Q15-L)What is the answer of second first(9.4) is true, thats my last attemp please be careful thanksNote:-Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism.Answer completely.You will get up vote for sure. The table shows the quantities produced and prices in 2015 and 2016 for an island economy which produces only melons and kiwi fruitsThe base year is 2016.Compare the growth rates of nominal GDP and real GDP in 2016 using the chained-dollar method.>>> Answer to 1 decimal place.The growth rate of nominal GDP in 2016 is 9.4 percentThe growth rate of real GDP in 2016 using the chained-dollar method is percent. In 2015ItemMelonsKiwi fruitsIn 2016ItemMelonsKiwi fruitsQuantity93 boxes60 boxesQuantity112 boxes66boxesPrice$10 a box$12 a boxPrice$12 a box$7 a box

SOLUTIONS:False, the growth rate of nominal GDP in 2016 is not 9.4 percentageCorrect answer ; the…

Answered: he growth rate of nominal GDF percent

Business

Economics

he growth rate of nominal GDF percent

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

Q15-L)

What is the answer of second first(9.4) is true, thats my last attemp please be careful thanks

Note:-

Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism.
Answer completely.
You will get up vote for sure.

The table shows the quantities produced and prices in 2015 and 2016 for an island economy which produces only melons and kiwi fruits
The base year is 2016.
Compare the growth rates of nominal GDP and real GDP in 2016 using the chained-dollar method.
>>> Answer to 1 decimal place.
The growth rate of nominal GDP in 2016 is 9.4 percent
The growth rate of real GDP in 2016 using the chained-dollar method is percent.

In 2015
Item
Melons
Kiwi fruits
In 2016
Item
Melons
Kiwi fruits
Quantity
93 boxes
60 boxes
Quantity
112 boxes
66
boxes
Price
$10 a box
$12 a box
Price
$12 a box
$7 a box

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