Imagine that a hypothetical economy produces three items food, clothes and Aluminum and a typical consumer buys food and clothing only. The table below shows the hypothetical results. Item Food Price/unit (2009) Tk. 5 Qty (2009) 100 Price/unit (2008) Tk. 20 Clothes Tk. 100 5 Tk. 400 Aluminum Tk. 200 2 Tk. 800 Base year: 2008 Question Qty (2008) 400 20 80 a) Calculate GDP Deflator of 2009. b) Calculate the Growth rate of real GDP of 2009.
Imagine that a hypothetical economy produces three items food, clothes and Aluminum and a typical consumer buys food and clothing only. The table below shows the hypothetical results. Item Food Price/unit (2009) Tk. 5 Qty (2009) 100 Price/unit (2008) Tk. 20 Clothes Tk. 100 5 Tk. 400 Aluminum Tk. 200 2 Tk. 800 Base year: 2008 Question Qty (2008) 400 20 80 a) Calculate GDP Deflator of 2009. b) Calculate the Growth rate of real GDP of 2009.
Chapter1: Introducing The Economic Way Of Thinking
Section1.A: Applying Graphs To Economics
Problem 2SQP
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Imagine that a hypothetical economy produces three items food, clothes and Aluminum and a typical consumer buys food and clothing only. The table below shows the hypothetical results.
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