Price of Basketballs Quantity of Basketballs Price of Footballs Quantity of Footballs Year Year 1 10 120 12 200 Year 2 12 200 15 300 180 Year 3 14 18 275

Q: Answer the attached question

A: The cost of the basket in 2016 can be calculated as follows: Cost of basket in 2016=Total cost of 4…

Q: 1. In 1910 the United S of living) was $6,200. 35 years. What woul

A: Economic growth refers to the change in the real value of the output produced in an economy over a…

Q: A small nation of ten people enjoy music and singing. All they produce and consume are karaoke…

A: CPI (consumer’s price index) is a measure of changes in the monetary value of a bundle of…

Q: VPC Inflation % PC 8 PC 7 MR 6. PC PC 2 B Outn 4. 3.

A: A. W. Phillips invented the Phillips curve, which states that inflation and unemployment have a…

Q: Fix uestions 64% 1. Name the 3 Factors of Production.

A: Note: In the BNED Guidance, only the first question can be answered at a time. Resend the question…

Q: Please write the share of technology intensity of Turkey for 2020 or 2019 HIGH TECHNOLOGY PRODUCTS %…

A: Technology: It refers to the innovation that takes place in the economy. The more innovation will…

Q: gure 3.10 $4 $1 Number of pizzas per week Price of pizza

A: In the question above, pizza and pizza sauce are the complementary goods. These are those goods…

Q: Calculate the net value added at factor cost if :- Value of output = $800 Purchase of raw material…

A: The given information is as follows:- Value of output = $800 Purchase of raw material = 400…

Q: Quantity of bananas Year Price of bananas Price of backrubs Quantity of backrubs $1.00 $6.00

A: Use the above table to answer a-d . assume that year 2 is the base year.

Q: Calculate GNP at MP Domestic income or NDP at FC = $3200 Depreciation = $400 Indirect taxes = $50…

A: The information given to us is as follows:- Domestic income or NDP at FC = $3200 Depreciation = $400…

Q: The country of Old Jersey produces milk an gallons and prices are dollars per gallon. Year 2 Good…

A: The gross domestic product, which is calculated using the present prices is referred to as nominal…

Q: Product Quantity Price Quantity Price in 2016 in in 2017 in 2016 2017 Milk 100 2 120 1.5 Textbook 50…

A: Economic growth is the growth or increases in the amount of goods and services over population on a…

Q: B. Determine the inflation rate of Country ABC using its CPI from 2020 and 2021. Price 2021 10,000…

A: To calculate CPI, the formula used is :  CPI = Price of basket of goods in current yearPrice of…

Q: Given the following ourput for the economy of Scoob calculate the nominal GDP in 2020 in s. Gismo…

A: Nominal GDP is calculated by multiplying the quantity along with the current prices (or price of the…

Q: In an island economy, farmers grow 120 potato, pay 40 in tax, eat 30, plant 50 in the yard.  a.…

A: farmers grow 120 potatoes, pay 40 in tax, eat 30, and plant 50 in the yard.

Q: 5. Economic s Income level and savings level are $7500 and $3200 Find APS.

A: The data presented in the question above is:- Income = $7500 Savings = $3200 We need to find the…

Q: $Billions Government purchases of goods 800 Services 500 200 Imports Change in business inventories…

A: Gross domestic product (GDP) is a monetary indicator of the market value of all  goods and services…

Q: d) Paasche price index e) Fisher Price Index f) Relative weighted average of prices

A: Index number is the measure of changes in a variable over the period of time. It measures the…

Q: The table below contains data for the country of Batterland, which produces only waffles and…

A: GDP is a macroeconomic measure of the aggregate total production of output in an economy. It can be…

Q: GDP data for 2019 Item Quantity Price Fun 40 $2 Food 60 $3

A: Real GDP in 2020 , when 2019 is the base year:  Real GDP 2020 = Price (2019) * quantity (2020)…

Q: From the following data calculate the gross value added at market price. 700 None 1300 Categories…

A: Gross Value Added refer to the value of goods and services produce in an economy .

