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7. The Nation of FRICK can produce twenty-four bushels of corn an hour; While the Nation of FRACK can pick forty bushels. If the Nation
7. The Nation of FRICK can produce twenty-four bushels of corn an hour; While the Nation of FRACK can pick forty bushels. If the Nation of Frick spends her hours fishing, she can catch six fish; while the Nation of FRACK can catch eight fish in the same amount of time. a. What is the opportunity cost of a fish? Alta Zorn Alta Zorn Year (Real GDP) (Real GDP) (Population) (Population) 1 $2,000 $150,000 200 500 2 2,100 152,000 202 505 3 2.200 154,000 210 508 10. Refer to the above table. Between years 1 and 2, real GDP grew by percent in Zom. (Y must show calculations) (5points) GDP/Capita yr. 1-2000/200-10 GDP/Capita yr. 2-2100/202-10.40 % of increase 10.40-10/10 x 100-3.96%-4% What is the percentage change in per capita GDP between years 2 & 3 for the Nation of Zor (You must show calculations) (6points) Change in GDP/in yr. 2 and yr. 3-2200-2100/2100 x 100-4.76 %
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