Question
YEAR 1996 YEAR 1997 Types of goods OUTPUT PRICES OUTPUT PRICES Burgers 100 $5 150 $8 Milk 150 $4 250 $5 Shoes 10 $20 8
YEAR 1996 YEAR 1997
Types of goods | OUTPUT | PRICES | OUTPUT | PRICES |
Burgers | 100 | $5 | 150 | $8 |
Milk | 150 | $4 | 250 | $5 |
Shoes | 10 | $20 | 8 | $30 |
Calculate the Nominal GDP for the year 1997.
Calculate Real GDP for the year 1997 using 1996 as the base year.
Calculate GDP deflator for the year 1997 using 1996 as the base year.
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The Economy Of Cities
Authors: Jane Jacobs
1st Edition
039470584X, 9780394705842
