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ipn [44]
2 years ago
13

Assume that in the year 2010, the US Nominal GDP was $15 trillion, while the GDP deflator was 200. Calculate the US Real GDP for

2010.
Business
1 answer:
oksian1 [2.3K]2 years ago
3 0

Assume that in the year 2010, the US Nominal GDP was $15 trillion, while the GDP deflator was 200. US Real GDP for 2010 is 7.5%.

<h3>Real GDP</h3>

Using this formula

GDP=Nominal GDP/GDP deflator×100

Where:

Nominal GDP=$15 trillion

GDP deflator=200

Let plug in the formula

GDP=$15 trillion/200×100

GDP=7.5%

Therefore US Real GDP for 2010 is 7.5%.

Learn more about Real GDP here:brainly.com/question/6348208

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Robert and Linda Williams plan to invest $11,000 a year in an educational IRA for their granddaughter, Sloane Martin. They will
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Answer:

FV= $339,962.18

Explanation:

Giving the following information:

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Number of periods (n)= 18 years

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<u>To calculate the future value (FV) after 18 years, we need to use the following formula:</u>

FV= {A*[(1+i)^n-1]}/i

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FV= $339,962.18

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3 years ago
10. You manage a home improvement store. Your area has just been hit by a flood.
timofeeve [1]
Since your town was impacted in a negative way by the flooding the demand for home improvement items will be high. When demand is high and supply is low it can drive up prices. Most stores would definitely take advantage of this supply and demand case because they could turn a bigger profit. That would be a motivating reason for some people or companies.

As for me personally, I would not raise prices in my business because I feel that is taking advantage of people in a bad situation. You know that they are going to need to supplies to help them fix flood damage and they will have no option but to buy the needed materials. However, if you raise prices it could backfire on you and they may go somewhere else to get the materials needed instead of shopping with you.
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3 years ago
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3 years ago
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Answer:

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Explanation:

Empathy -

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3 years ago
On September 18, 2019, Gerald received land and a building from Frank as a gift. No gift tax was paid on the transfer. Frank’s r
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Answer:

Explanation:

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For building = $80,000

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