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this question is for macronomics but on bartleby does not show any opiton for macronomics it just show economics     Table 20.4.4   Quantities 2013 2014 Bananas 1,000 bunches 1,100 bunches Coconuts 500 bunches 525 bunches       Prices 2013 2014 Bananas $2 a bunch $3 a bunch Coconuts $10 a bunch $8 a bunch   5) Refer to Table 20.4.4 above. The table provides data on the economy of Tropical Republic that produces only bananas and coconuts.    a) Calculate the Nominal GDP in 2013.  b) Calculate the Real GDP in 2014.  c) Calculate the GDP Deflator in 2014.

this question is for macronomics but on bartleby does not show any opiton for macronomics it just show economics     Table 20.4.4   Quantities 2013 2014 Bananas 1,000 bunches 1,100 bunches Coconuts 500 bunches 525 bunches       Prices 2013 2014 Bananas $2 a bunch $3 a bunch Coconuts $10 a bunch $8 a bunch   5) Refer to Table 20.4.4 above. The table provides data on the economy of Tropical Republic that produces only bananas and coconuts.    a) Calculate the Nominal GDP in 2013.  b) Calculate the Real GDP in 2014.  c) Calculate the GDP Deflator in 2014.

Principles of Economics 2e
Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter1: Welcome To Economics!
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this question is for macronomics but on bartleby does not show any opiton for macronomics it just show economics

 

 

Table 20.4.4

 

Quantities

2013

2014

Bananas

1,000 bunches

1,100 bunches

Coconuts

500 bunches

525 bunches
     

Prices

2013

2014

Bananas

$2 a bunch

$3 a bunch

Coconuts

$10 a bunch

$8 a bunch

 

5) Refer to Table 20.4.4 above. The table provides data on the economy of Tropical Republic that produces only bananas and coconuts. 

 

  1. a) Calculate the Nominal GDP in 2013. 









  1. b) Calculate the Real GDP in 2014. 










  1. c) Calculate the GDP Deflator in 2014.



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