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Please answer these questions for me I'm stuck. I really would like just an answer please and thank you but, if you care to give
Please answer these questions for me I'm stuck. I really would like just an answer please and thank you but, if you care to give an explanation I'll take it
Principles of Macroeconomics HW #2 Name: James Burks| 1. Using the data below, find the next set of questions: Output Quantities Prices At t 40m $5 25m $2 2m $15 At t+1 A 60m $4 10m 5m $10 a. Derive the base-year-quantity price index. b. Derive the current-year-quantity price index. c. Assuming that this economy produces only the three goods listed above, derive the real GDP for the year t+1. 2. Fill in the blanks in the following table of GDP statistics (in billions of dollars). 1980 1990 2000 Nominal GDP 2789.5 9817.0 Real GDP 5165.7 7112.5 GDP Deflator 81.6 100.0
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