question archive Based on the below data, which of the following can be concluded ? * Period Year 1 Year 2 Year 3 Real GDP $100 billion $120 billion $130 billion Nominal GDP $70 billion $120 billion $150 billion O The base year for the price index was year 3
Based on the below data, which of the following can be concluded ? * Period Year 1 Year 2 Year 3 Real GDP $100 billion $120 billion $130 billion Nominal GDP $70 billion $120 billion $150 billion O The base year for the price index was year 3
Subject:EconomicsPrice: Bought3
Based on the below data, which of the following can be concluded ? * Period Year 1 Year 2 Year 3 Real GDP $100 billion $120 billion $130 billion Nominal GDP $70 billion $120 billion $150 billion O The base year for the price index was year 3. O The economy was experiencing inflation during years 2 and 3. O The economy was producing higher-quality goods and services in years 2 and 3 than in year 1. O The base year for the price index was year 1. 20. Most, but not all, athletic apparel sold in the United States is imported from other nations. If the price of athletic apparel increases, the GDP deflator will Increase less than will the consumer price index. Increase, but the consumer price index will not increase Increase more than will the consumer price index. Not increase, but the consumer price index will increase.
