A. Using the average price for all three goods, real GDP in 2012 is $___. (Enter your response as an integer.) B. Using the average prices for all three goods, real GDP in 2013 is $___. (Enter your response as an integer.) C. The percentage change in real GDP from 2012 to 2013 is __ percent. (Round your response to two decimal
A. Using the average price for all three goods, real GDP in 2012 is $___. (Enter your response as an integer.) B. Using the average prices for all three goods, real GDP in 2013 is $___. (Enter your response as an integer.) C. The percentage change in real GDP from 2012 to 2013 is __ percent. (Round your response to two decimal
Chapter4: The Aggregate Economy
Section: Chapter Questions
Problem 6E
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A. Using the average price for all three goods, real GDP in 2012 is $___. (Enter your response as an integer.)
B. Using the average prices for all three goods, real GDP in 2013 is $___. (Enter your response as an integer.)
C. The percentage change in real GDP from 2012 to 2013 is __ percent. (Round your response to two decimal places.)
D. Using the average prices, the GDP deflator for 2012 is ____ . (Round your response to two decimal places.)
E. Using the average prices, the GDP deflator for 2013 is ____percent. (Round your response of two decimal places.)
F. Using the GDP deflators recorded above the rate of inflation from 2012 to 2013 is ___ percent. (Round your response to two decimal places.)
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