Intermediate Macroeconomics 3311

Homework: Chapter 2 Homework Score: 0 of 1 pt 6 of 11 (10 complete) X Text Problem 6abc An economy produces three goods: cars, computers, and oranges. Quantities and prices per unit for years 2009 and 2010 are as follows: 2009 2010 Quantity Price Quantity Price Cars 11 $4,000 12 $6,000 Computers 5 $1,200 6 $600 Oranges 1,200 $1 1.400 $2 2009 2010 Nominal GDP $51,200 $78,400 Average Prices 2009-2010 Cars $5,000.00 Computers $ 900.00 Oranges $1.50 Using the average prices for all three goods, real GDP in 2009 is $ 7. (Enter your response as an integer.) Enter your answer in the answer box and then click Check Answer 5 parts remaining Clear All M lenovo