This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Calculating Real GDPYearQuantity of TweezersPrice of TweezersQuantity of PillowsPrice of ... (Read 72 times)

dusk108

  • Full Member
  • ***
  • Posts: 152
on: Nov 23, 2022

Question 1

Calculating Real GDP

If nominal GDP is $4 trillion and the GDP deflator is 141, then real GDP is ________ trillion. (Round to the nearest hundredth.)
◦ $5.64
◦ $14,500
◦ $2.84
◦ $3525

Question 2

Calculating Real GDP


YearQuantity of TweezersPrice of TweezersQuantity of PillowsPrice of PillowsQuantity of BicyclesPrice of Bicycles
160​$5​25​$29​4​$600​
290​6​40​37​8​750​
3105​9​75​47​12​975​
Refer to the table. A small economy produces three goods: tweezers, pillows, and bicycles. The quantities produced and their corresponding prices for years 1, 2, and 3 are shown in the table. What is real GDP in Year 3, using Year 1 as the base year?
◦ $5615
◦ $9900
◦ $3425
◦ $16,170
Macroeconomics ¦ Acemoglu, Laibson, List ¦ 3rd Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by dusk108 on Nov 23, 2022

sakura282000

  • Full Member
  • ***
  • Posts: 159
Reply #1 on: Nov 23, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 35% of students answer this correctly


dusk108

  • Member
  • Posts: 152
Reply 2 on: Nov 23, 2022
Excellent

marict

  • Member
  • Posts: 304
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

Oxytocin is recommended only for pregnancies that have a medical reason for inducing labor (such as eclampsia) and is not recommended for elective procedures or for making the birthing process more convenient.

Did you know?

Green tea is able to stop the scent of garlic or onion from causing bad breath.

Did you know?

Medication errors are more common among seriously ill patients than with those with minor conditions.

Did you know?

About 60% of newborn infants in the United States are jaundiced; that is, they look yellow. Kernicterus is a form of brain damage caused by excessive jaundice. When babies begin to be affected by excessive jaundice and begin to have brain damage, they become excessively lethargic.

Did you know?

The first-known contraceptive was crocodile dung, used in Egypt in 2000 BC. Condoms were also reportedly used, made of animal bladders or intestines.

This chart illustrates the “drip down” model of government. In this, politics is formed by the soc This chart illustrates the “drip down” model of government. In this, politics is formed by the soc
Average real hourly wages (2010 dollars) by education level, full-time workers aged 17 to 34 in 2011 Average real hourly wages (2010 dollars) by education level, full-time workers aged 17 to 34 in 2011
Calculating Growth Rate of Bacteria Calculating Growth Rate of Bacteria
Calculating genotype frequencies from allele frequencies Calculating genotype frequencies from allele frequencies
Real skeleton of a lion Real skeleton of a lion
Calculating the remainder on a calculator (Casio) Calculating the remainder on a calculator (Casio)
Video: Nerve Impulse Transmission Animation

For a complete list of videos, visit our video library