Economics Use the table to answer the question 2015 Quantity Price Hotdogs 152 2 T-shirts 92 26 Toy cars 36 11 2016 Quantity Price Hotdogs 163 3 T-shirts 95 30 Toy cars 41 15 Refer to the table above. The table gives the quantities produced and prices in 2015 and 2016. What is chained-dollar real GDP of 2015 in 2016 dollars? O A. 3760.62 O B. 3820.32 OC. 3251 O D. 3342.17 O E. None of the above

Economics Use the table to answer the question 2015 Quantity Price Hotdogs 152 2 T-shirts 92 26 Toy cars 36 11 2016 Quantity Price Hotdogs 163 3 T-shirts 95 30 Toy cars 41 15 Refer to the table above. The table gives the quantities produced and prices in 2015 and 2016. What is chained-dollar real GDP of 2015 in 2016 dollars? O A. 3760.62 O B. 3820.32 OC. 3251 O D. 3342.17 O E. None of the above

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Q. 1
Nominal Year Price level GDP 1982 100 €1,600 1992 150 €3,000 2002 300 €6,000 In the above table, using 1982 as the base year, what was real GDP in 1992? O €2,400. O €2,000. O €1,600. O €3,000.
Suppose you read in the Wal Street Journal that, during the fourth quarter of 2020, the U.S. economy expanded at the fastest rate in two decades. It follows that one would expect in the unemployment rate and. in real GDP during the fourth quarter of 2020. O a. a decrease; a decrease O b. an'increase; an increase O c. a decrease; an increase O d. an increase; a decrease Next page
Please awnser following question please bear in mind that there can be more than one right awnser.
20) You know that a candy bar costs sixty OMR today.You also know the CPI for 1970 and the CPI for today.Which of the following would you use to compute the price of the candy bar in 1970 prices? Select one: O a. sixty OMR(today's CPI-1970 CPI) O b. sixty OMR(1970 CPI / today's CPI) O c. sixty OMR(1970 CPI-today's CPI) O d. sixty OMR(today's CPI / 1970 CPI)
please do both of the pictures.
Production Prices Year1 Year 2 Year 3 Year 1 Year 2 Year 3 Good X 60 80 100 $1.00 $1.00 $1.40 Good Y 100 110 130 $0.80 $0.90 $1.00 Assume that this economy produces only two goods Good X and Good Y. If year 1 is the base year, the value for this economy's GDP deflator in year 2 is Select one: О а. 100 O b. 179 O c. 106.5 O d. 93.9
Table 15-11 Nominal GDP $8,782 $9,274 Year 1998 1999 Real GDP $8,509 $8,859 Refer to Table 15-11. Consider the following data on nominal GDP and real GDP (values are in billions of dollars): The GDP deflator for 1999 equals O 95.5. O 104.7. O 105.6. O 104.1.
quiz/attempt.php?attempt%3D321446&cmid%3D203021 200 0.01. Double counting can be avoided by Lütfen birini seçin: O A. including the value of intermediate goods in the current year. O B. not counting the value of intermediate goods in GDP OC including the value of intermediate goods in the GNP but not in the GDP. O D. including the value of intermediate goods in the production year but not in the selling year of those goods. O E. none of the answers SONRAKİ SAY
The CPI or Consumer Price Index measures O Inflation by monitoring the change in gas prices and food items O Real GDP by comparing average change over time in production of consumer goods and services. O Inflation by comparing the average change over time in the prices paid by urban consumers for a market basket of consumer goods and services. O Unemployment by comparing the production of consumer goods and services with potential production
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Real per capita GDP across the world has stayed constant since the year 1800. O true O false Which of the following would you need if you were computing U.S. real GDP in 2020? Prices from and quantities from _____. O 2012, 2020 O 2012, 2012 2020, 2020 O 2020, 2012 If nominal wages rose by 5% and the CPI grew by 3%, then how much did real wages grow by? OO O +2% O -5% O -2% O +5%