Year Real GDP Nominal GDP Price Index 2000 $14,500 100 2001 $15,500 $17,000 2002 $20,000 117 2003 $19,000 $24,000 2004 $27000 130 23) Fill in the missing number that goes in A. O a. $14,500 O b. $144,500 O c. $4,500 O d. $145

Q: 3

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Q: real GDP

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Q: 2. Consider an economy that produces only two types of fruits: mangos and bananas. The production…

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A: GDP = C + I + G + NX  C - Consumption  I - Investment G- Government expenditure  Nx - Net export

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