Enable text based alternatives for graph display and drawing entry

Try Another Version of These Questions

Question 1

The tables below shows data on prices and quantities of Apples and Bags produced in Canada.

Data for 2014

Price of ApplesQuantity of ApplesPrice of BagsQuantity of Bags
0.617011290

Data for 2015

Price of ApplesQuantity of ApplesPrice of BagsQuantity of Bags
118015280

Data for 2016

Price of ApplesQuantity of ApplesPrice of BagsQuantity of Bags
1.111015350

Given this data, what is the Nominal GDP in 2014?

  Hint

Question 2

Given this data, what is the Nominal GDP in 2015?

  Hint

Question 3

Given this data, what is Nominal GDP in 2016?

  Hint

Question 4

Using 2015 as the base year, what is the Real GDP in 2014?

  Hint

Question 5

Using 2015 as the base year, what is the Real GDP in 2015?

  Hint

Question 6

Using 2015 as the base year, what is the Real GDP in 2016?

  Hint

Question 7

Using 2015 as the base year, what is the GDP Deflator in 2014?

  Hint

Question 8

Using 2015 as the base year, what is GDP Deflator in 2015?

  Hint

Question 9

Using 2015 as the base year, what is the GDP Deflator in 2016?

  Hint

Question 10

Using 2015 as the base year, what is the growth rate of the nominal GDP between 2014 to 2015?

  Hint

Question 11

Using 2015 as the base year, what is the growth rate of nominal GDP between 2015 to 2016?

  Hint

Question 12

Using 2015 as the base year, what is the growth rate of real GDP between 2014 to 2015?

  Hint

Question 13

Using 2015 as the base year, what is the growth rate of real GDP between 2015 to 2016?

  Hint

Question 14

Using 2015 as the base year, what is the growth rate of the GDP deflator (also know as inflation rate) between 2014 to 2015?

  Hint

Question 15

Using 2015 as the base year, what is the growth rate of the GDP deflator (also know as inflation rate) between 2015 to 2016?

  Hint