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Market Basket of Items Year 1 Year 2 Year 3 Year 4 Loaf of Bread $ 2 . 5 0 $ 2 . 8 0
Market Basket of Items Year 1 Year 2 Year 3 Year 4 Loaf of Bread $ 2 . 5 0 $ 2 . 8 0 3 . 0 0 $ 3 . 1 0 Movie tickets 8 . 0 0 8 . 8 0 9 . 2 0 9 . 5 0 Gallon of gasoline 3 . 5 0 4 . 2 0 4 . 0 0 3 . 6 0 Scented candle 1 2 . 0 0 1 3 . 2 0 1 4 . 0 0 1 4 . 3 0 Nominal GDP $ 5 billion $ 5 . 6 billion $ 6 . 1 billion $ 6 . 5 billion CALCULATE REAL GDP FOR YEAR 2
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International Economics
Authors: James Gerber
6th edition
978-0132950145, 132950146, 132948915, 978-0132948913
