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 |
What is the percent change in production of each of the goods from 2012 to 2013 and from 2013 to 2014?
The percent change in the production of computers
From 2012 to 2013, the percent change in the production of computers is percent.
From 2013 to 2014, the percent change in the production of computers is percent. (Round your answer to the nearest tenth.)
The percent change in the production of Blu-rays
From 2012 to 2013, the percent change in the production of Blu-rays is percent.
From 2013 to 2014, the percent change in the production of Blu-rays is percent. (Round your answer to the nearest tenth.)
The percent change in the production of pizzas
From 2012 to 2013, the percent change in the production of pizzas is percent.
From 2013 to 2014, the percent change in the production of pizzas is percent.
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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 |
What is the percent change in prices of each of the goods from 2012 to 2013 and from 2013 to 2014? Please round your answer to nearest tenth.
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.
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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 |
Calculate nominal GDP in Britannica for each of the three years. What is the percent change in nominal GDP from 2012 to 2013 and from 2013 to 2014?
Nominal GDP:
In 2012, nominal GDP is $ .
In 2013, nominal GDP is $.
In 2014, nominal GDP is $.
The percent change in nominal GDP: (Please round your answers to the nearest tenth.)
From 2012 to 2013, the percent change in nominal GDP is percent.
From 2013 to 2014, the percent change in nominal GDP is percent.
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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 |
Calculate real GDP in Britannica using 2012 prices for each of the three years. What is the percent change in real GDP from 2012 to 2013 and from 2013 to 2014?
Real GDP:
In 2012, real GDP is $.
In 2013, real GDP is $.
In 2014, real GDP is $.
The percent change in real GDP: (Please round your answer to the nearest tenth.)
From 2012 to 2013, the percent change in real GDP is percent.
From 2013 to 2014, the percent change in real GDP is percent.
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