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mit: 1:25:00 Time Left:1:12:03 Olivia Markley: Attempt 1 Suppose a simple economy produces five goods: books, cups of coffee, oranges, orange juice, and fork lifts

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mit: 1:25:00 Time Left:1:12:03 Olivia Markley: Attempt 1 Suppose a simple economy produces five goods: books, cups of coffee, oranges, orange juice, and fork lifts (the fork lifts are a final investment expenditure purchased only by the firm as a final investment good). Additionally, all the oranges are used to make the orange juice and thus are intermediate goods. The production numbers for the domestic goods are below: 2: Year 2018 Year 2019 Quantity Price Quantity Price Books 100 $20.00 120 $22.00 Cups of Coffee 1000 e 3: $6.00 1200 $7.00 Fork Lifts 10 $200.00 15 $500.00 Oranges 400 $1.00 410 $1.25 Orange Juice 200 $3.00 250 $3.25 irds ge 4: Calculate the chain-weighted growth rate between 2018 and 2019. Make sure to include the % symbol and to round two decimal places age 5: Using 2019 as the base year, calculate the chain-weighted real GDP in 2018. Don't forget to 5 put a $ with your answer and round two decimal places. A/ Page 6

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