Use the information below for Questions 14 and 15This information comes from the self sufficiency article that we talked about in the lectures. The numbers represent the cost of a given basket of goods and services.We declare Allegheny county as the
Use the information below for Questions 14 and 15This information comes from the self sufficiency article that we talked about in the lectures. The numbers represent the cost of a given basket of goods and services.We declare Allegheny county as the base county. What is the price index in Clarion county? In Sullivan county? In Westmoreland county?If you made $50000 per year in Westmoreland county how much would you need to make in Clarion county to have the same purchasing power as you have with $50000 in Westmoreland county?Use the information below for Questions 16 and 17.A make believe economy produces the following 3 goods.Assuming 2011 is the base year calculate real GDP and the GDP price deflator in 2012.Assuming 2011 is the base year calculate the percent change in real GDP and the percent change in the GDP deflator between 2011 and 2012. 20 points total