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This problem uses the table on the following page.


Fill in the calculations for the blank

cells. There is a two-point deduction for each of the first three errors, and a one-point deduction for each error thereafter. No more than 5 points can be lost on any column. All calculations involving indices must be correctly rounded to four decimal places.WeChat Image_20191014022346.png

WeChat Image_20191014022346.png

4. (10 points total)
This problem uses the table on the following page.
Year 2
Year 3
Fill in the calculations for the blank cells. There is a two-point deduction for
1. Prices
each of the first three errors, and a one-point deduction for each error thereafter.
a. Computer Disks
$5
$4
No more than 5 points can be lost on any column. All calculations involving
b. Prescription Drugs
$2
$1.50
indices must be correctly rounded to four decimal places.
2. Quantities
a. Computer Disks
800
1000
b. Prescription Drugs
300
500
3. Current-dollar expenditures
a. Computer Disks
b. Prescription Drugs
c. Total: Nominal GDP
4. Constant-dollar expenditures each year
a. At fixed year 2 prices
b. At fixed year 3 prices
5. Expenditures each year
a. At fixed year 2 quantities
b. At fixed year 3 quantities
6. Real GDP (index, year 1=1.0000)
a. At fixed year 2 prices
3.8011
b. At fixed year 3 prices
3.8011
C. Chain-weighted index
3.8011
7. GDP Deflator (index, year 1=1.0000)
a. At fixed year 2 quantities
_0.4654
b. At fixed year 3 quantities
0.4654

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