! plz answer quickly Calculate the chain-weighted Real GDP for Year 3, using Year 1 as the base year.Here are all the combinations needed (using fixed-weight GDP for a given base):Base Year Base Year Base Year12Year 1110GDPYear 210080GDPYear 3130100GDPurthermore, the chain-weighted growth rate between Year 1 and Year 2 is 7.7783%. Your answerust have four decimal places!t) Suppose the Real GDP for Year 3-150. What is the GDP deflator in Year 3, andwhat does it say about the price level since Year 1?

Chain-weighted method of GDP is a new approach to calculating GDP. It depicts a more accurate…

Calculate the chain-weighted Real G for Year 3, using Year I as the base year. Here are all the combinations needed (using fixed-weight GDP for a given base): Year 1 GDP Year 2 GDP Year 3 GDP Base Year Base Year Base Year 1 2 3 110 100 130 80 100 Furthermore, the chain-weighted growth rate between Year 1 and Year 2 is 7.7783%. Your answer must have four decimal places!

Calculate the chain-weighted Real G for Year 3, using Year I as the base year. Here are all the combinations needed (using fixed-weight GDP for a given base): Year 1 GDP Year 2 GDP Year 3 GDP Base Year Base Year Base Year 1 2 3 110 100 130 80 100 Furthermore, the chain-weighted growth rate between Year 1 and Year 2 is 7.7783%. Your answer must have four decimal places!

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

! plz answer quickly

Calculate the chain-weighted Real GDP for Year 3, using Year 1 as the base year.
Here are all the combinations needed (using fixed-weight GDP for a given base):
Base Year Base Year Base Year
1
2
Year 1
110
GDP
Year 2
100
80
GDP
Year 3
130
100
GDP
urthermore, the chain-weighted growth rate between Year 1 and Year 2 is 7.7783%. Your answer
ust have four decimal places!
t) Suppose the Real GDP for Year 3-150. What is the GDP deflator in Year 3, and
what does it say about the price level since Year 1?

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FC VC TC MC AFC AVC ATC 1 12 2 100 4 46 30 11 6.
FC VC TC MC AFC AVC ATC 1 12 2 100 4 46 30 11 6.
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