Business, 13.01.2020 21:31 dondre54

Goods 1990 quantities 1990 prices 2012 quantities 2012 prices
papayas 10 $1.00 20 $0.50
fish 15 $0.60 20 $0.80
skirts 8 $4.00 15 $4.00

refer to the above data

assuming that 1990 is the base year, real gdp in 2012 is:

a. $49
b. $51
c. $86
d. $92.
e. not possible to calculate without the cpi.

gdp in 1990 is:

a. $92
b. $49
c. $31
d. $86
e. impossible to calculate without the cpi

gdp in 2012 is:
a. $51
b. $86
c. $92
d. $49
e. not possible to calculate without the cpi

Answers: 2

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Goods 1990 quantities 1990 prices 2012 quantities 2012 prices
papayas 10 $1.00 20 $0.50

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