A $100 $105 4 B $100 $110 2 C $100 $95 1 A nation produces three
Item Price Year 1 Price Year 2 Quantity Produced
A $100 $105 4
B $100 $110 2
C $100 $95 1
A nation produces three products, A, B, and C. Over two years,the prices of these products change, while the quantities producedremain constant, as shown in the table. Over this period, thenation's nominal GDP increased by 5 percent. The nation's real GDPchanged by approximately...
a. -2 percent
b. 2 percent
c. 3 percent
d. 0 percent
Item Price Year 1 Price Year 2 Quantity Produced
A $100 $105 4
B $100 $110 2
C $100 $95 1
A nation produces three products, A, B, and C. Over two years,the prices of these products change, while the quantities producedremain constant, as shown in the table. Over this period, thenation's nominal GDP increased by 5 percent. The nation's real GDPchanged by approximately...
a. -2 percent
b. 2 percent
c. 3 percent
d. 0 percent
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The Changing Geography Of Banking And Finance
Authors: Pietro Alessandrini ,Michele Fratianni ,Alberto Zazzaro
1st Edition
1441947205, 978-1441947208
