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< < > Terah < CENGAGE MINDTAP My Home Aplia Assignment Ch 10 Courses Catalog and Study Tools Rental Options Back to Assignment Attempts

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< < > Terah < CENGAGE MINDTAP My Home Aplia Assignment Ch 10 Courses Catalog and Study Tools Rental Options Back to Assignment Attempts College Success Tips Career Success Tips RECOMMENDED FOR YOU 4. Real versus nominal GDP Average / 4 ng.cengage.com Consider a simple economy that produces two goods: stickers and enamel pins. The following table shows the prices and quantities of the goods over a three-year period. Stickers Enamel pins Price Year (Dollars per sticker) Quantity (Number of stickers) Price Quantity (Dollars per enamel pin) (Number of enamel pins) 2020 2 255 2 195 2021 3 165 3 190 2022 2 130 3 195 Staying Focused ? Help Give Feedback Use the information from the preceding table to fill in the following table. Nominal GDP Real GDP (Base year 2020, dollars) GDP Deflator Year (Dollars) 2020 2021 2022 From 2021 to 2022, nominal GDP and real GDP ' Q Search this course ? Co A-Z bongo A+

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