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According to the data above, in which year was real gross domestic product (GDP) the smallest? 1980 1990 2000 2010 2015

According to the data above, in which year was real gross domestic product (GDP) the smallest? 1980 1990 2000 2010 2015

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
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Hello! I really need your help for the two questions attached. Please just provide short answer and the correct options. Thank you! 

Use the table below for the next question Nominal GDP | GDP Deflator $14,000 $18,000 Year 1980 70 1990 100 2000 $22,000 220 2010 $50,000 200 2015 $60,000 300 According to the data above, in which year was real gross domestic product (GDP) the smallest? O 1980 1990 2000 2010 O 2015
Transcribed Image Text:Use the table below for the next question Nominal GDP | GDP Deflator $14,000 $18,000 Year 1980 70 1990 100 2000 $22,000 220 2010 $50,000 200 2015 $60,000 300 According to the data above, in which year was real gross domestic product (GDP) the smallest? O 1980 1990 2000 2010 O 2015
Assume that for the economy of Brodskyland, the base year for the consumer price index 2018. If the CPI for 2019 is 106.4, the change in inflation for 2019 is 7.6% O 7.4% 6.4% 1% 94%
Transcribed Image Text:Assume that for the economy of Brodskyland, the base year for the consumer price index 2018. If the CPI for 2019 is 106.4, the change in inflation for 2019 is 7.6% O 7.4% 6.4% 1% 94%
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