What has been the percentage change in nominal GDP between 2018 and 2019?

Suppose that a very simple economy produces three goods: pasta, tomatoes and cheese. Suppose the quantities produced and their corresponding prices for 2018 and 2019 are shown in the following table: 2018 2019 Product Quantity Price Quantity Price Pasta 40 $3.00 45 $4.00 Tomatoes 100 $6.00 80 $8.00 Cheese 50 $12.00 60 $10.00 a. What is nominal GDP in 2018? (1 mark) b. What is nominal GDP in 2019? (1 mark) c. What is real GDP in 2018, using 2019 as the base year? (1 mark) d. What has been the percentage change in nominal GDP between 2018 and 2019? (1 mark) e. What has been the percentage change in real GDP between 2018 and 2019, using 2019 as the base year? (1 mark)

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Calculate the PEDs for the Burbank–Oakland and Kansas City–St Louis routes.

Southwest Airlines is a major carrier based in Texas, and has made a strategy of cutting fares drastically on certain routes with large effects on air traffic in those markets…..

Please show two graphs that represent relationships between Y and X, one that has uncertainty or forecast error and one that does not

Please briefly respond to all of the following questions on each page. There are 3 pages of questions. This exam is a “take-home, open book” exam and posted no later….

analyze marks tax losses.

Mr Mark Lewis is employed on a luxury cruise liner which travels the Mediterranean Sea. After deductions his taxable income is AUD$150,000, (Hong Kong Dollar 790,000)   He owns a….