Microeconomics: Principles, Applications, and Tools (8th Edition)

Published by Prentice Hall
ISBN 10: 0-13294-886-9
ISBN 13: 978-0-13294-886-9

Chapter 2 - The Key Principles of Economics - Exercises - 2.5 The Real-Nominal Principle - Page 47: 5.8a

Answer

basket 130% manufacturing 117% professional services 136% hospitality 122% information 121%

Work Step by Step

$\frac{189-82}{82}\times100=\frac{107}{82}\times100=1.30\times100=130$ $\frac{16.34-7.52}{7.52}\times100=\frac{8.82}{7.52}\times100=1.17\times100=117$ $\frac{17.69-7.48}{7.48}\times100=\frac{10.21}{7.48}\times100=1.36\times100=136$ $\frac{9.01-4.05}{4.05}\times100=\frac{4.96}{4.05}\times100=1.22\times100=122$ $\frac{21.70-9.83}{9.83}\times100=\frac{11.87}{9.83}\times100=1.21\times100=121$
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