Friday
August 1, 2014

Homework Help: economics

Posted by mack on Tuesday, August 10, 2010 at 11:33pm.

1. Use the following information to answer the questions below:
Quantities Produced Prices
CDs Tennis Racquets CDs Tennis Racquets
Year 2004 100 200 20 110
Year 2005 120 210 22 120

a. Calculate real GDP using prices from 2004. By what percent did real GDP grow?

b. Calculate the value of the price index for GDP for 2005 using 2004 as the base year. By what percent did prices increase?

Answer this Question

First Name:
School Subject:
Answer:

Related Questions

Economics - Help The answer i got is : GDP grew 10% GDP for 2006 using 2005 as ...
Economics - The answer i got is : GDP grew 10% GDP for 2006 using 2005 as the ...
economics - Suppose that people consume only three goods, as shown in this table...
Algebra - Natalie earns $2.50 for each CD she sells and $3.50 for each DVD she ...
Algebra - Natalie earns $2.50 for each CD she sells and $3.50 for each DVD she ...
Math - Tell whose CD collection has the greater ratio of rock CDs to total CDs. ...
Business/ideas - I need to answer questions about Prince tennis. One of the ...
Economics(Please respond, thank you) - The table below shows the market basket ...
elementary - nuber sense minnie has 6 county cds and 5 rock cds.amanda has 5 ...
economics - Find the CPI for each year(2005 is he base year;and take 2005 as the...

Search
Members