The table below represents the goods that are produced in Surrrey. Bread and water are used by the citizens of the city. Half of all plows are used by the city council, while the rest are used by citizens. Metal is used to produce plows and nothing more. When necessary, use 2013 as the base year. The typical consumer buys 10 bread, 100 water, and 2 plows. Use this table for questions 2-9. Bread Water Plows Metal Price Quantity $2 $3 $3 $5 Price Quantity $1 $1 $1 $2 Price Quantity 1000 $150 1100 $200 1100 $200 1100 $210 Price Quantity $43 $44 2011 100 60 800 2012 110 70 875 2013 120 70 $46 900 2014 120 40 $49 934

The table below represents the goods that are produced in Surrrey. Bread and water are used by the citizens of the city. Half of all plows are used by the city council, while the rest are used by citizens. Metal is used to produce plows and nothing more. When necessary, use 2013 as the base year. The typical consumer buys 10 bread, 100 water, and 2 plows. Use this table for questions 2-9. Bread Water Plows Metal Price Quantity $2 $3 $3 $5 Price Quantity $1 $1 $1 $2 Price Quantity 1000 $150 1100 $200 1100 $200 1100 $210 Price Quantity $43 $44 2011 100 60 800 2012 110 70 875 2013 120 70 $46 900 2014 120 40 $49 934

Macroeconomics: Principles and Policy (MindTap Course List)

13th Edition

ISBN:9781305280601

Author:William J. Baumol, Alan S. Blinder

Publisher:William J. Baumol, Alan S. Blinder

Chapter8: Aggregate Demand And The Powerful Consumer

Section8.A: National Income Accounting

Problem 2TY

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