that produces the following goods and services. (Jadual 1 menunjukkan beberapa data harga dan kuantiti untuk sebuah ekonomi sederhana vang menghasilkan barang dan perkhidmatan berikut.] Table 1: Price and quantity for three types of product [Jadual 1: Harga dan kuantiti untuk tiga jenis produk] Product Year 2017 [Tahun 2017] Price Year 2018 [Tahun 2018] Price Year 2019 [Tahun 2019] Price (RM) [Harga (RM)] 1.25 [Produk) Quantity [Kuantiti] Quantity Quantity (RM) | [Kuantiti] [Harga (RM)] 1 (RM) | [Kuantiti] [Harga (RM)] 1 A 180 200 200 В 90 75 90 0.5 100 100 120 0.6 675 600 0.5 630

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
icon
Related questions
Question

Compute the values of real GDP and GDP deflator in 2018 and 2019 (using 2017 as the base year)

(b)
Table 1 shows some data on the prices and quantities for a simple economy
that produces the following goods and services.
[Jadual 1 menunjukkan beberapa data harga dan kuantiti untuk sebuah ekonomi sederhana
yang menghasilkan barang dan perkhidmatan berikut.]
Table 1: Price and quantity for three types of product
[Jadual 1: Harga dan kuantiti untuk tiga jenis produk]
Year 2017
[Tahun 2017]
Quantity
[Kuantiti]
Product
Year 2018
Year 2019
[Tahun 2018]
Quantity
[Kuantiti]
[Tahun 2019]
Quantity
[Kuantiti]
[Produk)
Price
Price
Price
(RM)
[Harga
(RM)]
1
(RM)
[Harga
(RM)]
1
(RM)
[Harga
(RM)]
1.25
A
180
200
200
B
90
75
90
100
100
120
C
0.6
675
0.5
600
0.5
630
Transcribed Image Text:(b) Table 1 shows some data on the prices and quantities for a simple economy that produces the following goods and services. [Jadual 1 menunjukkan beberapa data harga dan kuantiti untuk sebuah ekonomi sederhana yang menghasilkan barang dan perkhidmatan berikut.] Table 1: Price and quantity for three types of product [Jadual 1: Harga dan kuantiti untuk tiga jenis produk] Year 2017 [Tahun 2017] Quantity [Kuantiti] Product Year 2018 Year 2019 [Tahun 2018] Quantity [Kuantiti] [Tahun 2019] Quantity [Kuantiti] [Produk) Price Price Price (RM) [Harga (RM)] 1 (RM) [Harga (RM)] 1 (RM) [Harga (RM)] 1.25 A 180 200 200 B 90 75 90 100 100 120 C 0.6 675 0.5 600 0.5 630
Expert Solution
steps

Step by step

Solved in 2 steps with 1 images

Blurred answer
Knowledge Booster
Components of GDP
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
Economics
ISBN:
9780190931919
Author:
NEWNAN
Publisher:
Oxford University Press
Principles of Economics (12th Edition)
Principles of Economics (12th Edition)
Economics
ISBN:
9780134078779
Author:
Karl E. Case, Ray C. Fair, Sharon E. Oster
Publisher:
PEARSON
Engineering Economy (17th Edition)
Engineering Economy (17th Edition)
Economics
ISBN:
9780134870069
Author:
William G. Sullivan, Elin M. Wicks, C. Patrick Koelling
Publisher:
PEARSON
Principles of Economics (MindTap Course List)
Principles of Economics (MindTap Course List)
Economics
ISBN:
9781305585126
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning
Managerial Economics: A Problem Solving Approach
Managerial Economics: A Problem Solving Approach
Economics
ISBN:
9781337106665
Author:
Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher:
Cengage Learning
Managerial Economics & Business Strategy (Mcgraw-…
Managerial Economics & Business Strategy (Mcgraw-…
Economics
ISBN:
9781259290619
Author:
Michael Baye, Jeff Prince
Publisher:
McGraw-Hill Education