Table 23-11
Table 23-12
A country produces only ice cream and cake in the quantities and prices listed below. Use 2011 as the base year. 
-Refer to Table 23-12. Calculate the rate of inflation for 2012.
Correct Answer:
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Q121: Nominal GDP is $15 trillion and real
Q124: Table 23-11
Table 23-12
A country produces only ice
Q125: In 2012 a country had a real
Q126: Explain the pattern seen between GDP per
Q128: Table 23-11
Table 23-12
A country produces only ice
Q129: Table 23-11
The country of Batavia produces only
Q131: Table 23-11
The country of Batavia produces only
Q132: Nominal GDP is $12 trillion and real
Q133: In 2011 a country had a real
Q139: Since it is counted as investment, why
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