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  • 2017 2018 (Base Year) Price (P) Unit Price (P) Unit Cauliflower Broccoli Carrots

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    Fancy Burgundy
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    i. The document shows price and quantity data for cauliflower, broccoli, and carrots in 2017 and 2018. ii. It then calculates the nominal value of production for each item in both years using the price and quantity. iii. The last section calculates GDP for 2017 and 2018 using the nominal values, shows the GDP deflator used to calculate real GDP, and the growth rates of nominal and real GDP between the two years.

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    i. The document shows price and quantity data for cauliflower, broccoli, and carrots in 2017 and 2018. ii. It then calculates the nominal value of production for each item in both years using the price and quantity. iii. The last section calculates GDP for 2017 and 2018 using the nominal values, shows the GDP deflator used to calculate real GDP, and the growth rates of nominal and real GDP between the two years.

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    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
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    8 views3 pages

    2017 2018 (Base Year) Price (P) Unit Price (P) Unit Cauliflower Broccoli Carrots

    Uploaded by

    Fancy Burgundy
    i. The document shows price and quantity data for cauliflower, broccoli, and carrots in 2017 and 2018. ii. It then calculates the nominal value of production for each item in both years using the price and quantity. iii. The last section calculates GDP for 2017 and 2018 using the nominal values, shows the GDP deflator used to calculate real GDP, and the growth rates of nominal and real GDP between the two years.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 3

    2017 2018 (base year)

    Price (P) Unit Price (P) Unit


    Cauliflower 200 100 20000 225 75
    Broccoli 75 50 3750 120 80
    Carrots 50 500 25000 100 500

    2017
    Norminal
    8 (base year)
    i.
    16875 ii.
    9600
    50000 iii.

    2018
    2017 2018
    Nominal GDP 48750 76475
    Real GDP 75500 76475
    GDP Deflator 64,57 100
    Growth rate of the nominal GDP 56,87%
    Growth rate of the real GDP 1,29%

    0.5687179487 0.012913907
    56.8717948718 1.291390728

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