The following table shows some data for an economy that produces only two goods: milk and...

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The following table shows some data for an economy that produces only two goods: milk and honey. Price Year (Dollars) 2020 2021 2022 Year 2020 2021 Milk 2 2022 The following table shows nominal GDP, real GDP, and the GDP deflator for each year listed. Honey Quantity Price Quantity (Quarts) (Dollars) (Quarts) 200 2 100 400 2 200 400 200 Nominal GDP Real GDP (Dollars) 400 800 1.600 (Dollars) GDP Deflator 400 800 800 100 100 200 The following table shows nominal GDP, real GDP, and the GDP deflator for each year listed. Year 2020 2021 2022 Nominal GDP Real GDP (Dollars) (Dollars) 400 400 800 800 1,600 800 GDP Deflator 100 100 200 Compute the percentage change in nominal GDP, real GDP, and the GDP deflator in 2021 and 2022 from the preceding year. Percentage Change In... Year Nominal GDP Real GDP GDP Deflator 2021 2022 From 2020 to 2021, did not change; and from 2021 to 2022, Comparing the changes in 2021 and 2022, economic well-being increased more in did not change. The following table shows some data for an economy that produces only two goods: milk and honey. Price Year (Dollars) 2020 2021 2022 Year 2020 2021 Milk 2 2022 The following table shows nominal GDP, real GDP, and the GDP deflator for each year listed. Honey Quantity Price Quantity (Quarts) (Dollars) (Quarts) 200 2 100 400 2 200 400 200 Nominal GDP Real GDP (Dollars) 400 800 1.600 (Dollars) GDP Deflator 400 800 800 100 100 200 The following table shows nominal GDP, real GDP, and the GDP deflator for each year listed. Year 2020 2021 2022 Nominal GDP Real GDP (Dollars) (Dollars) 400 400 800 800 1,600 800 GDP Deflator 100 100 200 Compute the percentage change in nominal GDP, real GDP, and the GDP deflator in 2021 and 2022 from the preceding year. Percentage Change In... Year Nominal GDP Real GDP GDP Deflator 2021 2022 From 2020 to 2021, did not change; and from 2021 to 2022, Comparing the changes in 2021 and 2022, economic well-being increased more in did not change.