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Question 146

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Table: Lemonade and Cookies
Use the following to answer questions : Table: Lemonade and Cookies -(Table: Lemonade and Cookies) Look at the table Lemonade and Cookies. Assume that an economy produces only lemonade and cookies. The growth of nominal GDP from 2013 to 2014 was due to approximately a _____ increase in prices and approximately a _____ increase in aggregate output. A) 11.25%; 0% B) 0%; 45% C) 5%; 11.25% D) 6.25%; 5%
-(Table: Lemonade and Cookies) Look at the table Lemonade and Cookies. Assume that an economy produces only lemonade and cookies. The growth of nominal GDP from 2013 to 2014 was due to approximately a _____ increase in prices and approximately a _____ increase in aggregate output.


A) 11.25%; 0%
B) 0%; 45%
C) 5%; 11.25%
D) 6.25%; 5%

Correct Answer:

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