The 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 2015. Prices and Quantities Year 2015 2016 2017 2018 Price of Cereal $4.00 $4.00 $5.00 $6.00 Quantity of Cereal 100 120 150 180 Refer to Table 23-5. In 2017, this country's Price of Milk $1.50 $2.00 $2.50 $3.50 O real GDP was $1250, and the GDP deflator was 138.9. O real GDP was $1250, and the GDP deflator was 128.0. O real GDP was $900, and the GDP deflator was 138.9. O real GDP was $900, and the GDP deflator was 128.0. Quantity of Milk 180 200 200 240
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- 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 2008 2009 2010 2011 Price of Cereal Quantity of Price of Milk Cereal $4.00 $4.00 Refer to Table 10-4. In 2008, this country's $6.00 a. d. 90 120 150 $1.50 $2.00 $2.50 $3.50 b. nominal GDP was equal to real GDP and the GDP deflator was equal to 1 nominal GDP was less than real GDP, and the GDP deflator was less than 100 4. nomunal GDP was equal to real GDP, and the GDP deflator was equal to 100 Q7. Refer to Table 10-4. In 2009, this country's real GDP was $660, and the GDP deflator was 113.4 b. real GDP was S670, and the GDP deflator was 115.2 real GDP was $660, and the GDP deflator was 115.2. real GDP was $670, and the GDP deflator was 113.4. Quantity of Milk 150 a nominal GDP was greater than real GDP and the GDP deflator was greater than 100. 180 200 200D. The table below contains data for the country of Batterland, which produces only waffles and pancakes. The base year is 2009. Year Price Quantity Price of Quanti of of Pancakes of Waffles Waffles Pancak 2008 $2.00 100 $1.00 100 2009 $2.00 120 $2.00 150 2010 $2.0O 150 $3.00 200 2011 $4.00 180 $3.00 220 1. In 2009, this country's nominal GDP was 2. In 2009, this country's real GDP was 3. In 2011, this country's GDP deflator was 4. In 2011, this country's real GDP growth rate was 5. This country's inflation rate in 2011 wasQ6The 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 Milk Cereal 2008 $4.00 90 $1.50 150 2009 $4.00 100 $2.00 180 2010 $5.00 120 $2.50 200 2011 $6.00 150 $3.50 200 Refer to Table 10-4. In 2008, this country's a. nominal GDP was greater than real GDP, and the GDP deflator was greater than 100. b. nominal GDP was equal to real GDP, and the GDP deflator was equal to 1. c. nominal GDP was less than real GDP, and the GDP deflator was less than 100. d. nominal GDP was equal to real GDP, and the GDP deflator was equal to 100,
- Compute the inflation rate for fruit prices from 2001 to 2004.Go to this website (http://www.measuringworth.com/ppowerus/) for the Purchasing Power Calculator at measuringWorth.com. How much money would it take today to purchase what one dollar would have bought in the year of your birth?Agricultural price supports result in governments holding large inventories of agricultural products. Why do you think the government cannot simply give the products away to poor people?
- The table below represents the economy of Bruce, IL which is a small town in Moultrie County Com is grown and only used in the production of beet (as feed) Rifles are produced but only used by government for policing Beef and juice are produced and consumed by all citizens If necessary, use 2012 as your base year Com Rifles Beef Juice Price Quantity Price Quantity Price Quantity Price Quantity 2011 $350 1000 $150 100 $5 100 110 $2 $2 210 2012 $360 $380 700 1100 1200 $175 120 $6 220 2013 $165 140 $6 130 $4 220 150 Yasiel was earming 10% nominal interest from 2011-2012. How much real interest did he earn? 2014 $400 $185 $6 140 $5 200Commodity ROOT CROPS Unit January February March Аpril Мay 119,861 76,868 97.887 62,325 17,883 9,815 31,248 41,805 122,180 79.998 Carrots Kg Kg Kg Kg Kg Kg Kg Kg Kg 32,432 77.983 54.453 Cassava Common Yam Im ported yam Dasheen(Local) Dasheen(Imported) Eddoes (Local) Eddoes (Im ported) Sweet Potatoes (Local) Sweet Potatoes (Im ported) Ginger CONDIMENTS AND SPICES Celery Chive (L) Thyme (s) Hot Peppers (100's) Hot Peppers (40 lb) Shadon Beni Pimento (S) 29,687 4.818 363 16,235 1,906 37.506 57.780 28,321 26,325 19,492 18,210 20,413 4:798 29,952 36,180 23.580 22,770 140,389 40,674 24,887 68,625 30,835 16,560 27,253 12,263 9,280 27,792 36,450 195,121 156,648 125.726 65.380 1,980 6,480 Kg Kg 10,575 4.770 28,117 na 11,076 35.435 37.545 13,818 Bndl. 16,321 12,490 12,288 9,191 4.421 5,640 364 Bndl. 14,045 567 1,876 7,078 276 1,624 2,222 35.340 11,951 17,025 Bndl. 562 927 100's 1,225 Bag Bndl. 2,235 48,632 1,194 1,693 26,375 1,976 61,240 531 835 30,050 100's 3.571 5.910 4.492 5.750 3.385…The table below gives the price and consumption (usage/sales) for two products xand yfor four years. Using year 2000 as the base year calculate for each year, thea) Basic expenditure index b) Laspeyers price index, and c) Paasche price index
- Qus 10Quantity TC TVC AFC ATC MC AVC 200 100 240 24 6. 660 160 20 1234 5$20 Proprietor incme Compensaton of Employees Consumpton of Fied Capita Gross Investment Rents interest 300 10 20 Exports mpots Corporate Profts Taxes on Produdon and imports Net Foreign Factor Income Satistical Discrepancy Reter to the accompanying data. Al figurs are in billons of dolers. Net domentie product is $395. O$375