|
Title: Scenario: A country produces only one good. It produced 5,000 units of the good during Year 1 and ... Post by: mars03 on Dec 19, 2022 Scenario: A country produces only one good. It produced 5,000 units of the good during Year 1 and 6,000 units of the good in Year 2. The price of each unit of the good in Year 1 was $280 and it was $320 in Year 2. Suppose Year 1 is taken as the base year for the calculation of GDP.
Refer to the scenario above. Real GDP of the country has grown by ________. ▸ 10 percent ▸ 5 percent ▸ 0.2 percent ▸ 20 percent Title: Scenario: A country produces only one good. It produced 5,000 units of the good during Year 1 and ... Post by: vicky12345 on Dec 19, 2022 Content hidden
|