Multiple Choice
(Table: Lemonade and Cookies) Use Table: Lemonade and Cookies. Assume that an economy produces only lemonade and cookies. The growth of nominal GDP from 2018 to 2019 was due to an approximately _____ increase in prices and an approximately _____ increase in aggregate output.
A) 11.25%; 0%.
B) 11.25%; 0%
C) 0%; 45%.
D) 0%; 45%
E) 5%; 11.25%.
F) 5%; 11.25%
G) 6.25%; 5%
H) 6.25%; 5%.
Correct Answer:

Verified
Correct Answer:
Verified
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