The table shows some data for an economy which produces only pizzas and tooth paste. The base year is 2018. In 2018 Calculate the value of 2019 production in 2018 prices and the percentage increase in production when valued at 2018 prices. Item Quantity Price $4 each $5 each Pizzas 93 Tooth paste 53 The value of 2019 production in 2018 prices: $764 The percentage increase in production when valued at 2018 prices is percent. >>> Answer to 1 decimal place. In 2019 Item Quantity Price $5 each $8 each Pizzas 106 Tooth paste 68
The table shows some data for an economy which produces only pizzas and tooth paste. The base year is 2018. In 2018 Calculate the value of 2019 production in 2018 prices and the percentage increase in production when valued at 2018 prices. Item Quantity Price $4 each $5 each Pizzas 93 Tooth paste 53 The value of 2019 production in 2018 prices: $764 The percentage increase in production when valued at 2018 prices is percent. >>> Answer to 1 decimal place. In 2019 Item Quantity Price $5 each $8 each Pizzas 106 Tooth paste 68
Brief Principles of Macroeconomics (MindTap Course List)
8th Edition
ISBN:9781337091985
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter5: Measuring A Nation's Income
Section: Chapter Questions
Problem 6PA
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