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For a simple economy on below table only produce 4 product and services (Book, Burger, Shirts, Cotton). Please note that all cottons will be used
For a simple economy on below table only produce 4 product and services (Book, Burger, Shirts, Cotton). Please note that all cottons will be used in shirts production (cotton isn't final product). Base year is 2000 Year: 2000 Year: 2009 Year: 2010 Product Qty Price USD Qty Price USD Qty Price USD Book 90 USD 50.00 100 USD 60.00 100 USD 65.00 Burger 75 USD 2.00 100 USD 2.00 120 USD 2.25 Shirt 50 USD 30.00 50 USD 25.00 65 USD 25.00 Cotton 10000 USD 0.80 8000 USD 0.60 12000 USD 0.70 A. Calculate inhibitory (retractile: contractile) for GDP for years 2009 and 2010 B. Calculate Consumer Price Index (CPI) for years 2009 and 2010 C. Calculate Inflation rate Using a GDP inhibitor for year 2010 D. Calculate Inflation rate using CPI for year 2010 E. Calculate GDP Growth rate for year 2010
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