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

Author Question: For the following question(s), suppose an economy produces only pens and pencils, and that the ... (Read 44 times)

karateprodigy

  • Hero Member
  • *****
  • Posts: 550
on: Jan 2, 2020
For the following question(s), suppose an economy produces only pens and pencils, and that the quantity and price data is given by this table:

​PensPencils
Year 1 quantity1510
Year 1 price$12$12
Year 2 quantity1712
Year 2 price$14$15

What is the real GDP in year 1 using base year 2?
◦ $338.
◦ $360.
◦ $300.
◦ $294.
◦ $418.
Macroeconomics, Canadian Edition ¦ Williamson ¦ 4th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by karateprodigy on Jan 2, 2020

amandanbreshears

  • Sr. Member
  • ****
  • Posts: 320
Reply #1 on: Jan 2, 2020
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 49% of students answer this correctly


karateprodigy

  • Member
  • Posts: 550
Reply 2 on: Jan 2, 2020
:D TYSM

Viet Thy

  • Member
  • Posts: 329
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

As the western states of America were settled, pioneers often had to drink rancid water from ponds and other sources. This often resulted in chronic diarrhea, causing many cases of dehydration and death that could have been avoided if clean water had been available.

Did you know?

Amphetamine poisoning can cause intravascular coagulation, circulatory collapse, rhabdomyolysis, ischemic colitis, acute psychosis, hyperthermia, respiratory distress syndrome, and pericarditis.

Did you know?

There are more nerve cells in one human brain than there are stars in the Milky Way.

Did you know?

The newest statin drug, rosuvastatin, has been called a superstatin because it appears to reduce LDL cholesterol to a greater degree than the other approved statin drugs.

Did you know?

According to animal studies, the typical American diet is damaging to the liver and may result in allergies, low energy, digestive problems, and a lack of ability to detoxify harmful substances.

Secondary response begins more rapidly after exposure to antigen, produces more antibodies, and ... Secondary response begins more rapidly after exposure to antigen, produces more antibodies, and ...
Remainder Question Remainder Question
this is a math question this is a math question
economic question economic question
economic question economic question
economic question (having trouble) economic question (having trouble)
Video: The Hypothalamus: The Body's Thermostat (Human Thermostat)

For a complete list of videos, visit our video library