Question: Use the table below to answer question 2 and 3. Year Quantity of Cars Price of Cars Nominal GDP Real GDP (use 2010 as a
Use the table below to answer question 2 and 3.
| Year | Quantity of Cars | Price of Cars | Nominal GDP | Real GDP (use 2010 as a base year) |
| 2010 | 15 | $20,000 |
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| 2011 | 17 | $26,000 |
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| 2012 | 19 | $29,000 |
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| 2013 | 25 | $33,000 |
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| 2014 | 29 | $35,000 |
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- _______________________ is the sum of the quantities of final goods produced times their current prices.
- What is the real GDP in 2011? _________________________________________________
- What is the normal GDP for the year 2014? _______________________________________
- The labor force is the sum of __________________________ and _____________________
- The ratio of the number of people who are unemployed to the number of people in the labor force is called ______________________________________________________________
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