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    Principles of Economics Study Set 12
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    Exam 18: Measuring the Production, Income, and Spending of Nations
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    If Prices Were Kept Constant at 2016 Levels, Then According
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If Prices Were Kept Constant at 2016 Levels, Then According

Question 23

Question 23

Multiple Choice

If prices were kept constant at 2016 levels, then according to the data in Exhibit 18-5, production between 2016 and 2017 changed by


A) 20 percent.
B) 28 percent.
C) 25 percent.
D) 60 percent.
E) 30 percent.

Correct Answer:

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Q27: Exhibit 18-5<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6906/.jpg" alt="Exhibit 18-5

Q28: Exhibit 18-7<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6906/.jpg" alt="Exhibit 18-7

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