The data in the table below show the total output (a mixture of consumer, capital, and government services) and the prices of each product for the distant country of Vindaloo. (All figures are in billions and the base year is 2015.) a. Complete the table below. 10 11 12 2015 2016 2017 2016 2017 Prices 2015 Item Qty Nominal GDP Qty Nominal GDP Real GDP Qty Nominal GDP Real GDP Prices Prices 256 O 324 O 40e O Pizzas 32 $8 36 $9 40 $10 Movie tickets 208 O 22 24 26 Farm tractors 4 105 420 5. 95 475 110 660 Parking meters 6 40 240 50 350 4. 60 240 Totals 1048 1341 1508 OlololO olololo

The data in the table below show the total output (a mixture of consumer, capital, and government services) and the prices of each product for the distant country of Vindaloo. (All figures are in billions and the base year is 2015.) a. Complete the table below. 10 11 12 2015 2016 2017 2016 2017 Prices 2015 Item Qty Nominal GDP Qty Nominal GDP Real GDP Qty Nominal GDP Real GDP Prices Prices 256 O 324 O 40e O Pizzas 32 $8 36 $9 40 $10 Movie tickets 208 O 22 24 26 Farm tractors 4 105 420 5. 95 475 110 660 Parking meters 6 40 240 50 350 4. 60 240 Totals 1048 1341 1508 OlololO olololo

Brief Principles of Macroeconomics (MindTap Course List)

8th Edition

ISBN:9781337091985

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter7: Production And Growth

Section: Chapter Questions

Problem 5CQQ

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