Consider an economy that produces and consumes hot dogs and hamburgers. In the following table are data for two different years. 2010 2015
Good Quantity Price Quantity Price
Hot Dogs 200 $2 250 $4
Hamburgers 200 $3 500 $4
A. Using 2010 as the base year, compute the following statistics for each year: nominal GDP, real GDP, the implicit price deflator for GDP, and the CPI.
B. By what percentage did prices rise between 2010 and 2018? Compute the answers given by the Laspeyres and Paasche price indexes. Explain the difference.

R& m chatelaine is one of the largest tax-preparation firms in the united states. it wants to acquire the tax experts, a smaller rival. after the merger, chatelaine will be one of the two largest income-tax preparers in the u.s. market. what should chatelaine include in its acquisition plans? it should refocus its attention from the national to the international market. in addition to acquiring the tax experts, it should also determine the best way to drive independent "mom and pop" tax preparers out of business. chatelaine will need to explain to the federal trade commission how the acquisition will not result in an increase in prices for consumers. chatelaine should enter a price-based competition with its other major competitor to force it out of business and become a monopoly.