Question

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%.

0 0
Add a comment Improve this question Transcribed image text
Answer #1

Gop deplator (def) = AM GODE NGOP RGPP X100 Gop d 2011 1760 X100 (480 ? 158. 34 → Gopd 2012 1200 560 Jx100 214.28 → Inflation

Add a comment
Know the answer?
Add Answer to:
Circle the letter that correspond the best suitable answer: The table below contains data for a...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • QUESTION 8 10 points Save Answer The table below contains data for the country of Batterland,...

    QUESTION 8 10 points Save Answer The table below contains data for the country of Batterland, which produces only waffles and pancakes. The base year is 2013. Year Price of Quantity of Waffles Price of Pancakes Waffles Quantity of Pancakes 80 $1.00 $2.00 2010 2011 2012 2013 $2.00 $2.00 $2.00 $4.00 100 120 150 100 120 150 200 $3.00 $3.00 In 2010, this country's real GDP was O $620 O $630 O $400 O $260

  • 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...

  • 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,...

  • (a) Does the data on Cambodia's GDP per capital in the table correspond approximately to a...

    (a) Does the data on Cambodia's GDP per capital in the table correspond approximately to a linear function, an exponential function, or neither? Year GDP capita (S/person) 2010 2011 2012 2013 2014 2015 782.7 824.8 870.5 920.3 969.3 1020.9 The data approximately corresponds to (Click for List) a linear function an exponential function (b) Find a formula to approximate G neither a linear nor an exponential function 3 decimal places We have Q hel, in years since 2010. Round your...

  • 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...

  • Assume that an economy produces only three goods; Computers, cars, and pizza. Table 1 gives the price and quantity for each good and the number of employed and unemployed individuals for the years 2010-2013. Table 2 gives the fixed basket used for calcula

    Assume that an economy produces only three goods; Computers, cars, and pizza. Table 1 gives the price and quantity for each good and the number of employed and unemployed individuals for the years 2010-2013. Table 2 gives the fixed basket used for calculating the CPI. Assume that the base year is 2011 and show your work! Table 1 - Price and Quantity of Goods Sold in 2010-2013 2010 2011 2012 2013 P Q P O P Q 25 Computers Cars...

  • @ 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 @...

  • 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...

  • Based on the table below, calculate nominal GDP real GDP, the GDP deflator, and the infation...

    Based on the table below, calculate nominal GDP real GDP, the GDP deflator, and the infation rate in each year and fill in the missing parts of the table Use 2010 as the base year Instructions: Round nominal and real GDP values to two decimal places. Round GDP deflator and inflation rate values to the nearest whole number Quantity Price of Quantity Price of Real GOP ($) GOP deflator Inflation rate (%) Year of orange of beach beach ball GDP...

  • The table below gives the CPI and the price of gasoline per gallon in the fictitious...

    The table below gives the CPI and the price of gasoline per gallon in the fictitious country "Alpha' between 2010 and 2015. For each year find the percent change in the price of gasoline from the previous year's price, the CPI Inflation rate, and the change in the relative price of gasoline. Instructions: Enter your responses rounded to one decimal place. If you are entering any negative numbers be sure to include a negative sign() in front of those numbers....

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT