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Suppose that a very simple economy produces three goods: pasta, books and umbrellas. Suppose you have the following incomplete National Accounts data for 2012 and
Suppose that a very simple economy produces three goods: pasta, books and umbrellas. Suppose you have the following incomplete National Accounts data for 2012 and 2022: 2012 2022 Product Quantity Price Quantity Price Pasta ? $6 30 ? Books ? $3 \\ 93 ? Umbrellas ? $10 ' 42 $12 The following information is also available: The percentage change in nominal GDP is 50% The percentage change in real GDP measured in 2012 prices is 46.5% The percentage change in the quantity of pasta is 20% The percentage change in price of books is -33% The percentage change in total expenditure on umbrellas is 68% Using this information, fill in the missing cells in the table
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