Gdp

, which stands for Gross Domestic Product , is defined as the were produced by the preservation within a specific period of art object ADDIN EN .CITE investorwords .com3investorwords .com120079-9-07http / web .investorwords .com /2153 .html (investorwords .com , 2007 . This economic determinant is being expend to evaluate the present condition of the providence in befooling of the performance of the different markets that operates in the preservationOn the problem , the given was , the economy is classified as a two-commodity type one consisting of CD s and Tennis Racquets . In 2004 there were 110 CD s consider at 18 , and 200 tennis racquets change at 90 . In 2005 , there were 120 CD s sell at 20 , and 210 tennis racquets sold at 95Answer1Solving for the reliable for 2004 using the values of the goods in 2004[18 110] [90 200] 1 ,980 18 ,000 19 ,980Solving for the accredited for 2005 using the prices of the goods in 2004[18 120] [90 210] 2 ,160 18 ,900 21 ,060Solving for the component growth of authentic , we now haveGrowth rate [21 ,060 - 19 ,980] / 19 ,980 [1 ,080 / 19 ,980] one hundred 0 .0541 5 .41Answer2Solving for the price list for for 2005 using 2004 as the base stratum2004 19 ,980 ground from the deliberation in answer1 ADDIN EN .CITE sparknotes3sparknotes Consumer Price Index (CPI )120079-9-07http www .sparknotes .com / economics /macro /measuring1 /section2 .rhtml (sparknotes , 2007[20 110] [95 200] 2 ,200 19 ,000 21 ,200[21 ,200 / 19 ,980] ascorbic acid 106 .106Solving for the piece increase in the price index106 .106 - 100 6 .106 , the prices increase by 6 .

106 by the year 2005Answer3Solving for the true for 2004 using the prices of the commodities in 2005[20 110] [95 200] 2 ,200 19 ,000 21 ,200Solving for the real for 2005 using the prices of the commodities in 2005[20 120] [95 210] 2 ,400 19 ,950 22 ,350Solving for the percentage growth of real , we now haveGrowth rate [22 ,350 - 21 ,200] / 21 ,200 [1 ,150 / 21 ,200] 100 5 .4245Answer4Based from the website of the Bureau of economical abstract , the trend for the state of matter s for the past three eld turns pop to be on its decreasing trend , from 3 .6 on 2004 to 2 .9 on 2006 ADDIN EN .CITE BEA2BEA National scotch Accounts7US department of Commercehttp /www .bea .gov /newsrele ases /national /gdp /gdpnewsrelease .htm (BEA , 2007 . This event was make attainable by the reduction in the number of the person-to-person and secluded consumption of the econom y , in general , resulting to the lessen of the goods and function being used in the economyWith regards to the net exports of the country , imports of the economy start to decrease during the past years and this set down their to refuse grounds . The net exports turns badly , every year exports increases without sustaining...If you exigency to get a full essay, order it on our website: OrderCustomPaper.com

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