Question 1 (1 point) The table below shows total output for an economy over 3 years. Money Real Year GDP* Deflator GDP** 2013 $ 105 $760 000 2014 $820 000 106 $ 2015 $855 000 $800 000 * millions of dollars ** real GDP measured in millions of 2007 dollars TABLE 20-7 Refer to Table 20-7. The nominal Gross Domestic Product in 2013 was () $700 000. () $820 000. () $724 000. () $798 000. (") $774 000. 1000 800 600 400 Nominal and Real GDP (billions of dollars) 200 1990 1995 2000 2005 2010 Years FIGURE 20-1 Refer to Figure 20-1. Which of the following years was used as the base year for constructing real GDP? () 1995 () 2000 () 2005 () 2003 (e) 2010 1000 7 800 600 Nominal and Real GDP (billions of dollars) 0+ 1990 1995 2000 2005 2010 Years FIGURE 20-1 Refer to Figure 20-1. Nominal GDP increased by approximately ________ % between 2000 and 2005. ()85 () 100 () 65 ()45 ()20 Question 2 (1 point) Consider the following information describing a closed economy with no government and where aggregate output is demand determined. All dollar figures are in billions. the equilibrium conditionis Y=C +/ the marginal propensity to save = 0.25 the autonomous part of C is $30 investment is autonomous and is $40 W TABLE 21-4 Refer to Table 21-4. At the equilibrium level of national income, desired saving ($billions) will be () $200. () $240. () zero. ) $70. () $40