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Question 13 (1 point) Suppose a small island near the Middle East produces oil, which is extracted from the ground, and olive oil, from
Question 13 (1 point) Suppose a small island near the Middle East produces oil, which is extracted from the ground, and olive oil, from all of the olives grown on the island. The information in the following table shows the amount of oil, olive oil, and olives produced in 2008, 2018, and 2019. Calculate real GDP for 2018 using 2008 as the base year for the calculations. Provide your answer in dollars rounded to two decimal places. Do not include any symbols, such as "$," "%," or "," in your answer. 2008 2018 2019 Product Oil (in barrels) Olive Oil (in Quantity Price Quantity Price Quantity Price 27 $86 35 $118 38 $93 bottles) 100 Olives (in bushels) 50 44. 10 130 1. 10 135 65 6 65 27 Your Answer: Answer Question 14 (1 point) Suppose a small island near the Middle East produces oil, which is extracted from the ground, and olive oil, from all of the olives grown on the island. The information in the following table shows the amount of oil, olive oil, and olives produced in 2008, 2018, and 2019. Calculate real GDP for 2019 using 2008 as the base year for the calculations. Provide your answer in dollars rounded to two decimal places. Do not include any symbols, such as "$," ,"%," or "," in your answer. 2008 2018 Quantity Price Quantity Price Quantity 2019 Product Oil (in barrels) Olive Oil (in Price 25 $83 35 $110 41 $93 bottles) Olives (in bushels) 100 50 110 130 65 150 10 135 14 65 7 Your Answer: Answer
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