Essentials of Economics 7th Edition by Gregory Mankiw

تمرين 15

In the year 2013, the economy produces 100 loaves of bread that sell for $2 each. In the year 2014, the economy produces 200 loaves of bread that sell for $3 each. Calculate nominal GDP, real GDP, and the GDP deflator for each year. (Use 2013 as the base year.) By what percentage does each of these three statistics rise from one year to the next?