# Economics help needed with the price of barbancourt

Nov 8th, 2015
Anonymous
Category:
Price: \$5 USD

Question description

Let the price of barbancourt (the haitian rum) be \$15 a bottle in the year 2000 and\$25 dollars in the year 2014, and its production 5,000 and 7,500 bottles respectively for the two years. Let the price of a bag of rice be \$200 in 2000 and \$350 in 2014, When its production is 10,000 and 25,000 bags for the same two years. Let the price of a bag of beans be \$250 in 2000 and \$400 in 2014, when its production is 8,000 and 20,000 bags of the two tears respectively. Using the year 2000 as the base year, compute:a. The Nominal GDP for both yearsb. The real GDP for both yearsc. The Implicit Price Deflator for GDP for both yearsd. The CPI for both years

(Top Tutor) rgoyal67
School: Cornell University

Studypool has helped 1,244,100 students

Review from student
Anonymous
" The best tutor out there!!!! "

1823 tutors are online

Brown University

1271 Tutors

California Institute of Technology

2131 Tutors

Carnegie Mellon University

982 Tutors

Columbia University

1256 Tutors

Dartmouth University

2113 Tutors

Emory University

2279 Tutors

Harvard University

599 Tutors

Massachusetts Institute of Technology

2319 Tutors

New York University

1645 Tutors

Notre Dam University

1911 Tutors

Oklahoma University

2122 Tutors

Pennsylvania State University

932 Tutors

Princeton University

1211 Tutors

Stanford University

983 Tutors

University of California

1282 Tutors

Oxford University

123 Tutors

Yale University

2325 Tutors