Top Posters
Since Sunday
Home Q & A Board Other Fields Homework Help Business Economics
New Topic  
nguyenduong67 nguyenduong67
wrote...
Go to Answer
Posts: 1028
Rep: 0 0
7 years ago
Imagine that an economy produces two goods, flashlights and fishing lures. In 2011, the economy produced 100 flashlights and 50 fishing lures, and the prices of flashlights and fishing lures were $5 and $11, respectively. In 2012, the economy produced 120 flashlights and 60 fishing lures, and the prices of flashlights and fishing lures were $7 and $14, respectively. respectively. What happened to nominal GDP from 2011 to 2012? What happened to real GDP?
Textbook 
Survey of Economics: Principles, Applications and Tools

Survey of Economics: Principles, Applications and Tools


Edition: 6th
Authors:
Read 126 times
1 Reply
Replies
Answer verified by a subject expert
Quinn1981Quinn1981
wrote...
#1
Top Poster
Posts: 772
Rep: 12 0
7 years ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

nguyenduong67 Author
wrote...

7 years ago
You make an excellent tutor!
kobbhy
wrote...

Yesterday
Thanks
my2redeyes
wrote...

2 hours ago
This calls for a celebration Person Raising Both Hands in Celebration
New Topic      
Quick Reply
Bold
Italic
Underline
Strikethrough
Subscript
Superscript
Insert Math Equation
Font Name
Font Color
Align left
Center
Align right
Bullet list
Numbered list
Insert a horizontal rule
Insert a table
Insert a Quote
View source
Explore
Post your homework questions and get free online help from our incredible volunteers
  1308 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Show Emoticons
:):(;):P:D:|:O:?:nerd:8o:glasses::-):-(:-*O:-D>:-D:o):idea::important::help::error::warning::favorite:
Related Images
  
 436
  
 224
  
 364
Your Opinion
How often do you eat-out per week?
Votes: 167
Previous poll results: Who's your favorite biologist?