Academic)ciples of Macroeconomics || Fal|20mon 17The country of Old Jersey produces milk and butter, and it has published the following macroeconomic data, where quantities are ingallons and prices are dollars per gallon,eteredYear1Good Quantity Price Quastity5002000ced out ofYear 2Price$3MilkButter$2900ag question$13000$2Between Year 1 and Year 2 nominal GDP grew bySelect one:O a 83.3%Ob 190.0%O G 60.0%Time left 0:51:26O d. 655%SWADType here to search

The gross domestic product, which is calculated using the present prices is referred to as nominal…

The country of Old Jersey produces milk an gallons and prices are dollars per gallon. Year 2 Good Quantity Price Quastity 900 3000 Year 1 500 2000 Price 243 52 Milk $2 Butter 51 Between Year 1 and Year 2. nominal GDP o Select one O a 833% Ob 190.0% O G 60.0% O d.65.5%

The country of Old Jersey produces milk an gallons and prices are dollars per gallon. Year 2 Good Quantity Price Quastity 900 3000 Year 1 500 2000 Price 243 52 Milk $2 Butter 51 Between Year 1 and Year 2. nominal GDP o Select one O a 833% Ob 190.0% O G 60.0% O d.65.5%

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Academic)
ciples of Macroeconomics || Fal|20
mon 17
The country of Old Jersey produces milk and butter, and it has published the following macroeconomic data, where quantities are in
gallons and prices are dollars per gallon,
et
ered
Year1
Good Quantity Price Quastity
500
2000
ced out of
Year 2
Price
$3
Milk
Butter
$2
900
ag question
$1
3000
$2
Between Year 1 and Year 2 nominal GDP grew by
Select one:
O a 83.3%
Ob 190.0%
O G 60.0%
Time left 0:51:26
O d. 655%
SWAD
Type here to search

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hand written plz please give me correct answer asap You live in Canada, and purchased a car manufactured in Japan this year from a dealer in Canada. The entire amount you spent on the car is in Canada's GDP because: O a. not included; the amount going into the dealer's pocket should be excluded. O b. included; you live here. O c. included; it was sold here. O d. not included; the amount going to the Japanese manufacturer should be excluded. O e. included; the car dealer is Canadian.
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OC 7.5%. O D. 6.67%. O E. -3%. QUESTION 20 Suppose that a simple economy produces only the goods and services shown in the table. Assume all of the strawberries are used in the production of strawberry jam. Using the information in the table, nominal GDP for this simple economy equals Product Quantity Price Strawberries 250 $1.00 Strawberry jam 30 4.00 Second hand cars 10 950.00 Tablets 85 210.00 Shirts 60 18.00 O A. $19,300. O B. $19,050. OC. $28,800. O D. $28,550, O E. 435 units. Click Save and Submit to save and submít. Click Save All Answers to save all ansuwers.
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Commodity ROOT CROPS Unit January February March Аpril Мay 119,861 76,868 97.887 62,325 17,883 9,815 31,248 41,805 122,180 79.998 Carrots Kg Kg Kg Kg Kg Kg Kg Kg Kg 32,432 77.983 54.453 Cassava Common Yam Im ported yam Dasheen(Local) Dasheen(Imported) Eddoes (Local) Eddoes (Im ported) Sweet Potatoes (Local) Sweet Potatoes (Im ported) Ginger CONDIMENTS AND SPICES Celery Chive (L) Thyme (s) Hot Peppers (100's) Hot Peppers (40 lb) Shadon Beni Pimento (S) 29,687 4.818 363 16,235 1,906 37.506 57.780 28,321 26,325 19,492 18,210 20,413 4:798 29,952 36,180 23.580 22,770 140,389 40,674 24,887 68,625 30,835 16,560 27,253 12,263 9,280 27,792 36,450 195,121 156,648 125.726 65.380 1,980 6,480 Kg Kg 10,575 4.770 28,117 na 11,076 35.435 37.545 13,818 Bndl. 16,321 12,490 12,288 9,191 4.421 5,640 364 Bndl. 14,045 567 1,876 7,078 276 1,624 2,222 35.340 11,951 17,025 Bndl. 562 927 100's 1,225 Bag Bndl. 2,235 48,632 1,194 1,693 26,375 1,976 61,240 531 835 30,050 100's 3.571 5.910 4.492 5.750 3.385…
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3. Suppose an economy has two years worth of data, years 1 and 2. Sup- pose there are also two goods, bread and corn. Suppose, in year one, 30 units of corn are sold at a price of 1 $ and 20 units of bread are sold at a price of 2 S. Suppose in year two, 60 units of corn are sold at a price of 1.5 $ and 80 units of bread are sold at a price of 4 $. Compute nominal GDP in both periods. Compute real GDP under both defini tions of a base year. Compute also a chain weighted real GDP series. For all three measures, compute the GDP deflator
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quiz/attempt.php?attempt%3D321446&cmid%3D203021 200 0.01. Double counting can be avoided by Lütfen birini seçin: O A. including the value of intermediate goods in the current year. O B. not counting the value of intermediate goods in GDP OC including the value of intermediate goods in the GNP but not in the GDP. O D. including the value of intermediate goods in the production year but not in the selling year of those goods. O E. none of the answers SONRAKİ SAY