The table below is extracted from Goodland Republic Bureau of Statistics records for 2016 -2017. Use the information to answer the questions that follow.
Item
|
Price 2017 (Base Year)
|
Price 2018 |
||
Production |
Price per Unit ($) |
Production |
Price per Unit ($) |
|
Rice (tons) |
50,000 |
1.50 |
55,000 |
2.00 |
Wheat (tons) |
100,000 |
2.00 |
98,000 |
2.50 |
Tractors mid-size (units) |
50,000 |
23000.00 |
45,000 |
2,450.00 |
Cotton (tons) |
120,000 |
100.00 |
110,000 |
120.00 |
Used cars |
5,000 |
5,000.00 |
6,000 |
7,000.00 |
Manufacture garments (tons) |
150,000 |
50.00 |
145,000 |
70.00 |
Eggs (trays) |
2,000 |
2.50 |
2,300 |
3.50 |
Coca Cola (litres) |
6,000 |
0.80 |
6,500 |
1.20 |
Pepsi Cola (litres) |
700 |
1.10 |
850 |
1.50 |
Beef (tons) |
5,000 |
6.50 |
4,800 |
8.50 |
Second Hand Clothes (tons) |
500 |
15.00 |
450 |
25.00 |
Alcoholic Beverages (litres) |
500 |
3.25 |
600 |
3.75 |
Milk (litres) |
7,000 |
2.30 |
7,500 |
2.50 |
Examine the status of the economic welfare in Goodland Republic in 2018 based on your
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