Business, 21.04.2020 18:46 jeremy7131

Suppose that, in year 1, an economy produces 100 golf balls that sell for $3 each and 75 pizzas that sell for $8 each. The next year, the economy produces 110 golf balls that sell for $3.25 each and 80 pizzas that sell for $9 each. The growth rate of nominal GDP from year 1 to year 2 is %.

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Suppose that, in year 1, an economy produces 100 golf balls that sell for $3 each and 75 pizzas that...