Question
The table below is extracted from Khada Republic, Bureau of Statistics records for 2019-2020. Use the information in this table to answer the questions that
The table below is extracted from Khada Republic, Bureau of Statistics records for 2019-2020. Use the information in this table to answer the questions that follow.
Item
Base year 2019
2020
Production (Pr)
Price(P)
Production (Pr)
Price (P)
Used cloth (units)
4,000- Production
50.00- Price
5000- Production
60.00- Price
Components used tractor factory production
8,000- Prodution
500.00- Price
11000- Production
1,200.00- Price
Cloth
8,000- Pr
25.00- P
12,000- Pr
30.00- P
Beef gifts during cultural festival
1,500- Pr
2.00- P
1,700- Pr
3.00- P
Milk litres
5,000- Pr
1.30- P
7,000- Pr
2.50- P
Computers
2000- Pr
500.00- P
2,500- Pr
600.00- P
Printers
500- Pr
300.00- P
400- Pr
355.00- P
Raw materials for car assembling plant
4500- Pr
250.00- P
4450- Pr
300- P
i.Calculate Khada Republic's nominal GDP, real GDP in 2020 and GDP deflator
(6 marks)
ANSWER:
ii.Examine the importance of a GDP deflator for Khada Republic (1 Mark)
ANSWER:
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Rural Development And Urban-Bound Migration In Mexico
Authors: Arthur Silvers, Pierre Crosson
1st Edition
1317270681, 9781317270683
