Question 25 (5 points) Listen Below data shows the economies of Gotham and Metropolis. GDP deflator Gotham Metropolis GDP deflator Year (or GDP Nominal GDP Population Year (or GDP Nominal GDP Population 15 Price Index) Price Index) 18 2019 80 2020 115 $155 $220 5 2019 90 $150 5 6 2020 120 $220 6 > > 1> + 5 a¦ 8> 21 10 11 12 2> 13 14 >4 16 17 46 19 210 21 21 22 23 24 What is the growth rate of Real GDP per capita for Metropolis from 2019 to 2020? (Your answer includes first decimal point; eg) if your response is 9.98, write down 9.9 in the answer.) %
Question 25 (5 points) Listen Below data shows the economies of Gotham and Metropolis. GDP deflator Gotham Metropolis GDP deflator Year (or GDP Nominal GDP Population Year (or GDP Nominal GDP Population 15 Price Index) Price Index) 18 2019 80 2020 115 $155 $220 5 2019 90 $150 5 6 2020 120 $220 6 > > 1> + 5 a¦ 8> 21 10 11 12 2> 13 14 >4 16 17 46 19 210 21 21 22 23 24 What is the growth rate of Real GDP per capita for Metropolis from 2019 to 2020? (Your answer includes first decimal point; eg) if your response is 9.98, write down 9.9 in the answer.) %
Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter22: Inflation
Section: Chapter Questions
Problem 7SCQ: Go to this website (http://www.measuringworth.com/ppowerus/) for the Purchasing Power Calculator at...
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