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Question 13

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Use the following to answer questions: Use the following to answer questions: -(Table: Lemonade and Cookies) Use 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) Use 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

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