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please only answer questions, 6,7,8,9,10 ... i already have the answers 1-5 The table below represents the entire set at goods produced on Family Island.
please only answer questions, 6,7,8,9,10 ... i already have the answers 1-5
The table below represents the entire set at goods produced on Family Island. Corn is used to produce chicken feet! and has nu other use. Clay pots and chicken feed are purchased by the citieens of Family Island. while the knives are bourt by the elders. When necessary. use 'rear 3 as the base year. The typlcal consumer purchases 2 clay pots and 5 bags of chicken teed. Chicken Feed Price Quantity Price Quantity $10 2'] Calculate Real GDP for all years. {d ms.) Calculate GDP deflator for all years. [at pts.l Calculate the GDP growth rate for all adjacent years. {4 ptsl Calculate the basket costs for all years. {4 pts.| Calculate CPI for all years. {-1 puts] Calculate inflatlen for all adjacent years. {-1 ate} ephemeris-=91 of real wages? [4 pts.) In which year were Clay ports the most expertsiye in real terms? Show work. {6 pts.) Bob earned SZthrur in Year 1 and SBthour in Year 4. Which year was better in terms In. If the nominal interest rate was 5% from Year 1 to Year 4, would it be better for you to spend your money or save it? Explain. [5 [Its]Step by Step Solution
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