Q: prices of comm Weight % Average wholesale price Commodity 2011 2012 2013 A 30 4.50 6.00 7.50 40…

A: Sum of prices of 2011 = 4.50 + 10 + 2 + 1.50 = 18 Sum of price of 2012 = 6 + 8 + 2.50 + 3 = 19.5 Sum…

Q: Nature Туре А (10%) Туре В (90%) Player 1-B Player 1-A Out In Out In Player 2\ B 1-B (Player 2 0,0…

A:

Q: Year Real GDP Nominal GDP Price Index 2000 $14,500 A 100 2001 $15,500 $17,000 B 2002 S20,000 117…

A: The price index (GDP deflator ) is calculated as  Price index  = Nominal GDPReal GDP×100 We have to…

Q: Calculate National income if:- GNP at MP = $3000 Depreciation = $2000 Net indirect taxes = $500

A: The data presented in the question above is:- GNP at MP = $3000   Depreciation = $2000   Net…

Q: Cônsider the following production data for a small economy and answer the below questions. (Note,…

A: Here, it is given that the base year is 2012 due to which one need to use prices of 2012 to compute…

Q: footballs and basketballs. Below is a table showing prices and quantities of output for three years:…

A: Nominal gross domestic product (GDP) is GDP given in current prices, without adjustment for…

Q: a. What do households do in the factor market, buy or sell? A. buy B. sell b. In the Factor…

A: Households, in the Factor Market, are the owners of the factors of production in the circular flow…

Q: 2015 2018 Table 2: 2012 2016 Table 3: Changes in Rate Table 1: 2012 1997 2005 2013 Japan: Condo.…

A: a)I agree with the statement

Q: Q.10 Compute index numbers of prices from the following data taking 1981 as bas and using median as…

A: Index number gauges how the average price of domestic goods has changed relative to the base year.…

Q: Calculate the value of GVAFC IF:- Sales = $180 Change in stock = $30 Purchase of raw material =…

A: The given information is as follows:- Sales = $180 Change in stock = $30 Purchase of raw material =…

Q: If exports and imports is US are $450 mil- lion and $380 million respectively Calculate the value of…

A: The information being given to us is as follows:- Exports of US = $450 Million Imports of US = $380…

Q: 1. Calculate Real wage and comment who has the higher real wage salary Year Salary Mariam ude 7500…

A: The real living standard depends on the real income of workers. The nominal wage is adjusted for the…

Q: Year 2020 2021 2022 Milk Price Quantity (Dollars) (Quarts) 1 100 2 100 2 200 Honey Price (Dollars) 2…

A: Nominal GDP = GDP measured in prices of the current year Real GDP = GDP Measured in the…

Q: TEXS USD Houebold coasumption Private inestment Gevemment ependitre Export Impert Factor income…

A: The final value of goods and services being produced in an economy during specified period of time…

Q: GVA basic prices = 574  Net product taxes = 36 what is GVA at market price ?

A: GVA basic prices = 574  Net product taxes = 36

Q: b. Construct price index number using Laspeyre's Method Year 2014 Price 20 Year 2015 Price Commodity…

A: Laspeyer's formula to calculate the Price index P01 = sum of (Price of current period × base year…

Q: Calculate the consumption of goods and services in your family in the following  a. Groceries like…

A: Consumption in economics is the total value of goods and services consumed by an consumer.…

Q: Year 2017 2018 2019 Price (Dollars per pencil) 1 2 Pencils 4 Quantity (Number of pencils) 115. 135.…

A: Use the following formula to find the values: Nominal GDP = Current year quantity x Current year…

Q: Commodity Type P2016 P2018 Quantity (Qo) Rice 9,000 11,000 50 Soya Been 12,000 15,000 40 Coffee…

A:

Q: 2018 2019 2020 Nominal National 550 705 Product (RM billion) True National 440 495 Product (RM…

A: The formula is as follows, Consumer price index for 2018 = [Nominal national product / True national…

Q: Francis annual income in 2019 was $53,459. CPI in 2019 was 229.3 and 166.8 in 1999. What's the 2019…

A: In an economy, consumer price index (CPI) is used to compute inflation rate in a specific year thay…

Q: Year Real GDP Nominal GDP Price Index 2000 $14,500 100 2001 $15,500 $17,000 2002 $20,000 117 2003…

A: Nominal GDP refers the value of total goods and services produced by an economy and it doesn't…

Q: 1. There is a country, which is located in the south of the Mediterranean. This country's GDP is 500…

A: The auto sector accounts for the second most extensive reference for growing CO2 emissions globally.…

Q: NOVEMBER DECEMBER INFLATION CPI CPI 2013 326.230 425.672 2014 430.221 629.601.

A: Inflation rate is calculated by subtracting the new cost price index value from the previous cost…

Q: The country of Caspir produces only cereal and milk. Quantities and prices of these goods for the…

A: The gross domestic product (GDP) is a sum total of all services and goods produced/made in a…

Q: Year Nas income. index number nominal 2000 1000 100 2001 1500 120 2002 2100 125 From the table above…

A: Given Nominal Income for 3 years

Q: The table below represents the goods that are produced in Surrrey. Bread and water are used by the…

A: CPI = Cost of market basket in current periodCost of market basket in base period*100where Cost of…