An island economy produces only bananas and coconuts. The table gives the quantities produced and prices in 2018 and 2019. In 2018 Item Quantity Price If the base year is 2019, compare the growth rates of nominal GDP and real GDP. $10 a bunch Bananas 99 bunches >>> Answer to 1 decimal place. Coconuts 54 bags $11 a bag The growth rate of nominal GDP in 2019 is percent. In 2019 Item Quantity Price $9 a bunch $8 a bag Bananas 111 bunches Coconuts 65 bags

ENGR.ECONOMIC ANALYSIS
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ISBN:9780190931919
Author:NEWNAN
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Chapter1: Making Economics Decisions
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An island economy produces only bananas and coconuts. The table gives the quantities produced and prices in 2018
Jon Heip
and 2019.
If the base year is 2019, compare the growth rates of nominal GDP and real GDP.
In 2018
>>> Answer to 1 decimal place.
Item
Quantity
Price
Bananas
99 bunches
$10 a bunch
The growth rate of nominal GDP in 2019 is
percent.
Coconuts
54 bags
$11 a bag
In 2019
Item
Quantity
Price
Bananas
111 bunches
$9 a bunch
Coconuts
65 bags
$8 a bag
?
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Transcribed Image Text:An island economy produces only bananas and coconuts. The table gives the quantities produced and prices in 2018 Jon Heip and 2019. If the base year is 2019, compare the growth rates of nominal GDP and real GDP. In 2018 >>> Answer to 1 decimal place. Item Quantity Price Bananas 99 bunches $10 a bunch The growth rate of nominal GDP in 2019 is percent. Coconuts 54 bags $11 a bag In 2019 Item Quantity Price Bananas 111 bunches $9 a bunch Coconuts 65 bags $8 a bag ? Enter your answer in the answer box and then click Check Answer. Check Answer Clear All 1 part remaining DII DD F11 F12 000 000 F10 F9 80 F7 F8 F6 F5 F4 esc F2 F3 F1 ! @ 23 $ 9 4 5 6 7 1 2 3 { [ P R т Y U Q W E %3D tab K 00
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