Computer Infor. M 2- r 7: Post-lecture Homework i Saved Help The table below provides information about the cost of inputs and value of output for the production of a road bike. Note there are four different stages of production. Raw materials Manufacturing Construction Sale by the retailer Rubber for one tire ($20) Tire maker sells tires for Bike mechanic puts Retailer sells the $30 each everything together bike for $500 Aluminum for the frame ($80) Frame maker sells bike and sells the bike Other component materials frame and components for a for $365 ($75) total of $240 Instructions: Enter your answers as a whole number. a. What value is added by the supplier of the raw materials? $ es b. What value is added by the tire maker? $ c. What value is added by the maker of the frame and components? $[ d. What value is added by the bike mechanic? $ e. What value is added by the bike store? $ f. What is the total contribution of the bike to GDP? $ ezto.mheducation.com C Library Genesis y! S&P 500 (^GSP... Bb Welcome, Debo... M 8: Pre-lecture H... Untitled docum.. Computer Infor. M 7: Post-le ost-lecture Homework i Saved Help Save Based on the table below, calculate nominal GDP, real GDP, the GDP deflator, and the inflation rate in each year and fill in the missing parts of the table. Use 2016 as the base year. Instructions: Round nominal and real GDP values to two decimal places. Round GDP deflator and inflation rate values to the nearest whole number. Price of Quantity of Price of Quantity of orange beach beach ball Nominal GDP Real GDP Inflation Year oranges ($ ) balls ($) ($) ($ ) GDP deflator rate (%) 2016 500 1. 00 875 6.00 2017 800 1 . 50 900 7. 75 2018 750 1. 65 1000 8.25 4 of 4 Next PreyG Q G ezto.mheducation.com Library Genesis y! S&P 500 (^GSP.. Bb Welcome, Debo... M 4 - Chapter 8:.. Untitled docum.. Computer Infor. M 3 - Chapter 7: P 7: Post-lecture Homework i Saved Help Save & Ex Suppose that the British economy produces two goods: laptops and books. The quantity produced and the prices of these items for 2015 and 2016 are shown in the table below: Year Quantities Produced Price ($) 2015 Laptops = 60 Laptops = 200 Books = 800 Books = ? 2016 Laptops = 70 Laptops = 120 Books = Books = 8 Instructions: In part a, round your answer to two decimal places. In part b, enter your answer as a whole number. In part c, round your answer to one decimal place. a. Let's assume that the base year was 2015, so that real GDP in 2015 equals nominal GDP in 2015. If the real GDP in Britain was $15,000 in 2015, the price of books was: $ b. Using your answer from part (a), if the growth rate in nominal GDP was 15%, books must have been produced in 2016. c. Using your answers from parts (a) and (b), the growth rate in real GDP between 2015 and 2016 was: %.