Consider the Data in the Following Table, Which Represents the Total

question 14

Essay

Consider the data in the following table, which represents the total production of the country Tucommodatia. They produce only consumer goods.
(a) Calculate real GDP for all three years, using 2017 as the base year.
$$\begin{array} { l | c c c } \hline & 2017 & 2018 & 2019 \\\hline \text { Quantity of } Y & 100 & 105 & 103 \\\text { Quantity of } X & 5 & 3 & 4 \\\text { Price of } Y & \$ 5 & \$ 5 & \$ 5 \\\text { Price of } X & \$ 100 & \$ 105 & \$ 110 \\\hline\end{array}$$
(b) Calculate the Consumer Price Index (CPI), using 2017 as the base year. Identify whether there was inflation from the previous year.

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Definitions:

Sutherland

An American sociologist, Edwin H. Sutherland is famous for developing the Differential Association theory, emphasizing that criminal behavior is learned through social interactions.

Differential Association

A theory in criminology that proposes individuals learn criminal behavior through interaction with others.

Criminality

The state of being involved in criminal activities or the tendency to commit crimes.

Group Phenomenon

Behaviors, attitudes, or outcomes that emerge from the interactions and dynamics within a group, not predictable by individual members' characteristics alone.