Donna Frank decides to sell her home using an open listing, which she sends to dozens of brokers in the area. It takes a few months, but since the market is hot and the home is relatively new, with many improvements that increase the value, she eventually is contacted by a Broker Mike Donovan with a willing and able buyer. During the walk-through, the buyer gives Donna his business card, and contacts Donna. They agree on a sales price and decided to circumvent the broker who facilitated the sale. Is Donna liable for commission owed to Mike

5. real versus nominal gdp consider a simple economy that produces two goods: cupcakes and muffins. the following table shows the prices and quantities of the goods over a three-year period. year cupcakes muffins price quantity price quantity (dollars per cupcake) (number of cupcakes) (dollars per muffin) (number of muffins) 2014 2 115 5 175 2015 4 150 2 180 2016 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 2014, dollars) 2014 2015 2016 from 2015 to 2016, nominal gdp , and real gdp . the inflation rate in 2016 was . why is real gdp a more accurate measure of an economy's production than nominal gdp? real gdp does not include the value of intermediate goods and services, but nominal gdp does. real gdp measures the value of the goods and services an economy produces, but nominal gdp measures the value of the goods and services an economy consumes. real gdp is not influenced by price changes, but nominal gdp is.