Homework Answers
CPI in the year 2009 is 50 x 3 = 150 for ice cream and 25 x 6 = 150 for pies, total CPI is $300.
CPI of the year 2010 $4 x 50 = 200 and for pie it is 6 x 25 = 150 .Total CPI = 350.
Inflation will be (( 350 -300 ) / 300) x 100 = 16.6%. The answer is "D" none of the above.
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A country produces only ice cream and pic. Quantities and prices of these goods for the...
Q6The country of Caspir produces only cereal and milk. Quantities and prices of these goods for...
Q6The country of Caspir produces only cereal and milk. Quantities and prices of these goods for the last several years are shown below. The base year is 2008. Prices and Quantities Year Price of Cereal Quantity of Price of Milk Quantity of Cereal Milk 2008 $4.00 $1.50 150 2009 $4.00 100 $2.00 180 2010 $5.00 $2.50 2011 $6.00 150 $3.50 90 200 200 Refer to Table 10-4. In 2008, this country's nominal GDP was greater than real GDP, and the...
The country of Aruba produces only cakes and coffee. Quantities and prices of these goods for...
The country of Aruba produces only cakes and coffee. Quantities and prices of these goods for the last couple of years are shown below. The base year is 2012 count Year Price of Cake Quantity of Cake Price of Coffee Quantity of Coffee mboard 2012 $4 100 $1.50 120 $2.00 ourses 2013 2014 $4 $5 $ 2.50 2015 $6 $ 3.50 lendar E Inbox Refer to the above table: In 2014 country's real GDP was $ 670 and GDP deflator...
Firms become optimistic about the future and, as a result, they plan to increase their purchases...
Firms become optimistic about the future and, as a result, they plan to increase their purchases of new equipment and construction of new factories. QUESTION 24 Table 23-6 The table below contains data for the country of Batterland, which produces only waffles and pancakes. The base year is 2009. Year 2008 2009 2010 2011 Price of Waffles $2.00 $2.00 $2.00 $4.00 Prices and Quantities Quantity of Price of Waffles Pancakes 100 $1.00 120 $2.00 150 $3.00 180 $3.00 Quantity of...
#49 Answer is C, but why? I don't understood how they got there. Please walk me...
#49
Answer is C, but why? I don't understood how they got there.
Please walk me through the steps carefully plus the concepts I need
to understand; what would you recommend I review to ensure I'll be
able to answer these type of questions on my own next time?
Table 23-6 The table below contains data for the country of Batterland, which produces only waffles and pancakes. base year is 2009 The Prices and Quantities Year 2008 2009 2010 2011...
@ Consider an economy that only produces two goods: strawberries and cream. Use the table below...
@ Consider an economy that only produces two goods: strawberries and cream. Use the table below to compute the nominal GDP, real GDP, the GDP deflator for each year, and the inflation rate. The year 2015 is the base year. SHOW ALL WORK. Year Price of strawberries (per pint) The number of strawberries (pints) Price of cream (per pint) The quantity of cream (pints) 2015 $3.00 100 $2.00 200 2016 $4.00 125 $2.50 400 2017 $5.00 150 $3.00 500 @...
Imagine that a country produces only three goods: apples, bananas, and carrots. The quantities produced and...
Imagine that a country produces only three goods: apples,
bananas, and carrots. The quantities produced and the prices of the
three goods are listed below.
Imagine that a country produces only three goods: apples, bananas, and carrots. The quantities produced and the prices of the three goods are listed below. Quantities Produced Goods Apples Bananas Carrots Price $2.00 1.50 1.00 12 26 Instructions: Round your answers to 2 decimal places. a. What is this country's GDP? b. Suppose that a...
Imagine that a country produces only three goods: apples, bananas, and carrots. The quantities produced and...
Imagine that a country produces only three goods: apples, bananas, and carrots. The quantities produced and the prices of the three goods are listed below. Goods Quantities Produced Price Apples Bananas 10 $2.00 1.00 1.50 Carrots 28 Instructions: Round your answers to 2 decimal places a. What is this country's GDP? $ b. Suppose that a drought hits the country, causing the quantity of apples produced to fall to 6. Assuming that all prices remain constant, what is this country's...
