Question: Please answer and explain how you got to your answer asap. The country of Myrule has produced the following quantity of milk and butter, with

 Please answer and explain how you got to your answer asap.

Please answer and explain how you got to your answer asap.

The country of Myrule has produced the following quantity of milk and

The country of Myrule has produced the following quantity of milk and butter, with the price of each listed in dollar terms. Quantities are in gallons and prices are in dollars. Year 1 Year 2 Good Quantity Price Quantity Price Milk 500 900 Butter 2000 3000 In the space below, use the information in the Table above to and the following questions. Show all your work. [Each is 4 points] 1. What is the percent growth in nominal GDP between Year 1 and Year 2? 2. Using Year 1 and the base year, what is the percent change in real GDP between Year 1 and Year 2? 3. Using Year 1 and the base year, what is the percent change in the GDP deflator between Year 1 and Year 2

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