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he growth rate of nominal GDF percent

he growth rate of nominal GDF percent

Essentials of Economics (MindTap Course List)
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 6PA
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What is the answer of second first(9.4) is true, thats my last attemp please be careful thanks

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The table shows the quantities produced and prices in 2015 and 2016 for an island economy which produces only melons and kiwi fruits The base year is 2016. Compare the growth rates of nominal GDP and real GDP in 2016 using the chained-dollar method. >>> Answer to 1 decimal place. The growth rate of nominal GDP in 2016 is 9.4 percent The growth rate of real GDP in 2016 using the chained-dollar method is percent.
Transcribed Image Text:The table shows the quantities produced and prices in 2015 and 2016 for an island economy which produces only melons and kiwi fruits The base year is 2016. Compare the growth rates of nominal GDP and real GDP in 2016 using the chained-dollar method. >>> Answer to 1 decimal place. The growth rate of nominal GDP in 2016 is 9.4 percent The growth rate of real GDP in 2016 using the chained-dollar method is percent.
In 2015 Item Melons Kiwi fruits In 2016 Item Melons Kiwi fruits Quantity 93 boxes 60 boxes Quantity 112 boxes 66 boxes Price $10 a box $12 a box Price $12 a box $7 a box
Transcribed Image Text:In 2015 Item Melons Kiwi fruits In 2016 Item Melons Kiwi fruits Quantity 93 boxes 60 boxes Quantity 112 boxes 66 boxes Price $10 a box $12 a box Price $12 a box $7 a box
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