If the nominal gross domestic product (GDP) for a year is $5.4 trillion, and the real gross domestic product (GDP) for the same year is $3.6 trillion, the GDP price index is

Q: 1. Jack is considering selling his elliptical machine, which he never really used, is high quality,…

A: * ANSWER :-

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A: Quantity- It is the number or amount of goods or services.

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A: Answer: Introduction: Goods: goods are those things that have a physical presence. In other words,…

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