# 1.         Year     Nominal GDP    GDP Price deflator        Real GDP          Inflation Rate

###### Question:

1.         Year     Nominal GDP    GDP Price deflator        Real GDP          Inflation Rate   Growth Rate

##### If the price elasticity of demand for a good is 0.5 and the percentage change in...
If the price elasticity of demand for a good is 0.5 and the percentage change in its price is 8 percent, the percentage change in its quantity demanded equals _____. a. 4 percent b. 8.5 percent c. 8 percent d. 10.5 percent...