Imagine that a hypothetical economy produces three items food, clothes and Aluminum and a typical consumer buys food and clothing only. The table below shows the hypothetical results. Item Food Price/unit (2009) Qty (2009) Price/unit (2008) Tk. 20 Qty (2008) Tk. 5 100 400 Clothes Tk. 100 5 Tk. 400 20 Tk. 200 Tk. 800 Aluminum Base year: 2008 8
Imagine that a hypothetical economy produces three items food, clothes and Aluminum and a typical consumer buys food and clothing only. The table below shows the hypothetical results. Item Food Price/unit (2009) Qty (2009) Price/unit (2008) Tk. 20 Qty (2008) Tk. 5 100 400 Clothes Tk. 100 5 Tk. 400 20 Tk. 200 Tk. 800 Aluminum Base year: 2008 8
Chapter1: Introducing The Economic Way Of Thinking
Section1.A: Applying Graphics To Economics
Problem 2SQP
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a) Calculate
b) Calculate the Growth rate of real GDP of 2009.
c) What can you conclude from your answer to part a.
d) What can you conclude from your answer to part b.
Please answer all and answer must be correct.
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