C                      I                         G                               NX              Price                                                              Yr1                               1000                   156                     560                           52                    4   Yr2                                1300                  159                     600                           52                    5   Yr3                                 2000                  169                    690                           53                   6   Yr4                               2900                   180                     880                           53                    7   Using the information above - State what the price index will be for all four years (round to the whole number for all calculations and final answers) - State what real GDP will be for all four years.

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A: Real monthly income = [Nominal monthly income / Price index] * 100

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A: Given that the market basket consist of 15 apple (A), 5 loaves (L), 3 robes (R), 20 gallons of…

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A: Given:Productivity in 2020=113Productivtiy in 1990=60

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A: Formula:  GDP Deflator = (Nominal GDP / Real GDP) *100. Inflation rate = {(Present year GDP…

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Q: GDP

A: Answer The correct option is (a) GDP

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A: The gross domestic product (GDP) refers to the market value of all the finished goods and services…

Q: True or False: “If CPI reads 300 in August 2022 and 309 in August 2023, then inflation rate is 9%.”

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A: Nominal GDP = price of current year * quantity of current year

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A: CPI2015 = 238 CPI2016 = 243

Q: use an AE TO LAS/SAS/AD graph to represent a positive change (include the summary (rgdp,cpi,I,)

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A: PLEASE FIND THE ANSWER BELOW.

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A: Given: CPI in 1983 = 100 CPI in 2006 = 200

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