Question 2 Q.2.1 Consider the information in Table 1 relating to economic activity in Suniland. Use this information to answer Q.2.1.1 to Q.2.1.4. The base year is 2016. Table 1 Quantity Quantity...

Please help with Q2.1.4 Only if nonimal gdp for 2.1.1= R16600 Nominal gdp for 2.1.2 = R19850 Real gdp for 2.1.3 = R16700 Please use the values i have typed to answer 2.1.4

Question 2<br>Q.2.1 Consider the information in Table 1 relating to economic activity in Suniland.<br>Use this information to answer Q.2.1.1 to Q.2.1.4. The base year is 2016.<br>Table 1<br>Quantity<br>Quantity<br>Price<br>Good<br>(2016)<br>Price (2016) (2017)<br>(2017)<br>Potatoes<br>1 000<br>R3.00<br>900<br>R3.50<br>Tofu<br>2 000<br>R5.00<br>2 200<br>R6.00<br>Tacos<br>600<br>R6.00<br>500<br>R7.00<br>Q.2.1.1 Calculate the Nominal GDP for 2016. Show your calculation.<br>Q.2.1.2 Calculate the Nominal GDP for 2017. Show your calculation.<br>Q.2.1.3 Calculate the Real GDP for 2017. Show your calculation.<br>Q.2.1.4 Did Suniland experience economic growth in 2017? Show your<br>calculations.<br>

Extracted text: Question 2 Q.2.1 Consider the information in Table 1 relating to economic activity in Suniland. Use this information to answer Q.2.1.1 to Q.2.1.4. The base year is 2016. Table 1 Quantity Quantity Price Good (2016) Price (2016) (2017) (2017) Potatoes 1 000 R3.00 900 R3.50 Tofu 2 000 R5.00 2 200 R6.00 Tacos 600 R6.00 500 R7.00 Q.2.1.1 Calculate the Nominal GDP for 2016. Show your calculation. Q.2.1.2 Calculate the Nominal GDP for 2017. Show your calculation. Q.2.1.3 Calculate the Real GDP for 2017. Show your calculation. Q.2.1.4 Did Suniland experience economic growth in 2017? Show your calculations.

Jun 11, 2022

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Question 2 Q.2.1 Consider the information in Table 1 relating to economic activity in Suniland. Use this information to answer Q.2.1.1 to Q.2.1.4. The base year is 2016. Table 1 Quantity Quantity...

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