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produ 2009 2010 Quantity of apples Quantity of computer software Price of apples Price of computer software 50 55 20 40 $1.00 $50.00 $1.20 $30.00 ing above information, calculate the following values. eal GDP for 2009 using 2009 as base year equals $1,050. (Enter your response rounded to two decimal places.) eal GDP for 2009 using 2010 as base year equals $ 660. (Enter your response rounded to two decimal places.) eal GDP for 2010 using 2009 as base year equals $2,055. (Enter your response rounded to two decimal places.) eal GDP for 2010 using 2010 as base year equals $: (Enter your response rounded to two decimal places DP growth rate using 2009 as base year equals %. (Enter your response rounded to two decimal places.) DP growth rate using 2010 as base year equals %. (Enter your response rounded to two decimal places.) he arithmetic average of the two growth rates equals %. (Enter your response rounded to two decimal places.)

produ 2009 2010 Quantity of apples Quantity of computer software Price of apples Price of computer software 50 55 20 40 $1.00 $50.00 $1.20 $30.00 ing above information, calculate the following values. eal GDP for 2009 using 2009 as base year equals $1,050. (Enter your response rounded to two decimal places.) eal GDP for 2009 using 2010 as base year equals $ 660. (Enter your response rounded to two decimal places.) eal GDP for 2010 using 2009 as base year equals $2,055. (Enter your response rounded to two decimal places.) eal GDP for 2010 using 2010 as base year equals $: (Enter your response rounded to two decimal places DP growth rate using 2009 as base year equals %. (Enter your response rounded to two decimal places.) DP growth rate using 2010 as base year equals %. (Enter your response rounded to two decimal places.) he arithmetic average of the two growth rates equals %. (Enter your response rounded to two decimal places.)

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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The economy of Tuland produces only two products apples and computer software. The following information is available for production and prices of Tuland's products for the years 2009 and 2010. 2009 2010 Quantity of apples Quantity of computer software Price of apples 50 55 20 40 $1.00 $50.00 $1.20 Price of computer software $30.00 Using above information, calculate the following values. Real GDP for 2009 using 2009 as base year equals $1,050. (Enter your response rounded to two decimal places.) Real GDP for 2009 using 2010 as base year equals $ 660. (Enter your response rounded to two decimal places.) Real GDP for 2010 using 2009 as base year equals $2,055. (Enter your response rounded to two decimal places.) Real GDP for 2010 using 2010 as base year equals $ (Enter your response rounded to two decimal places GDP growth rate using 2009 as base year equals %. (Enter your response rounded to two decimal places.) GDP growth rate using 2010 as base year equals %. (Enter your response rounded to two decimal places.) The arithmetic average of the two growth rates equals %. (Enter your response rounded to two decimal places.)
Transcribed Image Text:The economy of Tuland produces only two products apples and computer software. The following information is available for production and prices of Tuland's products for the years 2009 and 2010. 2009 2010 Quantity of apples Quantity of computer software Price of apples 50 55 20 40 $1.00 $50.00 $1.20 Price of computer software $30.00 Using above information, calculate the following values. Real GDP for 2009 using 2009 as base year equals $1,050. (Enter your response rounded to two decimal places.) Real GDP for 2009 using 2010 as base year equals $ 660. (Enter your response rounded to two decimal places.) Real GDP for 2010 using 2009 as base year equals $2,055. (Enter your response rounded to two decimal places.) Real GDP for 2010 using 2010 as base year equals $ (Enter your response rounded to two decimal places GDP growth rate using 2009 as base year equals %. (Enter your response rounded to two decimal places.) GDP growth rate using 2010 as base year equals %. (Enter your response rounded to two decimal places.) The arithmetic average of the two growth rates equals %. (Enter your response rounded to two decimal places.)
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