Suppose that a simple, imaginary economy produces only two goods: bread and apples.In addition to these two goods, the economy alsoconsumes and importschicken.Using the information below, answer the following questions

	Bread	Apples	Chicken
2019 Quantity	100	200	40
2019 Price	$2.00	$1.20	$2.00
2020 Quantity	150	210	70
2020 Price	$2.00	$1.40	$2.25

Calculate chain-weighted real GDP in 2019, using 2020 as the base year.Remember to round all answers two decimal places and place $ in the units box.

Answer:

(476.76)

($)

Question 30

0 / 2 points

Suppose that a simple, imaginary economy produces only two goods: bread and apples.In addition to these two goods, the economy alsoconsumes and importschicken.Using the information below, answer the following questions

	Bread	Apples	Chicken
2019 Quantity	100	200	40
2019 Price	$2.00	$1.20	$2.00
2020 Quantity	150	210	70
2020 Price	$2.00	$1.40	$2.25

Calculate chain-weighted real GDP in 2020, using 2020 as the base year. Remember to round all answers two decimal placesand place $ in the units box.

Answer:

(594)

($)

Question 31

0 / 2 points

Suppose that a simple, imaginary economy produces only two goods: bread and apples.In addition to these two goods, the economy alsoconsumes and importschicken.Using the information below, answer the following questions

	Bread	Apples	Chicken
2019 Quantity	100	200	40
2019 Price	$2.00	$1.20	$2.00
2020 Quantity	150	210	70
2020 Price	$2.00	$1.40	$2.25

Calculate the GDP deflator in 2019, using 2020 as the base year.Round two decimal places.

Answer:

(91.67)

Question 32

0 / 2 points

Suppose that a simple, imaginary economy produces only two goods: bread and apples.In addition to these two goods, the economy alsoconsumes and importschicken.Using the information below, answer the following questions

	Bread	Apples	Chicken
2019 Quantity	100	200	40
2019 Price	$2.00	$1.20	$2.00
2020 Quantity	150	210	70
2020 Price	$2.00	$1.40	$2.25

Calculate the GDP deflator in 2020, using 2020 as the base year.Round two decimal places.

Answer:

(100)

Question 33

0 / 2 points

Suppose that a simple, imaginary economy produces only two goods: bread and apples.In addition to these two goods, the economy alsoconsumes and importschicken.Using the information below, answer the following questions

	Bread	Apples	Chicken
2019 Quantity	100	200	40
2019 Price	$2.00	$1.20	$2.00
2020 Quantity	150	210	70
2020 Price	$2.00	$1.40	$2.25

Calculate the growth rate in the deflator price level between 2019 and 2020 using 2020 as the base year.Remember to round all answers two decimal places and place % in the units box.