Answered

Find the best answers to your questions with the help of IDNLearn.com's expert contributors. Join our community to receive prompt and reliable responses to your questions from experienced professionals.

Consider an economy that produces only chocolate bars. In year 1, the quantity produced is 5 bars and the price is Rs.600 per bar. In year 2, the quantity produced is 6 bars and the price is Rs.750 per bar. In year 3, the quantity produced is 7 bars and the price is Rs.825 per bar. Year 1 is the base year. What is nominal GDP for year 1? What is real GDP for year 2? What is real GDP for year 3? What is the GDP deflator for year 2? What is the GDP deflator for year 3? What is the percentage growth rate of real GDP from year 2 to year 3? (Please avoid typing % sign)

Sagot :

Answer:

An apple, potato, and onion all taste the same if you eat them with your nose plugged

Explanation:

Thank you for contributing to our discussion. Don't forget to check back for new answers. Keep asking, answering, and sharing useful information. Discover the answers you need at IDNLearn.com. Thanks for visiting, and come back soon for more valuable insights.