10 out of 30 10) Refer to the tables provided for part A and B respectively, to solve the questions below. a) Given that the base year is 2017, in 2018, the country's real GDP was b) Given that the base year is 2017, in 2018, the country's GDP deflator was ols Prices and Quantities Prices and Quantities Price of Quantity of Price of Quantity of Milk Price of Cereal Quantity of Cereal Quantity of Milk Year Year Price of Milk Cereal 100 Cereal Milk 2015 180 $4.00 $4.00 $5.00 $6.00 $1.50 $2.00 $2.50 $3.50 2015 $4.00 $4.00 $5.00 $6.00 $1.50 $2.00 $2.50 $3.50 100 180 2016 120 200 2016 2017 120 200 2017 150 200 150 200 2018 180 240 2018 180 240 O $1800 O $1500 O $1920 O $1480 O 128.0 O 95.6 O 112.8 O 153.6

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Chapter5: Measuring A Nation's Income
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HW CH 10
« 10 out of 30
10) Refer to the tables provided for part A and B respectively, to solve the
questions below.
a) Given that the base year is 2017, in 2018, the country's real GDP was
b) Given that the base year is 2017, in 2018, the country's GDP deflator was
ols
Prices and Quantities
Prices and Quantities
Price of Quantity of Price of Quantity of
Milk
$1.50
Price of Cereal Quantity of
Cereal
Year
Price of Milk
Quantity of
Cereal
Year
Milk
180
Cereal
Milk
$4.00
100
$4.00
$4.00
$5.00
$6.00
$1.50
$2.00
$2.50
$3.50
2015
2015
100
180
$4.00
$5.00
$6.00
120
$2.00
$2.50
$3.50
2016
200
2016
2017
120
200
2017
150
200
150
200
2018
180
240
2018
180
240
O $1800
O $1500
O $1920
O $1480
O 128.0
O 95.6
O 112.8
O 153.6
Continue
Transcribed Image Text:HW CH 10 « 10 out of 30 10) Refer to the tables provided for part A and B respectively, to solve the questions below. a) Given that the base year is 2017, in 2018, the country's real GDP was b) Given that the base year is 2017, in 2018, the country's GDP deflator was ols Prices and Quantities Prices and Quantities Price of Quantity of Price of Quantity of Milk $1.50 Price of Cereal Quantity of Cereal Year Price of Milk Quantity of Cereal Year Milk 180 Cereal Milk $4.00 100 $4.00 $4.00 $5.00 $6.00 $1.50 $2.00 $2.50 $3.50 2015 2015 100 180 $4.00 $5.00 $6.00 120 $2.00 $2.50 $3.50 2016 200 2016 2017 120 200 2017 150 200 150 200 2018 180 240 2018 180 240 O $1800 O $1500 O $1920 O $1480 O 128.0 O 95.6 O 112.8 O 153.6 Continue
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