The table shows some data for an economy which produces only pizzas and tooth paste. The base year is 2018. In 2018 Calculate the value of 2019 production in 2018 prices and the percentage increase in production when valued at 2018 prices. Item Quantity Price $4 each $5 each Pizzas 93 Tooth paste 53 The value of 2019 production in 2018 prices: $764 The percentage increase in production when valued at 2018 prices is percent. >>> Answer to 1 decimal place. In 2019 Item Quantity Price $5 each $8 each Pizzas 106 Tooth paste 68
The table shows some data for an economy which produces only pizzas and tooth paste. The base year is 2018. In 2018 Calculate the value of 2019 production in 2018 prices and the percentage increase in production when valued at 2018 prices. Item Quantity Price $4 each $5 each Pizzas 93 Tooth paste 53 The value of 2019 production in 2018 prices: $764 The percentage increase in production when valued at 2018 prices is percent. >>> Answer to 1 decimal place. In 2019 Item Quantity Price $5 each $8 each Pizzas 106 Tooth paste 68
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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![Question He
The table shows some data for an economy which produces only pizzas and tooth paste. The base year is 2018.
In 2018
Calculate the value of 2019 production in 2018 prices and the percentage increåse in production when valued at 2018
prices.
Item
Quantity
Price
Pizzas
$4 each
$5 each
93
The value of 2019 production in 2018 prices: $764
Tooth paste
53
The percentage increase in production when valued at 2018 prices is percent.
>>> Answer to 1 decimal place.
In 2019
Item
Quantity
Price
Pizzas
106
$5 each
Tooth paste
68
$8 each
Enter your answer in each of the answer boxes.
MacBook A
DII
DD
F10
80
888
F9
F7
F8
F6
F4
F5
F3
esc
F2
F1
23
%24
7
1
2
3
P
R.
Y
* 00
つ
T](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fa189223a-ae85-44b4-9613-606f8ee11505%2Fd27207da-f6ae-407c-9a51-8a2d8192abb8%2Fxit0hb_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Question He
The table shows some data for an economy which produces only pizzas and tooth paste. The base year is 2018.
In 2018
Calculate the value of 2019 production in 2018 prices and the percentage increåse in production when valued at 2018
prices.
Item
Quantity
Price
Pizzas
$4 each
$5 each
93
The value of 2019 production in 2018 prices: $764
Tooth paste
53
The percentage increase in production when valued at 2018 prices is percent.
>>> Answer to 1 decimal place.
In 2019
Item
Quantity
Price
Pizzas
106
$5 each
Tooth paste
68
$8 each
Enter your answer in each of the answer boxes.
MacBook A
DII
DD
F10
80
888
F9
F7
F8
F6
F4
F5
F3
esc
F2
F1
23
%24
7
1
2
3
P
R.
Y
* 00
つ
T
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