SnackYear Price per UnitQuantity202110 pesos30202215 pesos 40Select one:CheeseNominal GDP is 970 pesos in 2021.Real GDP is 970 pesos in 2022.GDP deflator is approximately 108.38 in 2022.GDP deflator is 90 in 2021.Price per Unit15 pesos10 pesosThe table above describes production and price levels of Macroland in 2021 & 2022. According to this table, which one of the following is correct? (in thisquestion, take 2021 as the base year in your calculations whenever necessary)SodaQuantity Price per Unit Quantity15206 pesos256 pesos20

three goods, snack, cheese and soda are produced in the economy.2021 is the base year.

Snack Year Price per Unit 2021 2022 Select one: Quantity 30 10 pesos 15 pesos 40 The table above describes production and price levels of Macroland in 2021 & 2022. According to this table, which one of the following is correct? (in this question, take 2021 as the base year in your calculations whenever necessary) Cheese Soda Price per Unit Quantity Price per Unit Quantity 6 pesos 15 15 pesos 10 pesos 20 25 6 pesos 20 Nominal GDP is 970 pesos in 2021. Real GDP is 970 pesos in 2022. GDP deflator is approximately 108.38 in 2022. GDP deflator is 90 in 2021.

Snack Year Price per Unit 2021 2022 Select one: Quantity 30 10 pesos 15 pesos 40 The table above describes production and price levels of Macroland in 2021 & 2022. According to this table, which one of the following is correct? (in this question, take 2021 as the base year in your calculations whenever necessary) Cheese Soda Price per Unit Quantity Price per Unit Quantity 6 pesos 15 15 pesos 10 pesos 20 25 6 pesos 20 Nominal GDP is 970 pesos in 2021. Real GDP is 970 pesos in 2022. GDP deflator is approximately 108.38 in 2022. GDP deflator is 90 in 2021.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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