Refer to the table. The value of real GDP in 2018 is Nominal Real Price Year GDP GDP Index 2018 $200,000 100 2019 $200,000 50 2020 $200,000 $400,000 2,000 4,000 O 100,000 O 200,000 O 400,000 QUESTION 3 Refer to the table. The value of real GDP in 2019 is Nominal Real Price Year GDP GDP Index 2018 $200,000 100 2019 $200,000 50 2020 $200,000 $400,000 2,000 4,000 100,000 200,000 400,000
Refer to the table. The value of real GDP in 2018 is Nominal Real Price Year GDP GDP Index 2018 $200,000 100 2019 $200,000 50 2020 $200,000 $400,000 2,000 4,000 O 100,000 O 200,000 O 400,000 QUESTION 3 Refer to the table. The value of real GDP in 2019 is Nominal Real Price Year GDP GDP Index 2018 $200,000 100 2019 $200,000 50 2020 $200,000 $400,000 2,000 4,000 100,000 200,000 400,000
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Question
![Refer to the table. The value of real GDP in 2018 is
Nominal
Real
Price
Year
GDP
GDP
Index
2018
$200,000
100
2019
$200,000
50
2020
$200,000
$400,000
O 2,000
O 4,000
100,000
O 200,000
O 400,000
QUESTION 3
Refer to the table. The value of real GDP in 2019 is
Nominal
Real
Price
Year
GDP
GDP
Index
2018
$200,000
100
2019
$200,000
50
2020
$200,000
$400,000
O2,000
O 4,000
100,000
200,000
O 400,000](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Ff086a3b2-d5c5-4910-841c-138f529fd6df%2F01a9a502-8796-4ceb-a98d-1b7a7fb35042%2F8r90pzh_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Refer to the table. The value of real GDP in 2018 is
Nominal
Real
Price
Year
GDP
GDP
Index
2018
$200,000
100
2019
$200,000
50
2020
$200,000
$400,000
O 2,000
O 4,000
100,000
O 200,000
O 400,000
QUESTION 3
Refer to the table. The value of real GDP in 2019 is
Nominal
Real
Price
Year
GDP
GDP
Index
2018
$200,000
100
2019
$200,000
50
2020
$200,000
$400,000
O2,000
O 4,000
100,000
200,000
O 400,000
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