(8) The country described in the table below produces and consumes only three goods: ice cream,...
(8) The country described in the table below produces and
consumes only three goods: ice cream, chocolate cake, and t-shirts.
The quantity produced and price of each good in 2016 and 2017 are
provided.
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Thank you for helping me Question 46 (2 points) The country of Panem produces only bow...
Thank you for helping me
Question 46 (2 points) The country of Panem produces only bow and arrow. Quantities and prices of these goods for the last several years are shown below. The base year is 2010. Prices and Quantities Year Price of Bow Quantity of Bow Price of Arrow Quantity of Arrow 2010 $10.00 200 $3.50 380 2011 $10.00 220 $5.00 400 2012 $11.00 250 $5.50 400 2013 $12.00 280 $6.50 440 What is the inflation rate in 2013?...
Q6The country of Caspir produces only cereal and milk. Quantities and prices of these goods for the last several years are shown below. The base year is 2008. Prices and Quantities Year Price of Cereal Quantity of Price of Milk Quantity of Cereal Milk 2008 $4.00 $1.50 150 2009 $4.00 100 $2.00 180 2010 $5.00 $2.50 2011 $6.00 150 $3.50 90 200 200 Refer to Table 10-4. In 2008, this country's nominal GDP was greater than real GDP, and the...
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Firms become optimistic about the future and, as a result, they plan to increase their purchases of new equipment and construction of new factories. QUESTION 24 Table 23-6 The table below contains data for the country of Batterland, which produces only waffles and pancakes. The base year is 2009. Year 2008 2009 2010 2011 Price of Waffles $2.00 $2.00 $2.00 $4.00 Prices and Quantities Quantity of Price of Waffles Pancakes 100 $1.00 120 $2.00 150 $3.00 180 $3.00 Quantity of...
#49
Answer is C, but why? I don't understood how they got there.
Please walk me through the steps carefully plus the concepts I need
to understand; what would you recommend I review to ensure I'll be
able to answer these type of questions on my own next time?
Table 23-6 The table below contains data for the country of Batterland, which produces only waffles and pancakes. base year is 2009 The Prices and Quantities Year 2008 2009 2010 2011...
Imagine that a country produces only three goods: apples,
bananas, and carrots. The quantities produced and the prices of the
three goods are listed below.
Imagine that a country produces only three goods: apples, bananas, and carrots. The quantities produced and the prices of the three goods are listed below. Quantities Produced Goods Apples Bananas Carrots Price $2.00 1.50 1.00 12 26 Instructions: Round your answers to 2 decimal places. a. What is this country's GDP? b. Suppose that a...
Imagine that a country produces only three goods: apples, bananas, and carrots. The quantities produced and the prices of the three goods are listed below. Goods Quantities Produced Price Apples Bananas 10 $2.00 1.00 1.50 Carrots 28 Instructions: Round your answers to 2 decimal places a. What is this country's GDP? $ b. Suppose that a drought hits the country, causing the quantity of apples produced to fall to 6. Assuming that all prices remain constant, what is this country's...
(8) The country described in the table below produces and
consumes only three goods: ice cream, chocolate cake, and t-shirts.
The quantity produced and price of each good in 2016 and 2017 are
provided.
Price 2016 Quantity 150 600 2017 Quantity 170 Price $22 $1.50 $20 $2 Good t-shirts Ice cream (scoops Chocolate cake (slices) 600 1.200 $2.25 1.100 $3 a. What is nominal GDP for 2016? b. What is nominal GDP for 2017? C. Assuming that 2017 is the...
Thank you for helping me
Question 46 (2 points) The country of Panem produces only bow and arrow. Quantities and prices of these goods for the last several years are shown below. The base year is 2010. Prices and Quantities Year Price of Bow Quantity of Bow Price of Arrow Quantity of Arrow 2010 $10.00 200 $3.50 380 2011 $10.00 220 $5.00 400 2012 $11.00 250 $5.50 400 2013 $12.00 280 $6.50 440 What is the inflation rate in 2013?...
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