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Katnissworks for the Panem Bureau of Economic Analysis. Panem produces three goods:breadandaxes, as well aswheat, which is used to makebread. The table below records the
Katnissworks for the Panem Bureau of Economic Analysis. Panem produces three goods:breadandaxes, as well aswheat, which is used to makebread. The table below records the quantities and market prices of each good produced in 2020.
Good produced | Quantity | Market price (in dollars) |
bread | 6,000.00loaves | 9.00 |
wheat | 1,500.00bushels | 2 |
axes | 1,000.00axes | 55.00 |
Assuming Panem does not produce anything else in 2020, GDP is equal to $ .
Part 2(1point)
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Assume that from 2020 to 2021, Panem's GDP grows by20.00% and that the population of Panem grows from200to220.00. Therefore, Panem's per capita GDP growth is % (round your answers to two decimal places).
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