Peeta works for the Panem Bureau of Economic Analysis. Panem produces three goods: porridge and clubs,...

 

 

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Peeta works for the Panem Bureau of Economic Analysis. Panem produces three goods: porridge and clubs, as well as oats, which is used to make porridge. The table below records the quantities and market prices of each good produced in 2020. Good produced porridge oats clubs Quantity 7,500.00 bowls 1,875.00 bushels 550.00 clubs Assuming Panem does not produce anything else in 2020, GDP is equal to $ Market price (in dollars) 8.00 2 80.00 Assume that from 2020 to 2021, Panem's GDP grows by 17.00% and that the population of Panem grows from 200 to 216.00. Therefore, Panem's per capita GDP growth is % (round your answers to two decimal places). Peeta works for the Panem Bureau of Economic Analysis. Panem produces three goods: porridge and clubs, as well as oats, which is used to make porridge. The table below records the quantities and market prices of each good produced in 2020. Good produced porridge oats clubs Quantity 7,500.00 bowls 1,875.00 bushels 550.00 clubs Assuming Panem does not produce anything else in 2020, GDP is equal to $ Market price (in dollars) 8.00 2 80.00 Assume that from 2020 to 2021, Panem's GDP grows by 17.00% and that the population of Panem grows from 200 to 216.00. Therefore, Panem's per capita GDP growth is % (round your answers to two decimal places).

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To calculate GDP we need to add up the market values of all the goods produced w... View the full answer