Suppose that there are only 3 products that make up the total production in nation Doddria - Carrots, Hair Cuts and Sneakers.The table below shows the quantity (Q) of each produced, as well as their market price (P) in 2018 and 2019.Q 2018 Q2019 P2018 P2019Carrots 40 30 $2 $3Hair Cuts 10 12 $60 $50Sneakers 3 4 $80 $90Calculate the growth in Real GDP from 2018 to 2019, using 2018 as the base year for prices.

There are only two goods produced in "Economicsland", food and clothing and 2020 is the base year. In 2020, 20 units of food are produced at a price of $10/unit and 15 units of clothing are produced at $25/unit. In 2021, 25 units of food are produced at a price of $15/unit and 20 units of clothing are produced at $30/unit. What is the real GDP in the second year (2021)?Multiple choice question.$800$750$975$575

Suppose in a given year, a country produces only two goods: 100 units of bread and 50 units of cheese. Bread sells for $2 per unit and cheese sells for $5 per unit. What is the country's GDP for the year?

The following table shows some data for an economy that produces only two goods: milk and honey. YearMilkHoneyPriceQuantityPriceQuantity(Dollars)(Quarts)(Dollars)(Quarts)2020 8 144 6 1212021 7 133 7 1412022 12 169 19 160What is the real GDP in 2022, using 2020 as the base year.

YearGoodPriceQuantity2020Ice cream cones$2.501,000  Hot dogs$1.25500  Surfboards$100.00102021Ice cream cones$3.50800  Hot dogs$2.25400  Surfboards$100.0014What is the GDP deflator for 2021 if it equals 1.0 in 2020?

Suppose the total market value of all final goods and services produced this year in Economy X is 4 million. Of the 4 million dollars' worth of goods, 3 million is sold and 1 million is held in inventory. For this year, the GDP for Economy X is:Group of answer choices4 million3 million1 million7 million