4- Assume that in Berberistan only three goods are produced: coffee, tea, and cheesecake. The table below shows the prices and quantities of the three goods in 2018, 2019 and 2020. (Take 2018 as the...

4-<br>Assume that in Berberistan only three goods are produced: coffee, tea, and<br>cheesecake. The table below shows the prices and quantities of the three goods in 2018,<br>2019 and 2020. (Take 2018 as the base year when necessary)<br>2018<br>2019<br>2020<br>Quantity<br>price quantity Price<br>quantity Price<br>Coffee<br>2<br>20<br>6.<br>10<br>5<br>12<br>Tea<br>20<br>2<br>20<br>25<br>3<br>Cheesecake<br>15<br>8.<br>10<br>10<br>15<br>a) What is the nominal GDP in 2019.<br>b) What is the nominal GDP in 2020.<br>c) What is the real GDP in 2019.<br>d) What is the real GDP in 2020.<br>e) What is the real economic growth from 2019 to 2020.<br>

Extracted text: 4- Assume that in Berberistan only three goods are produced: coffee, tea, and cheesecake. The table below shows the prices and quantities of the three goods in 2018, 2019 and 2020. (Take 2018 as the base year when necessary) 2018 2019 2020 Quantity price quantity Price quantity Price Coffee 2 20 6. 10 5 12 Tea 20 2 20 25 3 Cheesecake 15 8. 10 10 15 a) What is the nominal GDP in 2019. b) What is the nominal GDP in 2020. c) What is the real GDP in 2019. d) What is the real GDP in 2020. e) What is the real economic growth from 2019 to 2020.

Jun 07, 2022

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4- Assume that in Berberistan only three goods are produced: coffee, tea, and cheesecake. The table below shows the prices and quantities of the three goods in 2018, 2019 and 2020. (Take 2018 as the...

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