Calculate real gdp for 2007

Reference no: EM13186375

The Republic of Republic produces two goods/services, fish (F) and chips (C). In 2006, the 200 units of F produced sold for $3 per unit and the 500 units of C produced sold for $1 per unit. In 2007, the 300 units of F produced sold for $4 per unit, and the 600 units of C produced sold for $2 per unit. Calculate Real GDP for 2007, assuming that 2006 is the base year.

Reference no: EM13186375

Questions Cloud

State diatomic nitrogen gas react spontaneously : Solid lithium metal and diatomic nitrogen gas react spontaneously to form a solid product. Give the balanced chemical equation (including phases) that describes this reaction.

What is the approximate distribution : What is the approximate distribution that describes the possible values for the sample proportion ? Give all aspects of the distribution.

Explain anionic imide nucleophile : One approach to the synthesis of virstatin is shown above. An SN2 reaction of an anionic imide nucleophile (formed by deprotonation of1) with an alkyl halide electrophile 2 affords virstatin ethyl ester 3 Base-inducedhydrolysis

How much work w is done in pulling half the rope to the top : A heavy rope, 30 ft long, weighs 0.6 lb/ft and hangs over the edge of a building 70 ft high. How much work W is done in pulling half the rope to the top of the building?

Calculate real gdp for 2007 : The Republic of Republic produces two goods/services, fish (F) and chips (C). In 2006, the 200 units of F produced sold for $3 per unit and the 500 units of C produced sold for $1 per unit. In 2007, the 300 units of F produced sold for $4 per unit..

What is the financial charge and amount financed : the morrison family bought a car at $24000 which was financed at $600 per month for 40 months. The down payment was $5000. (a)? what was the installment price,... (b)? what is the financial charge and amount financed.

Compute the oxygen content of the plasma : Calculate the oxygen content of the plasma in mM! 1 ml plasma dissolves 24 uL oxygen at 38 degrees C if the partial pressure is 103 kPa.

How much less will diane monthly mortgage payment : What is Diane's current monthly mortgage payment? What is Diane's current outstanding principal?

Find the associated exponential model for the value : In 2007, a bank was offering 4.39% interest on its online Orange Savings Account, with interest reinvested quarterly. Find the associated exponential model for the value of a $4,000 deposit after t years.

User Account

All Pages