Use the following to answer questions: Table: Three-Good Economy I
-(Table: Three-Good Economy I) Suppose an economy produces only the three final goods shown in the table. The table gives information on the quantities produced and the prices of goods sold in 2008 and 2009. If prices in 2008 are used to calculate real GDP, what is the growth rate of real GDP in 2009?
A) 4%
B) 19.5%
C) 24.3%
D) 48.6%
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Q81: Use the following to answer questions:
Q82: Given the GDP at the end of
Q83: Use the following to answer questions:
Q84: Use the following to answer questions:
Q85: Use the following to answer questions:
Q87: Use the following to answer questions:
Q88: Real GDP is calculated using:
A) prices at
Q89: Use the following to answer questions:
Q90: Nominal GDP is calculated using:
A) prices at
Q91: The measure of GDP that has NOT
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