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?

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 5 units of clothing are produced at $30/unit. In 2021, 30 units of food are produced at a price of $15/unit and 10 units of clothing are produced at $35/unit. What is the real GDP in the second year (2021)?Multiple choice question.$800$350$475$600

If a country produces the following goods and services in one year: 1,000 computers, each sold for $800; 500 cars, sold for $20,000 each; and $200,000 worth of medical services provided. Based on this information, what was the approximate GDP of this country that 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.

1.       The following data is given for a Country which only produces two goods (A and B) for the base year (Ym) and the current year (Yn). YmYnGoodPriceQuantityPriceQuantityAPAmQAmPAnQAnBPBmQBmPBnQBnWhat is the expression for GDP deflator for the current year?

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.