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The country of Sylvania produces and consumes only three goods: Red Bull, pizza, and T-shirts. The quantity produced and price of each good in 2011 and 2012 are given in the following table: T-Shirts Red Bull (cans) Pizza (slices) 2011 Quantity 80 510 1030 was and the GDP Price $25 $1 $3 Based on your answer above, the percentage change in real GDP between 2011 and 2012 was necessary.) Using 20 as base year, the GDP Based on your answer above, the percentage change in prices between 2011 and 2012 was necessary.) 2012 Nominal GDP in 2011 was $ 5600 and nominal GDP in 2012 was $9120. (Enter your responses as integers.) If 2011 is the base year, real GDP in 2011 was $5600 and real GDP in 2012 was $5760. (Enter your responses as integers.) Based on your answer above, the percentage change in real GDP between 2011 and 2012 was 2.86 percent. (Round your response to two decimal places and use a minus sign necessary.) If 2012 is the base year, real GDP in 2011 was $ and real GDP in 2012 was $ Quantity 96 510 950 ator in 2012 was Price $25 $2 $6 (Enter your responses as integers.) percent. (Round your response to two decimal places and use a minus sign if Round your responses to one decimal place.) percent. (Round your responses to one decimal place and use a minus sign if

The country of Sylvania produces and consumes only three goods: Red Bull, pizza, and T-shirts. The quantity produced and price of each good in 2011 and 2012 are given in the following table: T-Shirts Red Bull (cans) Pizza (slices) 2011 Quantity 80 510 1030 was and the GDP Price $25 $1 $3 Based on your answer above, the percentage change in real GDP between 2011 and 2012 was necessary.) Using 20 as base year, the GDP Based on your answer above, the percentage change in prices between 2011 and 2012 was necessary.) 2012 Nominal GDP in 2011 was $ 5600 and nominal GDP in 2012 was $9120. (Enter your responses as integers.) If 2011 is the base year, real GDP in 2011 was $5600 and real GDP in 2012 was $5760. (Enter your responses as integers.) Based on your answer above, the percentage change in real GDP between 2011 and 2012 was 2.86 percent. (Round your response to two decimal places and use a minus sign necessary.) If 2012 is the base year, real GDP in 2011 was $ and real GDP in 2012 was $ Quantity 96 510 950 ator in 2012 was Price $25 $2 $6 (Enter your responses as integers.) percent. (Round your response to two decimal places and use a minus sign if Round your responses to one decimal place.) percent. (Round your responses to one decimal place and use a minus sign if

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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i need help with the last 6 problems left blank - 

If 2012 is the base​ year, real GDP in 2011 was
​$enter your response here
 
and real GDP in 2012 was
​$enter your response here
 
.
​(Enter
your responses as
integers​.)
 
Based on your answer​ above, the percentage change in real GDP between 2011 and 2012 was
enter your response here
 
percent.
​(Round
your response to two decimal places and use a minus sign if
necessary​.)
 
Using 2011 as the base​ year, the GDP deflator in 2011 was
enter your response here
 
and the GDP deflator in 2012 was
enter your response here
 
.
​(Round
your responses to one decimal
place.​)
 
Based on your answer​ above, the percentage change in prices between 2011 and 2012 was
enter your response here
 
percent.
​(Round
your responses to one decimal place and use a minus sign if
necessary​.)
The country of Sylvania produces and consumes only three goods: Red Bull, pizza, and T-shirts. The quantity produced and price of each good in 2011 and 2012 are given in the following table: 2011 2012 Quantity Price Quantity Price T-Shirts 80 $25 96 $25 Red Bull (cans) 510 $1 510 $2 Pizza (slices) 1030 $3 950 $6 Nominal GDP in 2011 was $ 5600 and nominal GDP in 2012 was $9120. (Enter your responses as integers.) If 2011 is the base year, real GDP in 2011 was $ 5600 and real GDP in 2012 was $5760. (Enter your responses as integers.) Based on your answer above, the percentage change in real GDP between 2011 and 2012 was 2.86 percent. (Round your response to two decimal places and use a minus sign if necessary.) If 2012 is the base year, real GDP in 2011 was $ and real GDP in 2012 was $ (Enter your responses as integers.) Based on your answer above, the percentage change in real GDP between 2011 and 2012 was percent. (Round your response to two decimal places and use a minus sign if necessary.) Using 2011 as the base year, the GDP deflator in 2011 was and the GDP deflator in 2012 was (Round your responses to one decimal place.) Based on your answer above, the percentage change in prices between 2011 and 2012 was percent. (Round your responses to one decimal place and use a minus sign if necessary.)
Transcribed Image Text:The country of Sylvania produces and consumes only three goods: Red Bull, pizza, and T-shirts. The quantity produced and price of each good in 2011 and 2012 are given in the following table: 2011 2012 Quantity Price Quantity Price T-Shirts 80 $25 96 $25 Red Bull (cans) 510 $1 510 $2 Pizza (slices) 1030 $3 950 $6 Nominal GDP in 2011 was $ 5600 and nominal GDP in 2012 was $9120. (Enter your responses as integers.) If 2011 is the base year, real GDP in 2011 was $ 5600 and real GDP in 2012 was $5760. (Enter your responses as integers.) Based on your answer above, the percentage change in real GDP between 2011 and 2012 was 2.86 percent. (Round your response to two decimal places and use a minus sign if necessary.) If 2012 is the base year, real GDP in 2011 was $ and real GDP in 2012 was $ (Enter your responses as integers.) Based on your answer above, the percentage change in real GDP between 2011 and 2012 was percent. (Round your response to two decimal places and use a minus sign if necessary.) Using 2011 as the base year, the GDP deflator in 2011 was and the GDP deflator in 2012 was (Round your responses to one decimal place.) Based on your answer above, the percentage change in prices between 2011 and 2012 was percent. (Round your responses to one decimal place and use a minus sign if necessary.)
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