256/27258)-Fall1e-KE Activities and Due Dates WI022: Work it Out-ch. 22 GDP and

Question

256/27258)-Fall1e-KE Activities and Due Dates WI022: Work it Out-ch. 22 GDP and CPi:Tracking the Macroeconomy ExpandResources Hint GDP and CPI Work It Out: Question 2 of 4 The economy of Britannica produces three goods: computers, Blu-rays, and pizza. The accompanying table shows t prices and output of the three goods for the years 2012, 2013, and 2014. Computers Blu-rays Pizzas Year Price Quantity Price Quantity PriceQuantity 2012 $900 2013 1,000 2014 1,050 100 $15 $10 12 14 10 10.5 16 110 Calculate the percentage change in price for all three goods from 2012 to 2013. Round answers to two places after the decimal point when applicable. % Blu-rays: Pizzas: Calculate the percentage change in price for all three goods from 2013 to 2014. Round answers to two places after the decimal point when applicable. % Blu-rays: Copmuters: DELL

Explanation / Answer

2012 -2013

Computer = (1000- 900) * 100 / 900 = 11.11%

Blu Rays = (12- 10) * 100 / 10 = 20%

Pizza =  (16- 15) * 100 / 15 = 6.67%

2013 -2014

Computer = (1050- 1000) * 100 / 1000 = 5%

Blu Rays = (14- 12) * 100 / 12 = 16.67%

Pizza =  (17- 16) * 100 / 16 = 6.25%

Please like my answer.

Related Questions

Navigate

• Browse (All)
• Browse 2
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.