Data from the land of milk and honey year price of milk


data from the land of milk and honey:

year price of milk quantity of milk price of honey quantity of honey
2010 $1 100 quarts $2 50 quarts
2011 $1 200 quarts $2 100 quarts
2012 $2 200 quarts $4 100 quarts

compute nominal GDP, real GDP, and the GDP deflator for each year, using 2010 as the base year.

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Econometrics: Data from the land of milk and honey year price of milk
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