A hypothetical country of Lahland produces only movies and popcorn. Quantities andprices of these goods for the last several years are shown below. The base year is 2009.Prices and QuantitiesYearPrice ofQuantity ofPrice ofQuantity ofD.MoviesMoviesPopcornPopcornTab2009$11.00500$4900pres2010$12.00600$51000What was this country's GDP deflator in 2010?ExpConsSelect one:Da.150RefertheOb 77.8A 17128.6Od. 100MG 20Type here to search.

For 2010:Nominal GDP =(Prices of movie*quantity of movies) of 2010 + (Prices of popcorn*quantity of…

A hypothetical country of Lahland produces only movies and popcorn. Quantities and prices of these goods for the last several years are shown below. The base year is 2009. Prices and Quantities Year Price of Quantity of Price of Quantity of Movies Movies Popcorn Popcorn 2009 $11.00 500 $4 900 2010 $12.00 600 $5 1000 What was this country's GDP deflator in 2010? Select one: a. 150 Ob 77.8 128.6 Pd. 100

A hypothetical country of Lahland produces only movies and popcorn. Quantities and prices of these goods for the last several years are shown below. The base year is 2009. Prices and Quantities Year Price of Quantity of Price of Quantity of Movies Movies Popcorn Popcorn 2009 $11.00 500 $4 900 2010 $12.00 600 $5 1000 What was this country's GDP deflator in 2010? Select one: a. 150 Ob 77.8 128.6 Pd. 100

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

A hypothetical country of Lahland produces only movies and popcorn. Quantities and
prices of these goods for the last several years are shown below. The base year is 2009.
Prices and Quantities
Year
Price of
Quantity of
Price of
Quantity of
D.
Movies
Movies
Popcorn
Popcorn
Tab
2009
$11.00
500
$4
900
pres
2010
$12.00
600
$5
1000
What was this country's GDP deflator in 2010?
Exp
Cons
Select one:
Da.
150
Refer
the
Ob 77.8
A 17
128.6
Od. 100
MG 20
Type here to search.

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