Q no: 20 Calculate real GDP in 2009 and 2010 expressed?Use the following data to work question 20. An economy produces only apples and oranges. The base year is 2009, and the table gives the quantities produced and the prices.Quantities 2009 2010Apples 60 160Oranges 80 220Prices 2009 2010Apples $0.50 $1.00Oranges $0.25 $2.00 Q no: 18 Use the following data to work Problems 19 to 20. An ecoomy produces only applesand oranges. The base year is 2009, and the table gives the quantities produced ard the prices.Quantities2009 2010Apples60160Oranges80220Prices2009 2010Apples$0.50 $1.00OrangesQ no: 19 Calculate omiral GDP in 2009 and 2010.Q no: 20 Calculate real GDP in 2009 and 2010 expressed$0.25 $2.00

Nominal GDP is the market value of all goods and services produced in an economy which is not…

Answered: Q no: 20 Calculate real GDP in 2009 and…

ENGR.ECONOMIC ANALYSIS

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Q no: 20 Calculate real GDP in 2009 and 2010 expressed?

Use the following data to work question 20. An economy produces only apples and oranges. The base year is 2009, and the table gives the quantities produced and the prices.

Quantities

2009 2010

Apples

60 160

Oranges 80 220

Prices 2009 2010

Apples $0.50 $1.00

Oranges $0.25 $2.00

Q no: 18 Use the following data to work Problems 19 to 20. An ecoomy produces only apples
and oranges. The base year is 2009, and the table gives the quantities produced ard the prices.
Quantities
2009 2010
Apples
60
160
Oranges
80
220
Prices
2009 2010
Apples
$0.50 $1.00
Oranges
Q no: 19 Calculate omiral GDP in 2009 and 2010.
Q no: 20 Calculate real GDP in 2009 and 2010 expressed
$0.25 $2.00

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