1988 1989
Quantity
Price ($)
Quantity Price ($)
Milk
10
1.00
15
1.20
Butter
8
0.50
20
0.50
Eggs
8
0.25
4
1.00
The table above gives the prices and quantities for a hypothetical country that only
produces milk, butter, and eggs. With 1988 as the base year, what is the Real GDP
in 1989?
(1 point)
$16
O $24
$26
O $32
okay

What are consequences of rapid inflation? (select all that apply.) savings accounts become less desirable because interest earned is lower than inflation individual purchasing power increases, which results in an increase in demand. individual purchasing power decreases, which results in a decrease in demand. people postpone purchasing expensive items, such as homes, until prices drop.