The following data represent an economy with only three goods: beer, pizza, and Big Macs. OUTPUT PRICES 2020 2021 2020 2021 BEER 8 12 $1.00 $1.50 PIZZA 6 7 $5.00 $5.00 BIG MAC 10 15 $2.00 $1.00 (A) Calculate nominal GDP for 2020 and 2021.
(B) Calculate real GDP for 2021 using 2020 as a base year.
(C) Calculate the percentage change in real GDP from 2020 to 2021.

2b2t

explanation:

2b2t

it's actually a very difficult task, due to not many people can make 2 million dollars in 2 years. besides that, to the not-so-realistic ideas, you can create a business. it could be practically anything, but make it into a business that isn't that known yet, you get me? also, lets not forget about stock market. that's where all the good stuff happens. use investments at the beginning and begin to raise up your business or whatever you're going to do. as this is a very non-realistic idea, it's still worth the shot!

answer; risk transference;