Year 1 -2345 Output of Cheese 7 10 13 16 25 Price $15 18 25 23 21 Price Index PI: 120, NGDP: $180, RGDP: $150 PI: 100, NGDP: $105, RGDP: $105 NGDP What is the PRICE INDEX, NGDP, AND RGDP for YEAR 5? Pl: 140, NGDP: $525, RGDP: $375 PI: 100, NGDP: $520, RGDP: $375 RGDP

Year 1 -2345 Output of Cheese 7 10 13 16 25 Price $15 18 25 23 21 Price Index PI: 120, NGDP: $180, RGDP: $150 PI: 100, NGDP: $105, RGDP: $105 NGDP What is the PRICE INDEX, NGDP, AND RGDP for YEAR 5? Pl: 140, NGDP: $525, RGDP: $375 PI: 100, NGDP: $520, RGDP: $375 RGDP

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Year
1
-2345
Output of
Cheese
7
10
13
16
25
Price
$15
18
25
23
21
Price Index
NGDP
What is the PRICE INDEX, NGDP, AND RGDP for YEAR 5?
Pl: 140, NGDP: $525, RGDP: $375
PI: 100, NGDP: $520, RGDP: $375
PI: 120, NGDP: $180, RGDP: $150
PI: 100, NGDP: $105, RGDP: $105
RGDP

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