15 Assume That An Economy Produces Only Two Goods Computers And Gasoline The Quantity And Price Of Each Are Given In 1 (365.45 KiB) Viewed 63 times
15 Assume That An Economy Produces Only Two Goods Computers And Gasoline The Quantity And Price Of Each Are Given In 2 (261.69 KiB) Viewed 63 times
15. Assume that an economy produces only two goods, computers and gasoline. The quantity and price of each are given in the table below. If the base year is 2000. how do nominal and real gross domestic product (GDP) change between 2000 and 2004?* Year Price of Computers Quantity of Computers (in millions) Price of Gasoline Quantity of Gasoline (in millions) 2000 $1,000 5. $1 500 2004 $500 10 $ 2 250
20. From Figure 1: The Aggregate Demand curve in the following graph will shift from AD1 to ADO if al P.L. B AD, ADO RGDP the price level increased O net taxes decreased O the output level decreased O The money supply decreased
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