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andrew11 [14]
1 year ago
9

Consider the following data, where gross domestic product (GDP) values are measured in millions of dollars, to answer the follow

ing questions: Year Nominal GDP Real GDP GDP Deflator 2009 ________ $500 100 2010 $551.2 ________ 106 2011 $600.6 $546 ________ 2012 ________ $600.6 120 What is the value of the gross domestic product (GDP) deflator in 2011
Business
1 answer:
Montano1993 [528]1 year ago
5 0

The value of the gross domestic product (GDP) deflator in 2011 based on the given information is 110.

<h3>What is the GDP Deflator?</h3>

The GDP deflator is a ratio of the Nominal GDP (current year prices) over Real GDP (base year prices).

The GDP deflator is used to measure inflation as it shows the change in the current prices compared to the base year's prices.

The GDP deflator can be computed as Nominal GDP/Real GDP x 100.

<h3>Data and Calculations:</h3>

Year    Nominal GDP    Real GDP     GDP Deflator

2009                                $500               100

2010          $551.2                                    106

2011         $600.6              $546

2012               ________ $600.6            120

GDP Deflator = Nominal GDP/Real GDP x 100

2011 GDP Deflator = 110 ($600.60/$546 x 100)

Thus, the value of the gross domestic product (GDP) deflator in 2011 based on the given information is 110.

Learn more about the gross domestic product (GDP) deflator at brainly.com/question/13505890

#SPJ12

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3 0
3 years ago
Using the Online Self Study Certifications table, answer the following question: At what individual price would revenue be maxim
Leona [35]

The individual price where the revenue would be maximized for the Certification in Online Counseling is <u>$190</u> with total revenue of $190,000.

<h3>What is total revenue?</h3>

The total revenue is a function of the units sold and the unit price.

To calculate the total revenue for each segment, the sales units per segment are multiplied by the segment's price.

TR = P * Q or Total Revenue = Price * Quantity.

<h3>Data and Calculations:</h3>

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                                  Certification           Certification                Bundle

Customers                     in Online      Counseling as a Group

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Segment 2 1000  $150    150,000      $90        90,000     $240   240,000

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<h3>Question Completion: </h3>

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Customers                     in Online      Counseling as a Group

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Segment 3 1000   $95                      $160                          $255

Segment 4 1000   $35                      $195                          $230

Required:

At what individual price would the revenue be maximized for the Certification in Online Counseling?

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