Question
Katniss works for the Panem Bureau of Economic Analysis. Panem produces three goods: bread and axes, as well as wheat, which is used to make
Katniss works for the Panem Bureau of Economic Analysis. Panem produces three goods: bread and axes, as well as wheat, which is used to make bread. The table below records the quantities and market prices of each good produced in 2020.
Good produced | Quantity | Market price (in dollars) |
bread | 7,000.00 loaves | 8.00 |
wheat | 1,750.00 bushels | 2 |
axes | 600.00 axes | 55.00 |
Assuming Panem does not produce anything else in 2020, GDP is equal to $ ___.
Assume that from 2020 to 2021, Panem's GDP grows by 12.00% and that the population of Panem grows from 200 to 218.00. Therefore, Panem's per capita GDP growth is___% (round your answers to two decimal places).
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