Refer to the following table, what has happened in the economy from 2008 to 2009? 2008...

  

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Refer to the following table, what has happened in the economy from 2008 to 2009? 2008 2009 Nominal GDP $10,000 $12,000 $10,500 Real GDP $9,500 The price level has risen. The price level remained constant. The price level has fallen. Not enough information is availalble to determine what has happened to prices. Question 9 1 pts Sarah buys a house in 1999. She obtains a mortgage that carries an annual interest rate of 12 per cent, and makes payments of $880 per month. The CPI in 1999 is 100, in 2000 it is 110, and in 2001 it is 120. What is the inflation rate in 2001? 9 per cent. 120 per cent. 20 per cent. 10 per cent. ο ο ο Refer to the following table, what has happened in the economy from 2008 to 2009? 2008 2009 Nominal GDP $10,000 $12,000 $10,500 Real GDP $9,500 The price level has risen. The price level remained constant. The price level has fallen. Not enough information is availalble to determine what has happened to prices. Question 9 1 pts Sarah buys a house in 1999. She obtains a mortgage that carries an annual interest rate of 12 per cent, and makes payments of $880 per month. The CPI in 1999 is 100, in 2000 it is 110, and in 2001 it is 120. What is the inflation rate in 2001? 9 per cent. 120 per cent. 20 per cent. 10 per cent. ο ο ο

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2008 2009 Nominal GDP 10000 12000 Real GDP 9500 10500 ... View the full answer