(Year 2000, Year 2001)

Question

QUANTITY
...Popcorn: (200,250)
....Novels: (50,30)
.....Shoes: (8,10)

PRICE
...Popcorn: ($1,$2)
....Novels: ($20,$25)
.....Shoes: ($100,$80)

Answer 1

If 2000 is the base year, what is the real GDP in 2001?

Answer 2

See my post to "Urgent economics - GDP"

Answer 3

USE THE EXPENDITURE EQUATION FOR GDP TO FIND VALUES FOR EACH SECTOR FOR YEARS 1929 AND 1933