The following table contains information about an economy that produces only pens and books. The base year is 2017. Use this information to answer question Year 2017 2018 2019 $3 3 4 Price of Pens b. 22 percent c. 27 percent d. 32 percent e. 0 percent Quantity of Pens 100 120 120 Price of Books $10 12 14 What is the percentage increase in real GDP from 2018 to 2019? Oa7 percent Quantity of Books 50 70 70
The following table contains information about an economy that produces only pens and books. The base year is 2017. Use this information to answer question Year 2017 2018 2019 $3 3 4 Price of Pens b. 22 percent c. 27 percent d. 32 percent e. 0 percent Quantity of Pens 100 120 120 Price of Books $10 12 14 What is the percentage increase in real GDP from 2018 to 2019? Oa7 percent Quantity of Books 50 70 70
Chapter1: Making Economics Decisions
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