Question 18 HomeworkUhansweed Due Mar 22nd, 11:59 PM Refer to TABLE1. In 2010, this country's real GDP was: TABLE 1. The table below contains data for the country of Batterland, which produces only waffles and pancakes. The base year is 2013. Price of Waffles Quantity of Waffles $2.00 $2.00 $2.00 $4.00 Year Price of Pancakes Quantity of Pancakes $1.00 $2.00 $3.00 $3.00 2010 2011 80 100 100 120 2012 120 150 2013 150 200 Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer S620 $260

Question 18 HomeworkUhansweed Due Mar 22nd, 11:59 PM Refer to TABLE1. In 2010, this country's real GDP was: TABLE 1. The table below contains data for the country of Batterland, which produces only waffles and pancakes. The base year is 2013. Price of Waffles Quantity of Waffles $2.00 $2.00 $2.00 $4.00 Year Price of Pancakes Quantity of Pancakes $1.00 $2.00 $3.00 $3.00 2010 2011 80 100 100 120 2012 120 150 2013 150 200 Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer S620 $260

Brief Principles of Macroeconomics (MindTap Course List)

8th Edition

ISBN:9781337091985

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter5: Measuring A Nation's Income

Section: Chapter Questions

Problem 12PA

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able 1 contains price and quantity information for two products produced by Apple,the iPhone and Apple Watch for 2016 and 2017. Let’s assume that they were producedin the United States.Table 1: Apple Products 2016 2017 Price Quantity Price QuantityiPhone $1,200 300 $1,250 400Apple Watch $500 800 $650 850 Calculate the amount contributed by Apple to nominal U.S. GDP from the salesof the two products in 2016 and 2017. Calculate the amount contributed by Apple to real U.S. GDP from the sales ofthe two products in 2016 and 2017. Determine the growth rate of nominal GDP (if Apple were the entire economy). Determine the growth rate of real GDP (if Apple were the entire economy). Use the shortcut you learned to convert between real and nominal growth ratesto determine the growth rate of prices. Is the increase in nominal GDP due to a change in…
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Year 2001 2002 2003 2004 2005 Output Price Nom. GDP Real GDP 50 $23.00 $1,150.00 $1,350.00 52 $ 27.00 $1,404.00 $1,404.00 53 $ 30.00 $1,590.00 $1,431.00 51 $ 34.00 $1,734.00 $1,377.00 56 $31.00 $1,736.00 $1,512.00 Was the economy better off in 2003 or 2004? Explain
Question 1. FTable 1: Quantity Produced and Price of Good Price of an automobile Quantity of automobile produced 100 Price of a loaf of bread Quantity of breads produced Year 2000 Year 2010 $60,000 120 $20 400,000 Suppose an economy produces and consumes only bread and automobiles. The table above includes data for two different years. Using the year 2000 as the base year, compute the following statistics for each year: nominal GDP, real GDP, GDP price deflator, and the CPI. |S50,000 $10 500,000
14. soru (5.00 puan) year Good A Good B Litres of water Kilos of apples PAXQA Pg X Qs 2018 26 X 100 36 X 400 2019 36 X 200 46 X 500 2020 4e X 300 6t X 600 Let P = the per-unit market price; Q, = the number of units produced and sold of each of the final goods produced within the nation, in a given year (ie. GDP). Let 2019 be the base year. The value of the GDP deflator (which is a price index) in each year is: OA) 2018: 1.00 (or 100); 2019: 1.37 (or 137); 2020: 2.00 (or 200) B) 2018: 2.00 (or 200); 2019: 3.00 (or 300); 2020: 4.00 (or 400) C) 2018: 0.50 (or 50); 2019: 0.68 (or 68); 2020: 1.00 (or 100) D) 2018: 0.74 (or 74); 2019: 1.00 (or 100): 2020: 1.45 (or 145) E) 2018: 3.00 (or 300); 2019: 4.00 (or 400): 2020: 5.00 (or 500)
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