Question

Consider an economy that produces and consumes readymade garments and rice. The following data is showing for 2 different years, 10 Year 2015 Year 2020 Price of a RMG $20 $25 Price of rice (per ton) $571 $625 Quantity of RMG 20000 40000 Quantity of rice produced (Tones) 60 80 Assuming the year 2015 as a base year calculate the following for both years, (i) Nominal GDP (ii) Real GDP (iii) GDP deflator​

Answer 1

Answer:

Both are correct. In AE, in this situation, it is more common to say 'Who took my book?" My book isn't where I left it. So someone must have taken it. Who took it