This is just for the sake of reviewing for the quickie on Monday (11/21/2011)

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EC-EX (ECONOMICS EXERCISES): GNP
•-- - -- "I {isten ana I forget. . . I see ana I remem6er, . . . I ao ana I uncferstan£n' -
Given: ~P- GNPN (1998) =$18.98 _ ---- - -·---------
-
_ it takes 1 wheat to produce 1 flour,
** 1 fi9ur to produce 1 dough, 1
dough to produce 1 bread.
Accomplish the following:
Japan (1998) China (1998) 1. Rank the countries according to 1998 GNPN.
2. Rank the countries according to 1998 Gt,i'PR
GNP Amount in Goods produced Price Qty. base year 1994.
components billions I (in millions) 3. Rank the countries according to 199 8 per
c $ 2.345 Pancit canton $35 90 capita GJTp.
I s 567 Siopao $ 15 2,100 4. Rank the countries according to 1998 GlTFN
G s 890 Chopsticks $8 - 1,225 growth rate.
X s 1,001 Mami noodles s 20 95 5. Find Japan's 1996 GNPR base year 1994.
M $ 713.5 Siomai $ 12 2,400 6. Find Japan's 1995 GNPR base year 1994.
Snake soup $ 875 896 7. Find Japan's 1995 GNPR base year 1996.
"I do not count myself to be Shark's fm soup $ 2,750 9 8. Find Japan's 1996 GNPN growth rate.
perfect; but one thing I do, Turtle soup $500 90 9. Find Japan's 1996 GNPR growth rate. (tx:>.se ~'u m~)
forget those things which are 10. Find Japan's 1996 inflation rate.
behind and P...EACH FORWARD
to things that are beyond."
(Philippians 3:13) TCO/vsl