nomy of Turista produces only two products, protein bars and snowboards. In 2019 it produced 21 million protein bars and 102,000 snowboards. In 2020, production of protein bars rose to 24 million, and snowboards to 109,000. a. If the price of protein bars rose from $1.90 to $2.20 over this period, while the price of snowboards rose from $210 to $240, fill in the table below. Round your answers to two decimal places. Protein bars Snowboards Total Quantity U million 2019 Price ($) Nominal GDP ($) million million million b. What is the value of nominal GDP for Turista in 2019, and, what are the values of its nominal and real GDP in 2020? The value of nominal GDP in 2019 is $1 The value of nominal GDP in 2020 is $ Search million. million and real GDP in 2020 is $ < Prev Quantity million 5 of 8 www www G million Next > Price ($ - 2020 Nominal GDP ($) million million million Price ($) 2019 Help Real

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
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The economy of Turista produces only two products, protein bars and snowboards. In 2019 it produced 21 million protein bars and
102,000 snowboards. In 2020, production of protein bars rose to 24 million, and snowboards to 109,000.
Protein bars
Snowboards
Total
a. If the price of protein bars rose from $1.90 to $2.20 over this period, while the price of snowboards rose from $210 to $240, fill in the
table below. Round your answers to two decimal places.
Quantity
million
2019
Price ($)
Nominal GDP ($)
million
million
million
Search
Saved
b. What is the value of nominal GDP for Turista in 2019, and, what are the values of its nominal and real GDP in 2020?
The value of nominal GDP in 2019 is $
The value of nominal GDP in 2020 is $
million.
million and real GDP in 2020 is $[
< Prev
5 of 8 www
www
www
Quantity
SAMSUNG
million
Price ($)
million
Next >
2Fnewconnect.mheducation.com
2020
Nominal GDP ($)
million
million
million
4
Price ($) 2019
10:53 AM
Help
Save & Ex
Check n
Real GDP ($)
million
million
million
Transcribed Image Text:The economy of Turista produces only two products, protein bars and snowboards. In 2019 it produced 21 million protein bars and 102,000 snowboards. In 2020, production of protein bars rose to 24 million, and snowboards to 109,000. Protein bars Snowboards Total a. If the price of protein bars rose from $1.90 to $2.20 over this period, while the price of snowboards rose from $210 to $240, fill in the table below. Round your answers to two decimal places. Quantity million 2019 Price ($) Nominal GDP ($) million million million Search Saved b. What is the value of nominal GDP for Turista in 2019, and, what are the values of its nominal and real GDP in 2020? The value of nominal GDP in 2019 is $ The value of nominal GDP in 2020 is $ million. million and real GDP in 2020 is $[ < Prev 5 of 8 www www www Quantity SAMSUNG million Price ($) million Next > 2Fnewconnect.mheducation.com 2020 Nominal GDP ($) million million million 4 Price ($) 2019 10:53 AM Help Save & Ex Check n Real GDP ($) million million million
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