Use the table below to answer the following question.
Table 20.4.4

-Refer to Table 20.4.4. The table provides data on the economy of Tropical Republic that produces only bananas and coconuts. Nominal GDP in 2013 is ________. Nominal GDP in 2014 is ________.
A) $7,500; $7,000
B) $7,472.50; $7,000
C) $7,000; $7,500
D) $7,472.50; $7,500
E) $1,500; $1,625
Correct Answer:
Verified
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Q124: At 2012 prices, the value of production
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Q126: The reference base year is 2013. To
Q127: Use the table below to answer the
Q128: Real GDP
A)fluctuates from year to year but
Q130: What we produce during our working time
Q131: Use the table below to answer the
Q132: Use the table below to answer the
Q133: Potential GDP is
A)the maximum amount of GDP
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