price

  1.   
SHORT ANSWER (200 words or less): Consider the price index above. What are the values for A, B, and C? Was there inflation from 2006 to 2009? If the price changes above occurred for all goods across the economy during the four year period, explain how nominal GDP and real GDP would differ.
 

1.

SHORT ANSWER (200 words or less): Consider the price index above.
What are the values for A, B, and C? Was there inflation from 2006 to 2009?
If the price changes above occurred for all goods across the economy during
the four year period, explain how nominal GDP and real GDP would differ.