2. (10 points) Consider the Macrotopia economy that produces the goods in the quantities listed below....

 

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2. (10 points) Consider the Macrotopia economy that produces the goods in the quantities listed below. Use this data for the following questions. (Hint: Spreadsheet software is your friend; it will help you excel!) Good/Service Pizza 2021 Quantity Price (S/unit) 1200 $22.66 Used Car Sales 1140 $1,545.00 T-Shirts (imported) 630 $36.26 New Automobiles 33 $22,660.00 Commercial Pizza Ovens 13 $1,133.00 New Buildings 33 $33,990.00 Government Mail Trucks 22 $27,192.00 DMV Use of Paper 2880 $9.07 Sweaters (exported) 2090 $45.32 Part used in New Autos 1145 $144.25 Drugs (illegal) 2,100 $420 i) Place each of these goods into categories of expenditures (C, I, G, NX) if they are included in GDP. ii) What is the value of Nominal GDP in 2019? iii) If the GDP price index is 103, what is RGDP in 2021? 2. (10 points) Consider the Macrotopia economy that produces the goods in the quantities listed below. Use this data for the following questions. (Hint: Spreadsheet software is your friend; it will help you excel!) Good/Service Pizza 2021 Quantity Price (S/unit) 1200 $22.66 Used Car Sales 1140 $1,545.00 T-Shirts (imported) 630 $36.26 New Automobiles 33 $22,660.00 Commercial Pizza Ovens 13 $1,133.00 New Buildings 33 $33,990.00 Government Mail Trucks 22 $27,192.00 DMV Use of Paper 2880 $9.07 Sweaters (exported) 2090 $45.32 Part used in New Autos 1145 $144.25 Drugs (illegal) 2,100 $420 i) Place each of these goods into categories of expenditures (C, I, G, NX) if they are included in GDP. ii) What is the value of Nominal GDP in 2019? iii) If the GDP price index is 103, what is RGDP in 2021?