计算GDP?

来源:百度知道 编辑:UC知道 时间:2024/06/24 13:27:11
The country of Stumpville produces three goods: pizza, economics textbooks, and video games. The prices and output for the goods are shown for the years 2001 and 2002. The currency in Stumpville is the dollar.

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Year 2001 Year 2002
Quantity Price Quantiy price

Pizza 150 $10 160 $9
Economics textbooks 20 $100 15 $120
video games 40 $50 45 $60

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6.5. Which of the following statements concerning Stumpville is NOT true?

A. The production of goods was higher in 2002 than in 2001.

B. In this calculation, both nominal and real GDP in 2001 are measured in 2001 dollars.

In order to find out the real GDP, the price level for both 01 and 02 should be taken into account.

Real GDP = Norminal GDP x (Price level in 2001/ Price level in 2002)

By looking at the quantity demand, we can know that the total quantity for 2002 is 220, which is more than 210 in 2001. I'm not able to say it is true because it is not written very clearly...
What is "the production of goods"? Total output or revenue?

I am not sure about option B (what the heck do you mean "measured in 01 dollar")so I may just leave it for a second. Right, let's look at option C = =|||

As the word "quantity" and "output" always confuse me, I will just say real output represents quantity of goods produced in macroeconomy...Therefore 2002 has real output of 220 which is more than 2001 (210) and C is not correct.

I may just have to repeat it again but "norminal" is not adjusted by infla