The information in the table identifies the quantities of three goods produced in a simple economy in 2010 and 2011, and the prices that the goods sold for in each of the two years. The base year is 2010. Item Quantity 2010 Price 2010 Price 2011 Quantity 2011 Movie tickets 4 $11.8 $15 Bags of popcorn 6 $6.2 $8 8 Drinks of soda 4 $4.1 $6 Real GDP in 2011 is equal to how much? Enter a number rounded to one decimal place.
The information in the table identifies the quantities of three goods produced in a simple economy in 2010 and 2011, and the prices that the goods sold for in each of the two years. The base year is 2010. Item Quantity 2010 Price 2010 Price 2011 Quantity 2011 Movie tickets 4 $11.8 $15 Bags of popcorn 6 $6.2 $8 8 Drinks of soda 4 $4.1 $6 Real GDP in 2011 is equal to how much? Enter a number rounded to one decimal place.
Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter19: The Macroeconomic Perspective
Section: Chapter Questions
Problem 28P: Last year, a small nation with abundant forests cut down 200 worth of trees. It then turned 100...
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![The information in the table identifies the quantities of three goods produced in a simple economy in
2010 and 2011, and the prices that the goods sold for in each of the two years. The base year is 2010.
Item
Quantity 2010
Price 2010
Price 2011
Quantity 2011
Movie tickets
4
$11.8
$15
Bags of popcorn
6
$6.2
$8
Drinks of soda
4
$4.1
$6
6
Real GDP in 2011 is equal to how much? Enter a number rounded to one decimal place.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F2f145243-4090-49e9-b9b1-7e5a19487a5d%2Fb5162154-303d-40f7-893f-db1da7ddd3a3%2F3np56g_processed.jpeg&w=3840&q=75)
Transcribed Image Text:The information in the table identifies the quantities of three goods produced in a simple economy in
2010 and 2011, and the prices that the goods sold for in each of the two years. The base year is 2010.
Item
Quantity 2010
Price 2010
Price 2011
Quantity 2011
Movie tickets
4
$11.8
$15
Bags of popcorn
6
$6.2
$8
Drinks of soda
4
$4.1
$6
6
Real GDP in 2011 is equal to how much? Enter a number rounded to one decimal place.
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