Assignment Instructions/ Description
The table shows some data for an economy.If the base year is 2015, calculate the economy's nominal GDP and real GDP in 2016.Nominal GDP in 2016 is $600.Real GDP in 2016 is $135.In 2015 ItemQuantityPriceApples60$0.50Oranges80$0.25 In 2016 ItemQuantityPriceApples160$1.00Oranges220$2.00
Post a Comment