Real gdp for fish and chips

Reference no: EM13116772

The Republic of Republic produces two goods/services, fish (F) and chips (C). In 2006, the 2000 units of F produced sold for $5 per unit and the 5000 units of C produced sold for $2 per unit. In 2007, the 2500 units of F produced sold for $7 per unit, and the 6,000 units of C produced sold for $3 per unit. Calculate Real GDP for 2007, assuming that 2006 is the base year.

Reference no: EM13116772

Questions Cloud

How does the citrate synthase reaction influence the malate : How does the citrate synthase reaction influence the malate dehydrogenase reaction? What is the overall change in Free Energy for the two reactions?

Exercise on public goods and monopoly : Show that the optimal amount of the public good isthe same in every Pare to efficient allocation. What is this amount? Will the optimalamount of the public good change if the initial wealths of the two individuals change?

Find age distribution of adult shoplifters in supermarkets : What is the age distribution of adult shoplifters (21 years of age or older) in supermarkets? The following is based on information taken from the National Retail Federation.

Explain by how much time is required for the bullet : Explain by how much time is required for the bullet to reach the target? Using the approximate value of g = 10 m/s2, how far does the bullet fall in this time?

Real gdp for fish and chips : The Republic of Republic produces two goods/services, fish (F) and chips (C). In 2006, the 2000 units of F produced sold for $5 per unit and the 5000 units of C produced sold for $2 per unit.

What are phenotypes and relative frequencies of offspring : In maize, a dominant allele A is necessary for seed color, as opposed to colorless (a). Another gene has a recessive allele wx that results in waxy starch, as opposed to normal starch (Wx). The two genes segregate independently. An Aa WxWx plant i..

Problems of multinational enterprises : Examine the successes and problems of multinational enterprises (MNEs) in exploiting the opportunities in emerging markets.

Explain ethical standards and guidelines : discussing how companies use technology to help set and manage ethical standards and guidelines. How can this shape the type of work environment or culture a company promotes?

Find out the moment of inertia of the system : The masses of the particles are m1 = m3 = 5.0 kg and m2 = m4 = 8.0 kg. Find out the moment of inertia of the system about the z axis.

User Account

All Pages