An economy has two goods: beer and pretzels. The following two tables list the prices and quantities for 2020 and 2021 along with nominal GDP, real GDP, and the GDP deflator.(Express your answer to two decimal points.)Year Good Price Quantity2020 Beer $4.00 2,000  Pretzels $3.00 ??2021 Beer $4.50 2,500  Pretzels ?? 6,000Year Nominal GDP Real GDP GDP Deflator (2020=1)2020 $23,000.00 $23,000.00 1002021 ?? $28,000.00 1.2059What is the price of pretzels in 2021?(Round your answer to two decimal points.)

Year Good Price Quantity2020 Beer $4.00 2,000  Pretzels $3.00 ??2021 Beer $4.50 2,500  Pretzels ?? 6,000Year Nominal GDP Real GDP GDP Deflator (2020=1)2020 $23,000.00 $23,000.00 1002021 ?? $28,000.00 1.2059What is the price of pretzels in 2021?

Use the data in the table to answer the question.  2020 2021  Price Quantity Price QuantitySmartphones $500 75 $750 100Smart TVs $200 100 $380 150An economy's GDP consists only of smartphones and smart TVs. Based on the data in the table, what was the difference between the economy’s nominal GDP in 2020 and 2021?The difference in nominal GDP between these two years was $

There are only two goods produced in "Economicsland", food and clothing and 2020 is the base year. In 2020, 20 units of food are produced at a price of $10/unit and 15 units of clothing are produced at $25/unit. In 2021, 25 units of food are produced at a price of $15/unit and 20 units of clothing are produced at $30/unit. What is the real GDP in the second year (2021)?Multiple choice question.$800$750$975$575

The following table shows some data for an economy that produces only two goods: milk and honey. YearMilkHoneyPriceQuantityPriceQuantity(Dollars)(Quarts)(Dollars)(Quarts)2020 8 144 6 1212021 7 133 7 1412022 12 169 19 160What is the real GDP in 2022, using 2020 as the base year.

Consider the following table:The economy in the base year 2018 produced:Item Quantity PriceCoffee 20 cups $3 per cupPizza 22 pizzas $10 per pizzaBeer 40 litres $3 per litreIn 2019 the same economy produced:   Item Quantity PriceCoffee 24 cups $2 per cupPizza 25 pizzas $9 per pizzaBeer 42 litres $3.50 per litre                Which of the following is the rate of consumer price inflation and real GDP growth between 2018 and 2019?Group of answer choicesCPI inflation is -6.25% and real GDP growth is 11.1%CPI inflation is 11.1% and real GDP growth is -6.25%CPI inflation is 12% and real GDP growth is -5.5%CPI inflation is -5.5% and real GDP growth is 12%CPI inflation is -5.5% and real GDP growth is 10%