What is the difference between nominal growth and real growth between 2020 and 2018?Answer Choice Group20%125%105%None of the above Precio de Cantidad de Precio deAñoPCPCLaptop2018 $40001200$6,0002019 $45001100$8,0002020 $6000 1300$12,000Cantidad deLaptops2,0002,3002,500

Real GDP: It refers to the GDP that tracks the complete worth of labor and products ascertaining the…

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What is the difference between nominal growth and real growth between 2020 and 2018? Answer Choice Group 20% 125% 105% None of the above

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

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Question

What is the difference between nominal growth and real growth between 2020 and 2018?

Answer Choice Group

20%

125%

105%

None of the above

Precio de Cantidad de Precio de
Año
PC
PC
Laptop
2018 $4000
1200
$6,000
2019 $4500
1100
$8,000
2020 $6000 1300
$12,000
Cantidad de
Laptops
2,000
2,300
2,500

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