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
Answer #1
Not the answer you're looking for?
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.
ADVERTISEMENT
Active Questions
asked 23 minutes ago
asked 23 minutes ago
asked 42 minutes ago
asked 44 minutes ago
asked 48 minutes ago
asked 1 hour ago
asked 1 hour ago
asked 1 hour ago
asked 1 hour ago
asked 1 hour ago
asked 1 hour ago
asked 1 hour ago