Year Price of strawberries 2014 $0.75 Quantity of strawberries 100 Price of cream $3.00 Quantity of cream 200

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
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Type answer with proper explanation  please 

Year
Price of
strawberries
2014 $0.75
2015 $2.00
2016 $3.00
Year
2014
2015
Nominal GDP
$
$
Quantity of
strawberries
2016 $
100
125
150
Real GDP
$
S
$
Price
of
cream
Quantity
of cream
$3.00
200
$3.50 400
$4.00
500
GDP deflator
Transcribed Image Text:Year Price of strawberries 2014 $0.75 2015 $2.00 2016 $3.00 Year 2014 2015 Nominal GDP $ $ Quantity of strawberries 2016 $ 100 125 150 Real GDP $ S $ Price of cream Quantity of cream $3.00 200 $3.50 400 $4.00 500 GDP deflator
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