Total Consumption (in Actual Dollars) Thalllum Unit Value (S/ton) Apparent Consumption 793,000 808,000 Year Production Imports Exports 2004 685,000 150,000 42,000 31.90 $25,296,700 2005 711,000 144,000 47,000 33.40 $26,987,200 2006 672,000 180,000 43,000 809,000 33.80 $27,344,200 2007 588,000 175,000 43,000 720,000 36.30 $26,136,000 2008 521,000 224,000 42,000 703,000 36.50 $25,659,500 2009 493,000 245,000 37,000 701,000 38.00 $26,638,000 2010 508,000 238,000 37,000 709,000 41.00 $29,069,000
Total Consumption (in Actual Dollars) Thalllum Unit Value (S/ton) Apparent Consumption 793,000 808,000 Year Production Imports Exports 2004 685,000 150,000 42,000 31.90 $25,296,700 2005 711,000 144,000 47,000 33.40 $26,987,200 2006 672,000 180,000 43,000 809,000 33.80 $27,344,200 2007 588,000 175,000 43,000 720,000 36.30 $26,136,000 2008 521,000 224,000 42,000 703,000 36.50 $25,659,500 2009 493,000 245,000 37,000 701,000 38.00 $26,638,000 2010 508,000 238,000 37,000 709,000 41.00 $29,069,000
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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The following table represents the thallium production and apparent consumption in the United States for the years 2004 through 2010. Unit value is the value in actual dollars of one metric ton (t) of thallium apparent consumption. With 2004 as the base year, adjust the unit value in actual U.S. dollars to the unit value in constant 2004 U.S. dollars (2004$).
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