Goods Pizzas Rent Car Phone a b c Qty 20 1 1 1 2001 Price...
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Goods Pizzas Rent Car Phone a b c Qty 20 1 1 1 2001 Price 10 00 600 00 100 00 50 00 Qty 30 2 4 0 5 2002 Price 11 00 640 00 Qty 40 2 120 00 5 40 00 0 25 2003 Price 12 00 700 00 150 00 30 00 Calculate the Nominal GDP in 2001 2002 and 2003 respectively 2001 20 10 1 600 1 100 1 50 950 2002 30 11 2 640 4 120 5 40 2110 2003 40 12 2 700 5 150 25 30 2637 50 Assume 2001 is the base year What is the CPI in 2002 I Assume 2001 is the base year What is the CPI in 2003 2
Goods Pizzas Rent Car Phone a b c Qty 20 1 1 1 2001 Price 10 00 600 00 100 00 50 00 Qty 30 2 4 0 5 2002 Price 11 00 640 00 Qty 40 2 120 00 5 40 00 0 25 2003 Price 12 00 700 00 150 00 30 00 Calculate the Nominal GDP in 2001 2002 and 2003 respectively 2001 20 10 1 600 1 100 1 50 950 2002 30 11 2 640 4 120 5 40 2110 2003 40 12 2 700 5 150 25 30 2637 50 Assume 2001 is the base year What is the CPI in 2002 I Assume 2001 is the base year What is the CPI in 2003 2
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