Use the following information to calculate:                         ______________     __2000___________________2020_________ Product_____     _P_______     Q___________P_________Q_____                            Textbooks          $40                100               $100                120                         Hamburgers           2                200                     5                250                         Shirts                   10                  50                   30                100                         Computers         250                  40                 200                100   The changes in the cost of living between the given dates, relying on both Laspeyres and Paasche price indices. The change in the cost of living based on the Fisher price index.

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% Robots on the farm Commercial farms of the future may be staffed by robots that will identify, spray, and pick individual pieces of produce from plants, even when their targets are grapes, peppers, and apples that are as green as the leaves that surround them. Robots could also offer a timely supply of labor in many places, where there simply aren't enough itinerant workers available at the right times in the harvesting cycle. Source: ABC News, April 17, 2011 How will the use of robots change the value of marginal product of farm workers? Robots will the value of marginal product of fruit pickers. A. decrease OB. increase O c. have no effect on O D. decrease to zero OE. sometimes increase and sometimes decrease 6 COM & 7 8 C 9 # 0 Next mpts tact Us | =S

The following table contains information about an economy that produces only soda and pizza. The base year is 2020. Use this information to answer the question. Year Price of Soda Quantity of Soda 2020 100 $10 2021 120 12 2022 120 14 What is the approximate percentage increase in prices from 2021 to 2022? a. 0 percent b. 13 percent c. 16 percent d. 22 percent e. 38 percent $3 3 4 Price of Pizza Quantity of Pizza 50 70 70

Additional Problem 3 Appendix Question Help An economy produces only food and fun. The table shows the quantities produced and prices in 2018 and 2019. The base year is 2019. In 2018 Calculate the value of 2018 production in 2019 prices and the percentage change in production when valued at 2019 prices. Item Quantity Price Food 100 $1 The value of 2018 production in 2019 prices is $ Fun 71 $3 In 2019 Item Quantity Price Food 73 $6 Fun 69 $8 Enter your answer in the answer box and then click Check Answer. Check Answer Clear All 1 part remaining DII DD F12 F11 F10 O00 000 F9 F8 吕0 F7 F6 F5 F4 F3 esc F2 F1 & 2$ % @ 7 8 2 3 4 1 { P | W E R Q

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[Related to Don't Let This Happen To You!] Use the data for the country of New Finlandia in the following table to calculate the following: REAL GDP PER CAPITA (2005 PRICES) YEAR 2010 2011 2012 2013 2014 $41,618 42,736 42,145 43,487 43,186 (HINT: Remember from the previous chapter that the average annual growth rate for relatively short periods can be approximated by averaging the growth rates of those years.) a. The percentage increase in real GDP per capita between 2010 and 2014 is %. (Enter your response rounded to two decimal places.) b. The average annual growth rate in real GDP per capita between 2010 and 2014 is %. (Enter your response rounded to two decimal places.)

1.3 Read the following extract and answer questions 1.3-1.5.South Africa’s economy grew by 1.1% in the first quarter of the year (4 marks)Stats SA has published the latest gross domestic product (GDP) data covering the first quarter of the year, showing that the economy grew by 1.1% in the first three months of 2021.The growth follows a revised 1.4% rise in real GDP in the fourth quarter of 2020. On an annualised basis, the economy grew 4.6% quarter-on-quarter.Following confusion caused by the annualisation of GDP data in 2020 – amid the Covid-19 pandemic and resulting lockdowns – Stats SA said it would no longer use the annualised data as the headline GDP statistic.During periods of steady economic growth, annualising is a useful way of expressing quarter-on-quarter performance in annual terms, Stats SA said. However, during periods of economic instability, annualising can be misleading, because it exaggerates growth rates that are unlikely to be repeated.Source:…