In Maryland, only three goods are produced domestically - popcorns, movie tickets, and diet drinks. The following table shows the price and quantities of these goods produced in the year 2018, 2019, 2020. 2018 is the base year
The market bundle for a typical family is 3 popcorns, 3 movie tickets and 5 diet drinks.
Calculate Nominal and Real GDP in all three years.
Calculate real economic growth rate in 2020
Calculate CPI in all three years.
Calculate inflation rate in 2020
2019
2020
2021
P
Q
P
Q
P
Q
Popcorn
1
500
1
600
1.05
590
Movie ticket
5
300
10
200
10.5
210
Diet drink
0.7
300
0.8
400
0.75
420
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Answer:
diet drink is the answer pls mark me as the brainliest
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