Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Computer Engineering Expert

Tropical Island produces only banana, mango and coconut. In the base year 2015, the Island produced 1,200 bunches of banana, 1,350 boxes of mango and 1,150 boxes of coconut. The prices were $4.2 for a bunch of banana, $6.5 for a box of mango and $5.5 for a box of coconut in 2015. However, in 2016, the Island produced 1,325 bunches of banana, 1,400 boxes of mango and 1,140 boxes of coconut, and the corresponding prices were $4.5 for a bunch of banana, $6.3 for a box of mango and $5.8 for a box of coconut.

(i) Calculate Tropical Island's real GDP in 2015 and 2016 in terms of the base-year prices?

(ii) Assume population of the Island was 30 people in 2015 and increased to 33 people in 2016. Calculate the growth rate of real GDP per person between 2015 and 2016 and interpret what it means.

Computer Engineering, Engineering

  • Category:- Computer Engineering
  • Reference No.:- M92862261
  • Price:- $10

Priced at Now at $10, Verified Solution

Have any Question?


Related Questions in Computer Engineering

Recommend a mechanism that will record event data on the

Recommend a mechanism that will record event data on the folders for each department. What events should be logged and how often do these logs need to be reviewed? Recommend an implementation for antivirus software. Sugg ...

Number of cars average trvel time between a and b using

Number of cars Average trvel time between A and B using route 1 1 10 2 10 3 10 4 11 5 12 6 14 7 18 8 24 Alternative route 2: average travel time is 18 minutes(no matter how many cars are using it) How many cars will take ...

What are content management systems cms describe the

What are Content Management Systems (CMS). Describe the challenges in implementing and maintaining CMS. Can internet search engines be considered as Content Management Systems - explain your answer.

Please respondexplain the properties and characteristics of

PLEASE RESPOND Explain the properties and characteristics of Transmission Control Protocol/Internet Protocol (TCP/IP).

Question suppose a problem can be solved with two different

Question : Suppose a problem can be solved with two different algorithms, A or B. Algorithm A has a time complexity of TA = 17n, and algorithm B has a time complexity of TB = 0.5n 2 . Give the range of n for which it is ...

We have seen how dynamic arrays enable arrays to grow while

We have seen how dynamic arrays enable arrays to grow while still achieving constant-time amortized performance. This problem concerns extending dynamic arrays to let them both grow and shrink on demand. a) Consider an u ...

What are the best practices to follow for microsoft windows

What are the best practices to follow for Microsoft Windows network security. Which two would you start with and why?

Suppose there are n people in a team the coach wants to

Suppose there are n people in a team. The coach wants to know how many different pairs of people he can choose in a team. Write a program in C that shows the coach, the total number of different pairs he can choose in th ...

Question suppose a computer using set associative cache has

Question : Suppose a computer using set associative cache has 2^16 words of main memory and a cache of 128 blocks, and each cache block contains 8 words. Show steps, please type. a. If this cache is 2-way set associative ...

Tests can determine with some degree of accuracy whether a

Tests can determine, with some degree of accuracy, whether a subject indeed has the disease for which s/he is being tested. For instance, a new screening procedure for heart disease was tested on 100 patients with heart ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As