The table shows some data for an economy which produces only pizzas and tooth paste. The base year is 2018.Calculate real GDP in 2018 and real GDP in 2019 using the chained-dollar method.In 2018ItemQuantityPriceReal GDP in 2018 using the chained-dollar method isPizzas$6 each$7 each99$Tooth paste56Real GDP in 2019 using the chained-dollar method is$4In 2019>>> Answer with a whole number.ItemQuantityPricePizzas114$4 eachTooth paste70$8 eachEnter your answer in each of the answer boxes.MacBook ADDDIIF10F9000888F880F6F7F5F4F3escF1F2@734PY* 00TR%24E.

The table shows some data for an economy which produces only pizzas and tooth paste. The base year is 2018. In 2018 Calculate real GDP in 2018 and real GDP in 2019 using the chained-dollar method. Item Quantity Price Pizzas $6 each $7 each Real GDP in 2018 using the chained-dollar method is 99 Tooth paste 56 Real GDP in 2019 using the chained-dollar method is In 2019 Item Quantity Price >>> Answer with a whole number. $4 each $8 each Pizzas 114 Tooth paste 70

The table shows some data for an economy which produces only pizzas and tooth paste. The base year is 2018. In 2018 Calculate real GDP in 2018 and real GDP in 2019 using the chained-dollar method. Item Quantity Price Pizzas $6 each $7 each Real GDP in 2018 using the chained-dollar method is 99 Tooth paste 56 Real GDP in 2019 using the chained-dollar method is In 2019 Item Quantity Price >>> Answer with a whole number. $4 each $8 each Pizzas 114 Tooth paste 70

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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