Year Cupcakes Envelopes
Price Quantity Price Quantity
(Dollars per cupcake) (Number of cupcakes) (Dollars per envelope) (Number of envelopes)
2012 2 115 5 175
2013 4 150 2 180
2014 1 100 2 160

Use the information from the preceding table to fill in the following table.

Year Nominal GDP Real GDP GDP Deflator
(Dollars) (Base year 2012, dollars)
2012
2013
2014

From 2013 to 2014, nominal GDPdecreased , and real GDPdecreased .

The inflation rate in 2014 was .

Why is real GDP a more accurate measure of an economy's production than nominal GDP?
a. Real GDP is not influenced by price changes, but nominal GDP is.
b. Real GDP does not include the value of intermediate goods and services, but nominal GDP does.
c. Real GDP includes the value of exports, but nominal GDP does not.

The chart shows the pricing history for two items. which person saved the most money by buying a product at the right time? carrie, who waited six months to buy a game system timothy, who bought a game system right away because it was popular eugene, who bought a phone immediately for fear they would sell out marlene, who waited six months to buy a phone

Walmart’s scm system walmart is famous for its low prices, and you may have experienced its low prices first-hand. at least, you have probably seen its motto, “always low prices— always.” one of the biggest reasons walmart is able to sell at prices lower than almost everyone else is that it has a superefficient supply chain. its it-enabled supply chain management system is the envy of the industry because it drives excess time and unnecessary costs out of the supply chain. so, because walmart can buy low, it sells low. as a matter of fact, if your company wants to sell items to walmart for it to sell in its stores, you will have to do business with it electronically. if your company can’t do that, walmart won’t buy anything from you. log on to walmart’s web site (), search for supplier information, and find out what walmart’s requirements are for its suppliers to do business with it electronically. prepare a brief summary of its requirements for presentation in clas

Select the word from the list that best fits the definition sometimes