18. The following are the index numbers of wholesale prices of a commodity based on 2011: Year Index Numbers Year Index Numbers 2015 2016 2017 210 225 240 2011 2012 102013 2014SE Prepare new Index Numbers taking 2013 as base. 100 108 120 150 150
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A: Since you have asked multiple questions, we will solve first question for you. If you want any…
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A: Real GDP can be calculated by using the following formula.
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A: GDP deflator = Nominal GDP / Real GDP * 100
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A: Here since we have data only for the household consumption for food and beverages. Hence it would be…
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A: Nominal GDP is calculated by multiplying the quantity along with the current prices (or price of the…
Q: 4. DBS Farms is a producer and retailer of farm products. DBS main products are Mangoes, Pawpaw and…
A: It shows the percentage change in quantity demand due to a percentage change in price.
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A: "Since you have asked a question with multiple sub-parts, we will solve the first three sub-parts…
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A: GDP is a macroeconomic measure of the aggregate total production of output in an economy. It can be…
Q: prices of comm Weight % Average wholesale price Commodity 2011 2012 2013 A 30 4.50 6.00 7.50 40…
A: Sum of prices of 2011 = 4.50 + 10 + 2 + 1.50 = 18 Sum of price of 2012 = 6 + 8 + 2.50 + 3 = 19.5 Sum…
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A: Paasche’s price index (PI) can be calculated by using the following formula.
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A: To find the percentage increase which is also the inflation rate the following formula is used:
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A: A price index is a weighted average of a particular basket of goods creative to price in the base…
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A:
Q: xiv. Suppose that the index of prices received by_farmers_for 2011 was 0.97 and the base year of…
A: This means that relative to the year 2000, the farm price were lower by 3% in 2011.
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A: Formula: Real GDP=Nominal GDPPrice Index×100
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A: Given table: The base year is 2011. Market basket: 100 pizzas and 300 cases of beer.
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- FORCASTING Month Time QJan 1 46Feb 2 56Mar 3 72Apr 4 67May 5 77Jun 6 66Jul 7 69Aug 8 79Sep 9 88Oct 10 91Nov 11 94Dec 12 104Jan ?Feb ? Make a forecast of the demand for the month of January and FebruaryForecast the demand for the rice for a country for the year 2019 on the basis of 7-year data given in table: Year 2012 2013 2014 2015 2016 2017 2018 Population (millions) 10 12 15 20 25 30 40 Rice consumed (million tonnes) 40 50 60 70 80 90 100Price ($) a) Suppose that the demand for pizzas were to increase by 120 pizzas per day. Show the new demand, in the graph below: Plot the two end points using the tool provided in the graphing area below. Plot only the end points of the curve and position those points on the edge of the graphing area. 64 56 48 40 32 24 16 8 0 40 80 120160200240 280 320 360 400 440 480 S D Tools Demand Help i Save & Exit Submit
- The table below is extracted from Happy land Republic, Bureau of Statistics recordsfor 2018-2019. Use the information in this table to answer the questions that follow.Item Base year (2015) 2016Production Price Production PriceUsed car sales 5,000 2000.00 6,000 2,500Factory components sales 8,000 500.00 10,000 1200.00Cloth sales 8,000 20.00 14,000 35.00Beef sales 1,500 10.00 1,800 12.00Milk litres sales 5,000 1.30 6,000 2.50Computers sales 2000 500.00 2500 800.00Printers sales 500 300.00 400 355.00Raw materials for tractorassembling plant sales 4500 250.00 4450 300. i. Calculate Happy Land Republic’s nominal GDP and real GDP in 2016ii. Why does real GDP always defer from nominal GDP?the following data represents a set do demands that have occurred over the last several years at a soap making company. The data were collected on an annual basis. Year Actual Demand (At) Forecast (Ft) 1 310 2 365 3 395 4 415 5 450 6 465 7 a) using the SIMPLE AVERAGE method to predict the demand for the 7th year b) the SIMPLE MOVING AVERAGE method to predict the demand for the 7th yearUsing a Trend Line The demand for Year Demand electrical power at N.Y.Edison over the years 1997 60 1998 65 1999 89 1997 – 2003 is - 2000 92 given at the left. Fin 2001 100 d the overall 2002 122 trend. 2003 110 What is the demand for 2010 and 2011
- The table below shows the price and quantity on three food items in 2021 and 2023. item Packet of Chips Soft drink can Muffin 2021 Price 28.50 13.00 9.00 OA. 125.33 OB. 105.67 O C. 94.79 OD. 133.51 Quantity 50 35 120 2023 Price 30.00 14.50 9.50 Calculate the Laspeyres Quantity Index for the dataset above Quantity 70 55 138Consider that the quantity of Milk A sold will increase by 50%, the sales revenue of Milk A will decrease by 25%, and the price is determined by sales revenue divided by quantity sold. Which of the following best describes the expected change in Milk A's price in April, compared to March? January February March Milk A Quantity Sold Sales Revenue Quantity Sold 500 800 400 $3,000 $4,400 $2,400 Milk B 1200 1500 950 Select the single best answer: A. increase by 25% B. decrease by 50% C. decrease by 25% D. decrease by 15% E. no change Sales Revenue $5,000 $6,000 $4,400 Quantity Sold Milk C 600 550 700 Sales Revenue $3,400 $3,300 $5,000Prepare a graph of the monthly forecasts and average forecast demand for Garden Room Furniture Ltd., a manufac-turer of outdoor furniture. MONTH PRODUCTION DAYS DEMAND FORECASTJanuary 16 300February 16 300March 23 500April 21 500May 22 800June 22 1000July 21 1200August 20 1500September 20 900October 20 500November 16 300December 16 300
- Discuss how the demand and supply for a particular product/s have changed in the last 2-3 years. Discuss the product, and how one or a few of its determinants of demand and supply has changed in the last few years. You can use a diagram to illustrate your response. Also, discuss how the price of that product and the equilibrium quantity has changed due to changes in the demand and supply for that product.I am stuck on this problem, I don't know where to start. Could you give a step by step on how to figure this problem out. Thank you. There is an increase in demand of 100 units at each price and a decrease in supply of 100 units at each price. In the graph below, draw the new demand and supply lines. Instructions: Use the graphing tools, 'D2', 'S2', to plot the new demand and supply lines on the figure and then use the grid lines to determine the new equilibrium price and quantity.The following graph shows the monthly demand and supply curves in the market for tote bags. Use the graph input tool to help you answer the following questions. You will not be graded on any changes you make to this graph. Note: Once you enter a value in a white field, the graph and any corresponding amounts in each grey field will change accordingly. PRICE (Dollars per tote bag) 80 72 64 58 48 40 32 24 16 8 0 X 0 50 100 150 200 250 QUANTITY (Tote bags) Supply 300 350 400 450 500 The equilibrium price in this market is $ Demand Graph Input Tool Market for Tote bags Price (Dollars per tote bag) Quantity Demanded (Tote bags) per tote bag, and the equilibrium quantity is Price (Dollars per tote bag) Shortage or Surplus 48 32 24 Shortage or Surplus Amount (Tote bags) 500 Quantity Supplied (Tote bags) Pressure tote bags per month. Complete the following table by indicating at each price whether there is a shortage or surplus in the market, the amount of that shortage or surplus, and whether…