ECON 1000 Study Guide - Final Guide: Aggregate Supply, Neutrality Of Money, Openmarket
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Multiple choice answer sheet (macro final april 2010) Use upper case letters to answer: _________ a, __________b, __________a, __________d, __________a, __________d, __________a, __________b, __________c, __________c, __________c, __________b, __________a, __________c, __________b, __________a, __________b, __________b, __________b, __________c. Consider a small country that only produces two goods: milk and honey. The following table shows the quantity produced for each of the goods in the years 2004, 2005 and 2006. The prices in each of the three years are also included. Compute nominal gdp, real gdp and the gdp deflator for each year, using 2004 as the base year. 2006: ( per l of milk 200 l milk) + ( per l of honey 100 l honey) = . 2004: ( per l of milk 100 l milk) + ( per l of honey 50 l honey) = . 2005: ( per l of milk 200 l milk) + ( per l of honey 100 l honey) = .