Calculate the missing information in the table below taking into consideration that the base year is 2015. Year Price of Books Quantity of Books Price of Socks Quantity of Socks Nominal GDP Real GDP GDP Deflator CPI Inflation Rate 2015 10 120 12 200 3600 3600 100 100 2016 12 300 15 200 6600 5400 122.22 183.33 2017 14 275 18
Calculate the missing information in the table below taking into consideration that the base year is 2015. Year Price of Books Quantity of Books Price of Socks Quantity of Socks Nominal GDP Real GDP GDP Deflator CPI Inflation Rate 2015 10 120 12 200 3600 3600 100 100 2016 12 300 15 200 6600 5400 122.22 183.33 2017 14 275 18
Essentials of Economics (MindTap Course List)
8th Edition
ISBN:9781337091992
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter15: Measuring A Nation's Income
Section: Chapter Questions
Problem 4CQQ
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Calculate the missing information in the table below taking into consideration that the base year is
2015.
Year | Price of Books | Quantity of Books | Price of Socks | Quantity of Socks | Nominal GDP | Real GDP | GDP Deflator | Inflation Rate | |
2015 | 10 | 120 | 12 | 200 | 3600 | 3600 | 100 | 100 | |
2016 | 12 | 300 | 15 | 200 | 6600 | 5400 | 122.22 | 183.33 | |
2017 | 14 | 275 | 18 | 180 | 7090 | 4910 | 144.40 | 196.49 |
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