i have some questionsin the Attachments of Principles of Macroeconomics i need you to answers them
i need you to ansewres the questions as soon as possible
|
|
Year 2005 |
Year 2006 |
||
|
Item |
Quantity |
Price (per unit) |
Quantity |
Price (per unit) |
|
Pizza
|
1,000 |
$10 |
1,200 |
$15 |
|
Lemonade
|
5,000 |
$2 |
6,000 |
$2 |
Table 1
6. Table 1 above gives the production and prices for a small nation that produces only pizza and lemonade. The base year is 2005. What is real GDP in 2006?
A. $20,000
B. $24,000
C. $25,000
D. $30,000
11. The data in Table 2 above shows the consumption by families in an economy. The year 2009 is the base year. What is the CPI for 2010?
|
Item |
Quantity (2009) |
Price per unit (2009) |
Quantity (2010) |
Price per unit (2010) |
|
Magazines |
400 |
$5.00 |
400 |
$4.50 |
|
Movie tickets |
50 |
$6.00 |
50 |
$8.00 |
A. 95.65
B. 100
C. 220
D. 104.55
E. 230