Question

The economy of Britannica produces three goods: computers, Blu-rays, and pizza. The accompanying table shows the...

The economy of Britannica produces three goods: computers, Blu-rays, and pizza. The accompanying table shows the prices and output of the three goods for the years 2012, 2013, and 2014.

Computers Blu-rays Pizzas
Year Price Quantity Price Quantity Price Quantity
2012 $900 10 $10 100 $15 2
2013 1,000 10.5 12 105 16 2
2014 1,050 12 14 110 17 3

The percent change in the price of computers

From 2012 to 2013, the percent change in the price of computers is  percent. (Round your answer to the nearest tenth.)

From 2013 to 2014, the percent change in the price of computers is  percent.

The percent change in the price of Blu-rays

From 2012 to 2013, the percent change in the price of Blu-rays is  percent.

From 2013 to 2014, the percent change in the price of Blu-rays is  percent. (Round your answer to the nearest tenth.)

The percent change in the price of pizzas

From 2012 to 2013, the percent change in the price of pizzas is  percent. (Round your answer to the nearest tenth.)

From 2013 to 2014, the percent change in the price of pizzas is  percent.

Homework Answers

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Consider a simple economy that produces two goods: pens and erasers. The following table shows the...
Consider a simple economy that produces two goods: pens and erasers. The following table shows the prices and quantities of the goods over a three-year period. Year Pens Erasers Price Quantity Price Quantity (Dollars per pen) (Number of pens) (Dollars per eraser) (Number of erasers) 2013 1 110 2 185 2014 2 155 4 200 2015 3 110 4 165 Use the information from the preceding table to fill in the following table. Year Nominal GDP Real GDP GDP Deflator...
Consider an economy that produces three goods, cameras, legal services, and books according to the following...
Consider an economy that produces three goods, cameras, legal services, and books according to the following table below. 2013 2014 Product Quantity Price Quantity Price Camera 100 $10 120 $12 Legal services 50 15 45 20 Books 200 40 210 45 a. Determine the nominal GDP in this economy in 2013 and 2014. b. Determine the real GDP in this economy in 2013 and 2014 using 2014 as base year. c. Determine the GDP deflator in this economy in 2013...
Real versus nominal GDP Consider a simple economy that produces two goods: cupcakes and muffins. The...
Real versus nominal GDP Consider a simple economy that produces two goods: cupcakes and muffins. The following table shows the prices and quantities of the goods over a three-year period. Year Cupcakes Muffins Price Quantity Price Quantity (Dollars per cupcake) (Number of cupcakes) (Dollars per muffin) (Number of muffins) 2012 1 120 1 195 2013 2 130 4 195 2014 4 130 4 145 Use the information from the preceding table to fill in the following table. Year Nominal GDP...
A large manufacturer purchases an identical component from three independent suppliers that differ in unit price...
A large manufacturer purchases an identical component from three independent suppliers that differ in unit price and quantity supplied. The relevant data for 2012 and 2014 are given here. Unit Price ($) Supplier Quantity (2012) 2012 2014 A 150 5.45 6.00 B 200 5.60 5.95 C 160 5.50 6.20 (a) Compute the price relatives for each of the component suppliers separately. (Round your answers to the nearest integer.) Item Price Relative A B C Compute an unweighted aggregate price index...
The Consumer Price Index             The Consumer Price Index represents the average price of goods that...
The Consumer Price Index             The Consumer Price Index represents the average price of goods that households consume. Many thousands of goods are included in such an index. Here consumers are represented as buying only food (pizza) and gas as their basket of goods. Here is a representation of the kind of data Bureau of Economic Analysis collects to construct a consumer price index. In the base year, 2008, both the prices of goods purchased, and the quantity of goods...
A large manufacturer purchases an identical component from three independent suppliers that differ in unit price...
A large manufacturer purchases an identical component from three independent suppliers that differ in unit price and quantity supplied. The relevant data for 2012 and 2014 are given here. Unit Price ($) Supplier Quantity (2012) 2012 2014 A 150 5.45 6.00 B 200 5.60 5.95 C 160 5.50 6.70 (a) Compute the price relatives (index number) for each of the component suppliers separately using 2012 as the base year. (Round your answers to the nearest integer.) Item Price Relative A...
Milano Pizza Club owns three identical restaurants popular for their specialty pizzas. Each restaurant has a...
Milano Pizza Club owns three identical restaurants popular for their specialty pizzas. Each restaurant has a debt–equity ratio of 30 percent and makes interest payments of $59,000 at the end of each year. The cost of the firm’s levered equity is 15 percent. Each store estimates that annual sales will be $1.66 million; annual cost of goods sold will be $850,000; and annual general and administrative costs will be $585,000. These cash flows are expected to remain the same forever....
Milano Pizza Club owns three identical restaurants popular for their specialty pizzas. Each restaurant has a...
Milano Pizza Club owns three identical restaurants popular for their specialty pizzas. Each restaurant has a debt–equity ratio of 30 percent and makes interest payments of $58,000 at the end of each year. The cost of the firm’s levered equity is 20 percent. Each store estimates that annual sales will be $1.64 million; annual cost of goods sold will be $840,000; and annual general and administrative costs will be $575,000. These cash flows are expected to remain the same forever....
Milano Pizza Club owns three identical restaurants popular for their specialty pizzas. Each restaurant has a...
Milano Pizza Club owns three identical restaurants popular for their specialty pizzas. Each restaurant has a debt–equity ratio of 35 percent and makes interest payments of $57,000 at the end of each year. The cost of the firm’s levered equity is 15 percent. Each store estimates that annual sales will be $1.62 million; annual cost of goods sold will be $830,000; and annual general and administrative costs will be $565,000. These cash flows are expected to remain the same forever....
Milano Pizza Club owns three identical restaurants popular for their specialty pizzas. Each restaurant has a...
Milano Pizza Club owns three identical restaurants popular for their specialty pizzas. Each restaurant has a debt–equity ratio of 30 percent and makes interest payments of $58,000 at the end of each year. The cost of the firm’s levered equity is 20 percent. Each store estimates that annual sales will be $1.64 million; annual cost of goods sold will be $840,000; and annual general and administrative costs will be $575,000. These cash flows are expected to remain the same forever....
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT