The table displays price and quantity information for two vehicle models produced by Ford Motor Company, the F-series trucks and Escape SUVS. 2016 2017 Price Quantity Price Quantity Escape SUVS $24,485 307,069 $24,645 308,296 F-series trucks $44,400 820,799 $47,800 896,764 Round all numerical answers to two decimal places. a. Calculate the amount contributed by Ford to U.S. real and nominal GDP from the sales of the two models in 2016 and 2017.

Other goods per month 2. (10 points) RB Inc., is a wholesaler specializing in dry foods, such as rice and dry beans. Assume that these dry goods are all considered inferior goods. RB, Inc.'s manager is troubled by a recent article in The Wall Street Journal that says a recession is imminent and that income will fall by 3 percent over the next year. What do you think is likely to happen to the equilibrium price of the products RB Inc. sells, if there is a recession and income falls? You have to explain what is expected to happen to demand and/or supply and therefore to the equilibrium price. You may include a graph if you wish to. 3. (10 points) (a) Angela 1112 (b) Betty Other goods per month 2 3 L' L², BOGOF 3 Rooms, Nights per month L2, BOGOF 4 Rooms, Nights per month (BOGOF indicates the Buy Three Get One Free budget line, which is L² in both graphs)) Angela and Betty are deciding how many nights to stay at a resort. Given above are the budget lines and indifference curves for both…

number 12 please

40. The following are the prices of commodities in 2016 and 2017. Calculate a price index based on price relatives, using the geometric mean: Commodity D. Year E F 85 90 120 130 50 45 55 60 70 20 30 2016 2017 75