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Author Question: Calculating Real GDPYearQuantity of TweezersPrice of TweezersQuantity of PillowsPrice of ... (Read 61 times)

dusk108

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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
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Marked as best answer by dusk108 on Nov 23, 2022

sakura282000

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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.
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dusk108

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Reply 2 on: Nov 23, 2022
Great answer, keep it coming :)

Jossy

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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