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on 212 Fina X Secure https//bbhosted.cuny.e hjsp?course, assessment id 1087591 1&course; id- 1405646 18content id 3328 Remaining Time: 1 hour, 37 minutes, 37 seconds. Question Completion Status: If a market basket of goods cost $1 of goods cost $125 in the base year and $250 in a lter,the price index in luter year would be corectly expressed as A 125 B 250 O C 50 D.200 QUESTION 19 To measure economic growth one would compute a percentage change in A. Nominal GDP for both years B.Real GDP for both years C.Nominal GDP for one year and real GOP for the next year D Real GOP for two years QUESTION 20 Economic data that refect actual prices as they existed each year are said to be ir A Constant dollars 8 Current dolars

Explanation / Answer

18 ANSWER is 200 as I showed in your other question

250/125 multiplied by 100 =200

19 Answer is real GDP for both years. Nominal GDP may reflect only price rise whereas in reality welfare of people may have declined

Please like both answers so that I can help you in future

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