cant figure this out According to the table below,Change in Value (%),1991–2001AssetStocks+250%Diamonds+71Oil+66Housing+56U.S. farmland+49Average price level+32Silver+22Bonds+20Stamps-9Gold-29 Instructions: Enter your responses as a percentage rounded to the nearest whole number.What happened during the period shown to thea. nominal price of gold?The nominal price v (Click to select)percent.fellb. real price of gold?roseThe real price (Click to select)|bypercent.

Given information The change in value of gold between 1991 to 2001 is -29% The change in average…

Answered: According to the table below, Change in…

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Economics

According to the table below, Change in Value (%), 1991–2001 Asset Stocks +250% Diamonds +71

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

cant figure this out

According to the table below,
Change in Value (%),
1991–2001
Asset
Stocks
+250%
Diamonds
+71
Oil
+66
Housing
+56
U.S. farmland
+49
Average price level
+32
Silver
+22
Bonds
+20
Stamps
-9
Gold
-29

Instructions: Enter your responses as a percentage rounded to the nearest whole number.
What happened during the period shown to the
a. nominal price of gold?
The nominal price v (Click to select)
percent.
fell
b. real price of gold?
rose
The real price (Click to select)
|by
percent.

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