(b)Table 1 shows some data on the prices and quantities for a simple economythat produces the following goods and services.[Jadual 1 menunjukkan beberapa data harga dan kuantiti untuk sebuah ekonomi sederhanayang menghasilkan barang dan perkhidmatan berikut.]Table 1: Price and quantity for three types of product[Jadual 1: Harga dan kuantiti untuk tiga jenis produk]Year 2017[Tahun 2017]Quantity[Kuantiti]ProductYear 2018Year 2019[Tahun 2018]Quantity[Kuantiti][Tahun 2019]Quantity[Kuantiti][Produk)PricePricePrice(RM)[Harga(RM)]1(RM)[Harga(RM)]1(RM)[Harga(RM)]1.25A180200200B907590100100120C0.66750.56000.5630Compute the values of nominal GDP in 2017, 2018 and 2019.[Kirakan nilai-nilai KDNK nominal pada 2017, 2018 dan 2019.](i)

Nominal GDP measures the market value of goods and services using current level of prices.

that produces the following goods and services. [Jadual 1 menunjukkan beberapa data harga dan kuantiti untuk sebuah ekonomi sederhana yang menghasilkan barang dan perkhidmatan berikut.] Table 1: Price and quantity for three types of product [Jadual 1: Harga dan kuantiti untuk tiga jenis produk] Year 2018 [Tahun 2018] Price Year 2019 [Tahun 2019] Price Product Year 2017 [Tahun 2017] Price Quantity (RM) | [Kuantiti] [Harga (RM)] 1 [Produk] Quantity [Kuantiti] Quantity [Kuantiti] (RM) [Harga (RM)] 1 (RM) [Harga (RM)] 1.25 A 180 200 200 90 75 90 100 100 120 C 0.6 675 0.5 600 0.5 630 Compute the values of nominal GDP in 2017, 2018 and 2019. [Kirakan nilai-nilai KDNK nominal pada 2017, 2018 dan 2019.]

that produces the following goods and services. [Jadual 1 menunjukkan beberapa data harga dan kuantiti untuk sebuah ekonomi sederhana yang menghasilkan barang dan perkhidmatan berikut.] Table 1: Price and quantity for three types of product [Jadual 1: Harga dan kuantiti untuk tiga jenis produk] Year 2018 [Tahun 2018] Price Year 2019 [Tahun 2019] Price Product Year 2017 [Tahun 2017] Price Quantity (RM) | [Kuantiti] [Harga (RM)] 1 [Produk] Quantity [Kuantiti] Quantity [Kuantiti] (RM) [Harga (RM)] 1 (RM) [Harga (RM)] 1.25 A 180 200 200 90 75 90 100 100 120 C 0.6 675 0.5 600 0.5 630 Compute the values of nominal GDP in 2017, 2018 and 2019. [Kirakan nilai-nilai KDNK nominal pada 2017, 2018 dan 2019.]

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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