14. Assume that bagels and cream cheese are complements. What will happen to the equilibrium price of cream cheese if the price of bagels rises? 15. If incomes in Northern Jersey should increase, what would happen to ridership on public transportation if public transportation is an inferior good? 16. If consumers expect a sale next month on a product they desire, what would happen to consumers' demand this month? (increase, decrease, remain the same, cannot be determined) 17. Tom grows peppers in his garden for his own consumption. These peppers are quite valuable. Should this activity be included in GDP statistics? Briefly explain why or why not. 18. Which national income account should be examined to discover trends in the after tax income that people have to save and spend? 19. Calculate the GDP from the following data: Consumption $1,000 Exports 100 Government expenditures 600 Imports 140 Gross investments 75 Net investments 40 Taxes 80 20. Calculate the real GDP for Year 2 from the following data. Year 1 is the base year. Show all work. Year Quantity of Output Price of wheat Price Index 1 10 $10 1.00 2 12 20 2.00 3 11 30 3.00 4 20 40 4.00 21. From the above data briefly describe the real economy in the Year 3