Question

16. < Previous Next > in such a You answered 1 out of 3 parts. Some of your answers will be scored later. The economy of Lykesville produces Peppers, Tomatoes, and Potatoes. Below are the prices and quantities of these products produced between 2003 and 2005: 6 1 12 sad to an incre 17 18 Year 2003 2003 2004 2004 2005 2005 Price Quantity Price Quantity Price Quantity Peppers $0.8 7 $1.2 3 $1.5 5 Tomatoes $1.8 3 $1 8 $1.8 8 Potatoes $1.1 11 $1.8 10 $1.3 10 23 24 automatically Calculate Lykesville's nominal GDP in 2005. 34.9 imers directs the Calculate Lykesville's real GDP in 2005, using 2003 as the base year. ned by Calculate the deflator for 2005 inutes remaining 1526151 MacBook Air 80 889 * @ 2 $ 4 ) 3 % 5 & 7 6 8 9 0 Q W E R т •Y U O Р A S D F G H J к L N X Х C V > B N M

Answer 1

Lykesvetle's Nomenap Qop en 2005 = E Poos 2005 1.515)+1.818) +1-3(10) 7.54 14.4t 13.0 = 139.9 Lykerelle's Real GDP Eu 2005 Using 2003 as base prece E Pb 82005 =E P2003 82005 = 0.8(5)+ 1.8(8)+ Lil (10) 4.0+ 4.5+ Il = 129.4 deflafor for 2005 → Nominal Gop X100 Real GDP 34.9 X100=148.70 29.4