The economy of Tuland produces only two products oranges and computer software. The following information is available for production and prices of Tuland's products for the years 2009 and 2010. Quantity of oranges Quantity of computer software Price of oranges Price of computer software 2009 10 2 $2.00 $20.00 Using above information, calculate the following values. Real GDP for 2009 using 2009 as base year equals $ rounded to two decimal places.) 2010 11 3 $2.10 $18.00 (Enter your response

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
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Chapter1: Making Economics Decisions
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K
The economy of Tuland produces only two products oranges and
computer software. The following information is available for production and prices of
Tuland's products for the years 2009 and 2010.
2009
10
2
$2.00
$20.00
2010
11
3
$2.10
$18.00
Quantity of oranges
Quantity of computer software
Price of oranges
Price of computer software
Using above information, calculate the following values.
Real GDP for 2009 using 2009 as base year equals $ (Enter your response
rounded to two decimal places.)
Transcribed Image Text:K The economy of Tuland produces only two products oranges and computer software. The following information is available for production and prices of Tuland's products for the years 2009 and 2010. 2009 10 2 $2.00 $20.00 2010 11 3 $2.10 $18.00 Quantity of oranges Quantity of computer software Price of oranges Price of computer software Using above information, calculate the following values. Real GDP for 2009 using 2009 as base year equals $ (Enter your response rounded to two decimal places.)
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