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MMLU-Pro / 7381 / Assume our economy produces only one good, product X, and that its quantities…

Problem

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question

Assume our economy produces only one good, product X, and that its quantities and prices over time are given in the following table: (1)(2) YearUnits of OutputPrice of X 15$ 10 2720 3825 41030 51128 a) Compute the price index in percent using Year 1 as the base year; i.e., (Year 1 = 100). b) Compute the unadjusted, or money GNP. c) Compute the adjusted, or real GNP.

category

economics

options

  1. Price index for Year 2 = 200%, Year 3 = 250%, Year 4 = 300%, Year 5 = 280%; Money GNP for Year 1 = $50, Year 2 = $140, Year 3 = $200, Year 4 = $300, Year 5 = $308; Real GNP for Year 1 = $50, Year 2 = $70, Year 3 = $80, Year 4 = $100, Year 5 = $110
  2. Price index for Year 2 = 180%, Year 3 = 240%, Year 4 = 320%, Year 5 = 400%; Money GNP for Year 1 = $50, Year 2 = $160, Year 3 = $240, Year 4 = $320, Year 5 = $560; Real GNP for Year 1 = $50, Year 2 = $80, Year 3 = $96, Year 4 = $100, Year 5 = $140
  3. Price index for Year 2 = 210%, Year 3 = 260%, Year 4 = 310%, Year 5 = 350%; Money GNP for Year 1 = $50, Year 2 = $147, Year 3 = $208, Year 4 = $310, Year 5 = $420; Real GNP for Year 1 = $50, Year 2 = $70, Year 3 = $80, Year 4 = $93, Year 5 = $120
  4. Price index for Year 2 = 220%, Year 3 = 275%, Year 4 = 330%, Year 5 = 385%; Money GNP for Year 1 = $50, Year 2 = $154, Year 3 = $220, Year 4 = $330, Year 5 = $385; Real GNP for Year 1 = $50, Year 2 = $77, Year 3 = $88, Year 4 = $100, Year 5 = $112
  5. Price index for Year 2 = 150%, Year 3 = 250%, Year 4 = 350%, Year 5 = 450%; Money GNP for Year 1 = $200, Year 2 = $300, Year 3 = $400, Year 4 = $500, Year 5 = $600; Real GNP for Year 1 = $150, Year 2 = $250, Year 3 = $350, Year 4 = $450, Year 5 = $550
  6. Price index for Year 2 = 200%, Year 3 = 300%, Year 4 = 400%, Year 5 = 500%; Money GNP for Year 1 = $150, Year 2 = $250, Year 3 = $350, Year 4 = $450, Year 5 = $550; Real GNP for Year 1 = $100, Year 2 = $200, Year 3 = $300, Year 4 = $400, Year 5 = $500
  7. Price index for Year 2 = 190%, Year 3 = 280%, Year 4 = 370%, Year 5 = 460%; Money GNP for Year 1 = $50, Year 2 = $133, Year 3 = $210, Year 4 = $370, Year 5 = $552; Real GNP for Year 1 = $50, Year 2 = $66, Year 3 = $75, Year 4 = $100, Year 5 = $120
  8. Price index for Year 2 = 250%, Year 3 = 325%, Year 4 = 300%, Year 5 = 256%; Money GNP for Year 1 = $50, Year 2 = $175, Year 3 = $260, Year 4 = $300, Year 5 = $358; Real GNP for Year 1 = $50, Year 2 = $70, Year 3 = $80, Year 4 = $90, Year 5 = $140
  9. Price index for Year 2 = 200%, Year 3 = 225%, Year 4 = 275%, Year 5 = 360%; Money GNP for Year 1 = $50, Year 2 = $150, Year 3 = $225, Year 4 = $275, Year 5 = $360; Real GNP for Year 1 = $50, Year 2 = $75, Year 3 = $90, Year 4 = $110, Year 5 = $130
  10. Price index for Year 2 = 100%, Year 3 = 200%, Year 4 = 300%, Year 5 = 400%; Money GNP for Year 1 = $100, Year 2 = $200, Year 3 = $300, Year 4 = $400, Year 5 = $500; Real GNP for Year 1 = $50, Year 2 = $100, Year 3 = $150, Year 4 = $200, Year 5 = $250

src

stemez-Economics

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Source and history

upstream_id / Original problem ID
7381
task_id
2dce5b5a-1576-52fd-86e9-1ad85e1e2860
task_key
default--test--7381
task_revision_id
1
config / split
default / test

Official source

initial import