The table below contains data for the country of Candyland. The base year is 2011. Year GDP Nominal GDP Deflator $2000 100 $3000 120 $3750 150 $6000 200 2011 2012 2013 2014 Refer to Table above. Which of the following is not correct? This economy experienced growth from 2011 to 2012 This economy experienced inflation from 2011 to 2012, from 2012 to 2013, and from 2013 This economy experienced growth from 2012 to 2013 This economy experienced growth from 2013 to 2014 2014

The table below contains data for the country of Candyland. The base year is 2011. Year GDP Nominal GDP Deflator $2000 100 $3000 120 $3750 150 $6000 200 2011 2012 2013 2014 Refer to Table above. Which of the following is not correct? This economy experienced growth from 2011 to 2012 This economy experienced inflation from 2011 to 2012, from 2012 to 2013, and from 2013 This economy experienced growth from 2012 to 2013 This economy experienced growth from 2013 to 2014 2014

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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