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# A country produces only ice cream and cake in the quantities and prices listed below. Use 2011 as the base year: Your Price of Ice Cream Quantity of Ice Cream Price of Cake Quantity of Cake \$200 200 \$

A country produces only ice cream and cake in the quantities and prices listed below. Use 2011 as the base year: Your Price of Ice Cream Quantity of Ice Cream Price of Cake Quantity of Cake \$200 200 \$10 40 2012 \$2.30 250 \$14 50 \$2.75 2013 280 \$18 80 % What is the rate of economic growth taken place between 2011 and 2012? It is NYASVET
Answer: Suppose a basket of goods and services has been selected to calculate the CPI and 2014 has been selected as the base year. In 2013, the basket's cost was \$80; in 2014, the basket's cost was \$85. and in 2015, the basket's cost was \$90. The price of a calculator in 2015 is 20\$. Expressed in 2013's prices it would be \$: (Round your answer to one decimal place) DIE SEE
A country produces only ice cream and cake in the quantities and prices listed below. Use 2011 as the base year. Year Price of Ice Cream Quantity of Ice Cream Price of Cake Quantity of Cake 2011 \$2.00 200 \$10 40 2012 \$2.30 250 \$14 50 2013 \$2.75 280 \$18 80 The nominal GDP in year 2012 is

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