Please solve #3 only . ASAP please. The table below represents the goods that are produced in Surrrey. Bread and water are used by thecitizens of the city. Half of all plows are used by the city council, while the rest are used by citizens.Metal is used to produce plows and nothing more. When necessary, use 2013 as the base year. Thetypical consumer buys 10 bread, 100 water, and 2 plows. Use this table for questions 2-9.BreadWaterPlowsMetalPrice Quantity$2$3$3$5Price Quantity$1$1$1$2Price Quantity1000 $1501100 $2001100 $200Price Quantity$43$44$46$4920111006080020121107087520131207090020141201100 $21040934Calculate GDP deflator for all years.

Nominal GDP is determined by increasing the present year amount yield by this market cost.

onsumer buys 10 bread, 100 water, and 2 plows. Use this table for questions 2-9. Bread Water Plows Metal Price Quantity $43 Price Quantity 1000 $150 1100 $200 1100 $200 1100 $210 Price Quantity Price Quantity 800 11 60 $44 $46 $49 $2 100 $1 70 875 12 $3 013 $1 $1 $2 110 $3 120 70 900 40 934 014 $5 120

onsumer buys 10 bread, 100 water, and 2 plows. Use this table for questions 2-9. Bread Water Plows Metal Price Quantity $43 Price Quantity 1000 $150 1100 $200 1100 $200 1100 $210 Price Quantity Price Quantity 800 11 60 $44 $46 $49 $2 100 $1 70 875 12 $3 013 $1 $1 $2 110 $3 120 70 900 40 934 014 $5 120

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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