Please answer correct please help YEAR200020012002B) 100What is the price index in 2002?OA) 41C) 104Nominal GDP$3055D) 140$3410Real GDP$3170$3280PRICE INDEX95100

Price index shows the change in price level. It is used to calculate the inflation in an economy.…

Answered: YEAR 2000 2001 2002 A) 41 What is the…

YEAR 2000 2001 2002 A) 41 What is the price index in 2002? B) 100 C) 104 Nominal GDP $3055 D) 140 $3410 Real GDP $3170 $3280 PRICE INDEX 95 100

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter19: The Macroeconomic Perspective

Section: Chapter Questions

Problem 11RQ: What are the main components of measuring GDP with what is demanded?

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Question

100%

Please answer correct please help

YEAR
2000
2001
2002
B) 100
What is the price index in 2002?
OA) 41
C) 104
Nominal GDP
$3055
D) 140
$3410
Real GDP
$3170
$3280
PRICE INDEX
95
100

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