Homework Answers
Real GDP is calculated with multiplication of base year price and 2010’s quantity.
Real GDP of 2010 = ($4 × 80) + ($3 × 100)
= 320 + 300
= $620
Answer: 1st option
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QUESTION 8 10 points Save Answer The table below contains data for the country of Batterland,...
Please explain how you got the percentages Thank you Table 23-6 The table below contains data...
Please explain how you got the percentages
Thank you
Table 23-6 The table below contains data for the country of Batterland, which produces only waffles and pancakes. The base year is 2013. Price of Waffles $%2.00 $2.00 $2.00 $4.00 Quantity of Waffles 80 100 Price of Pancakes $1.00 $2.00 $3.00 $3.00 Quantity of Pancakes 100 120 150 200 Year 2010 2011 2012 2013 150 13. Refer to Table 23-6. From 2012 to 2013, this country's output grew a. 28.2%. b,...
Needs to answer question 5 with providing an explanation Table 23-6 (PLEASE ORGANIZE YOUR MATH WORK...
Needs to answer question 5 with providing an
explanation
Table 23-6 (PLEASE ORGANIZE YOUR MATH WORK CAREFULLY and NEATLY) The table below contains data for the country of Batterland, which produces only waffles and pancakes. The base year is 2013. Prices and Quantities Price of Quantity of Quantity of Price of Pancakes Year Waffles Waffles Pancakes 2010 $2.00 $1.00 100 2011 $2.00 $2.00 120 2012 $2.00 120 $3.00 150 2013 $4.00 150 $3.00 200 80 100 4. Refer to Table...
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...
Circle the letter that correspond the best suitable answer: The table below contains data for a...
Circle the letter that correspond the best suitable answer: The table below contains data for a country, which produces only X and Y. The base year is 2010. Year Price of X Q of X Price of Y Q of Y N GDP R GDP Def 2010 $3.00 90 $1.00 150 2011 $4.00 100 $2.00 180 2012 $5.00 120 $3.00 200 Refer to Table. Inflation rate from 2011 to 2012 a. 14.28% c. 35.33%. b. 16.66%. d. 58.33%.
#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...
The table below contains data for the country of Dachsland, which produces only pretzels and books....
The table below contains data for the country of Dachsland, which produces only pretzels and books. The base year is 2005. Year Price of Pretzels Quantity of Pretzels Price of Books Quantity of Books 2005 2006 2007 2008 $4.00 $4.00 $5.00 $6.00 90 100 120 150 $1.50 $2.00 $2.50 $3.50 150 180 200 200 Dachsland's real GDP grew A. 29.9% from 2005 to 2006. B. 33.3% from 2006 to 2007. C. 24.3% from 2006 to 2007. D. 15.4% from 2007...
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...
Use the following table for a hypothetical single-product economy. Assume that 2010 is the base year....
Use the following table for a hypothetical single-product economy. Assume that 2010 is the base year. YEAR Quantity Price per unit Price Index Nominal GDP Real GDP 2010 100 10 2011 120 20 2012 125 25 2013 130 30 2014 140 40 2015 150 50 2016 200 55 2017 205 60 Complete the table by calculating the Price index, Nominal GDP and Real GDP.
Table of data for Fisherville. The base year is 2010. GDP Deflator 100 120 150 200...
Table of data for Fisherville. The base year is 2010. GDP Deflator 100 120 150 200 Year 2010 2011 2012 2013 Nominal GDP $2000 $3000 $3750 $6000 22. Use the above table for Fisherville. What is the rate of inflation across the entire period from 2010-2013? a. b. с. d. 100% 25% 20% None of the above 23. Use the above table for Fisherville to answer the following question. Which of the following is NOT correct? a. This economy experienced...
Please explain how you got the percentages
Thank you
Table 23-6 The table below contains data for the country of Batterland, which produces only waffles and pancakes. The base year is 2013. Price of Waffles $%2.00 $2.00 $2.00 $4.00 Quantity of Waffles 80 100 Price of Pancakes $1.00 $2.00 $3.00 $3.00 Quantity of Pancakes 100 120 150 200 Year 2010 2011 2012 2013 150 13. Refer to Table 23-6. From 2012 to 2013, this country's output grew a. 28.2%. b,...
Needs to answer question 5 with providing an
explanation
Table 23-6 (PLEASE ORGANIZE YOUR MATH WORK CAREFULLY and NEATLY) The table below contains data for the country of Batterland, which produces only waffles and pancakes. The base year is 2013. Prices and Quantities Price of Quantity of Quantity of Price of Pancakes Year Waffles Waffles Pancakes 2010 $2.00 $1.00 100 2011 $2.00 $2.00 120 2012 $2.00 120 $3.00 150 2013 $4.00 150 $3.00 200 80 100 4. Refer to Table...
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...
The table below contains data for the country of Dachsland, which produces only pretzels and books. The base year is 2005. Year Price of Pretzels Quantity of Pretzels Price of Books Quantity of Books 2005 2006 2007 2008 $4.00 $4.00 $5.00 $6.00 90 100 120 150 $1.50 $2.00 $2.50 $3.50 150 180 200 200 Dachsland's real GDP grew A. 29.9% from 2005 to 2006. B. 33.3% from 2006 to 2007. C. 24.3% from 2006 to 2007. D. 15.4% from 2007...
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 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...
Use the following table for a hypothetical single-product economy. Assume that 2010 is the base year. YEAR Quantity Price per unit Price Index Nominal GDP Real GDP 2010 100 10 2011 120 20 2012 125 25 2013 130 30 2014 140 40 2015 150 50 2016 200 55 2017 205 60 Complete the table by calculating the Price index, Nominal GDP and Real GDP.
Table of data for Fisherville. The base year is 2010. GDP Deflator 100 120 150 200 Year 2010 2011 2012 2013 Nominal GDP $2000 $3000 $3750 $6000 22. Use the above table for Fisherville. What is the rate of inflation across the entire period from 2010-2013? a. b. с. d. 100% 25% 20% None of the above 23. Use the above table for Fisherville to answer the following question. Which of the following is NOT correct? a. This economy experienced...
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