The table below indicates the price and output data over a five-year period for an economy that produces only one good. Refer to the above data.If year 2 is the base year, real GDP in year 5 is:
A) $120
B) $90
C) $60
D) $30
Correct Answer:
Verified
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A)a comparison of the
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Q130: Assume an economy which is producing only
Q130: In an economy experiencing persistent deflation:
A)potential GDP
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