The table below represents the goods that are produced by Siri bread and water are used by the citizens of the city half of all plows are used by the city Council while the rest are used by citizens metal is used to produce plows and Nothing More when necessary use 2013 as the base year the typical consumer buys 10 bread 100 water and two plows. A. Calculate the real GDP for all years B. Calculate the GDP deflator for all years

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The table below represents the goods that are produced by Siri bread and water are used by the citizens of the city half of all plows are used by the city Council while the rest are used by citizens metal is used to produce plows and Nothing More when necessary use 2013 as the base year the typical consumer buys 10 bread 100 water and two plows.

A. Calculate the real GDP for all years

B. Calculate the GDP deflator for all years

c. 

Bread
Water
Plows
Metal
Price
Quantity
Price
Quantity
Quantity
1000 $150
Price
Quantity
Price
2011
$2
100
$1
60
$43
800
2012
$3
110
$1
1100 $200
70
$44
875
2013
$3
120
$1
1100 $200
70
$46
900
2014
$5
120
$2
1100 $210
40
$49
934
Transcribed Image Text:Bread Water Plows Metal Price Quantity Price Quantity Quantity 1000 $150 Price Quantity Price 2011 $2 100 $1 60 $43 800 2012 $3 110 $1 1100 $200 70 $44 875 2013 $3 120 $1 1100 $200 70 $46 900 2014 $5 120 $2 1100 $210 40 $49 934
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