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(Table: Peanut Butter and Jelly Economy) Use Table: Peanut Butter

Question 69

Multiple Choice

(Table: Peanut Butter and Jelly Economy) Use Table: Peanut Butter and Jelly Economy. How much of the increase in nominal GDP between 2018 and 2019 was due to inflation?  Product  2018 Output  2018 Prices  (base year)   Product  2019 Output  2019 Prices  Peanut butter 200 units  $1 per unit  Peanut butter 250$1.10 per unit  Jelly 100 units 2 per unit  Jelly 1002.50 per unit \begin{array} { | l | l | l | l | l | l | } \hline \text { Product } & \text { 2018 Output } & \begin{array} { l } \text { 2018 Prices } \\\text { (base year) }\end{array} & \text { Product } & \text { 2019 Output } & \text { 2019 Prices } \\\hline \text { Peanut butter } & 200 \text { units } & \text { \$1 per unit } & \text { Peanut butter } & 250 & \$ 1.10 \text { per unit } \\\hline \text { Jelly } & 100 \text { units } & 2 \text { per unit } & \text { Jelly } & 100 & 2.50 \text { per unit } \\\hline\end{array}


A) 31.25%
B) 31.25%.
C) 18.75%
D) 18.75%.
E) 12.5%
F) 12.5%.
G) 4%.
H) 4%

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