1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Lerok [7]
1 year ago
8

If real gdp in a year was $3,668 billion and the price index was 112, then nominal gdp in that year was approximately

Business
1 answer:
xenn [34]1 year ago
6 0

The nominal GDP in that year will be $4018 billion.

<h3>What is Nominal GDP?</h3>
  • Nominal gross domestic product is GDP calculated using the most recent market prices. GDP measures the monetary worth of all the goods and services a nation produces. Nominal GDP differs from real GDP in that it considers inflation, which represents how quickly prices are rising in an economy.
  • The monetary worth of the products and services produced is the standard way to calculate GDP.
  • Nominal GDP can overstate the growth rate because it does not account for the rate of price increases when comparing one period to another.
  • Growing pricing rather than increasing the number of goods and services produced may cause nominal GDP growth from year to year.
  • Nominal GDP is the starting point, whereas real GDP includes price changes.

we know that

Nominal GDP = Real GDP × Price index

Nominal GDP = $3668 × .112

Nominal GDP =  $4018

hence, the nominal GDP in that year will be $4018 billion.

To learn more about Nominal GDP with the given link

brainly.com/question/15171681

#SPJ4

You might be interested in
Suppose that the Federal Reserve wants to target a higher interest rate, the Federal Reserve would then:
GarryVolchara [31]

Answer:

if the FED wants to increase interest rates, it will generally engage in a contractionary monetary policy. This means that it will decrease the money supply in the economy. A contractionary monetary policy takes place when the FED starts to sell US securities and that way it will take away money from the economy. But in order to make more people want to purchase the securities, it will generally increase the interest rates.

Explanation:

5 0
3 years ago
1. Almost half the jobs in this country come from small businesses.<br> True<br> False
Dmitrij [34]

Answer:

True

Explanation:

Small businesses make up:

99.7 percent of U.S. employer firms,

64 percent of net new private-sector

jobs,

49.2 percent of private-sector

employment,

42.9 percent of private-sector payroll,

46 percent of private-sector output,

43 percent of high-tech employment,

98 percent of firms exporting goods,

and

33 percent of exporting value.

3 0
3 years ago
When a firm has flotation costs equal to 6.8 percent of the funding need, project analysts should:?
Akimi4 [234]
When a firm has flotation costs equal to 6.8 percent of the funding need, project analysts should increase the initial project cost by dividing that cost by (1-0.068). The flotation cost is the cost which emerge when a corporation gather its fund by issuing new securities. Underwriting fees, legal fees, registration fees are the common fees that will increase corporate's expense when they issue securities. Therefore, we can consider those fees as a flotation cost.
3 0
2 years ago
Is 6ixnine getting out of jail this year?
Alborosie

tbh idk some people has said he escaped others say hes still in there but whatever it is he needs to make another album.

4 0
3 years ago
Read 2 more answers
If the required reserve ratio is 2.50 percent, what is the monetary multiplier? if the monetary multiplier is 5, what is the req
ludmilkaskok [199]

If the required reserve ratio is 2.50 percent, the monetary multiplier is 40.

The money multiplier gives us the ratio of deposits to reserves (i.e. 1/R). That means, if the reserve ratio is 2.50% (i.e. 0.025), the money multiplier is 40 (i.e. 1/0.025). Thus, an initial deposit of USD 1,000 will end up creating a total of USD 40,000 in new money.

If the monetary multiplier is 5, the required reserve ratio is 20%.

Playing with the original multiplier formula, we can derive that R=1/m (m is money multiplier). If the money multiplier is 5, then the reserve ratio is 20% (i.e. 1/5 or 0.20).

8 0
3 years ago
Other questions:
  • Consider the following information.
    6·1 answer
  • Beyond redesigning the nature of the work itself, and involving employees in decisions, approach to making the work environment
    11·1 answer
  • When a firm cannot realize the cost savings from economies of scale all by itself, it may join in a strategic alliance with othe
    8·1 answer
  • If the marginal social benefit of consuming a good or a service exceeds the marginal private cost (A) a negative externality exi
    8·1 answer
  • Fourteen years ago william put money in his account at first national bank. william decides to cash in his account and is told t
    13·1 answer
  • what's the difference between gross domestic product and gross national product. what is the significance of this distinction fo
    13·1 answer
  • Maple Corporation and its subsidiary reported consolidated net income of $380,000 for the year ended December 31, 20X5. Maple ow
    9·1 answer
  • Tomorrow is my interview in Lucknow Public School for admission for 9th standard. Can anyone help me by giving some tips and tri
    5·1 answer
  • Think about a country where most economic production results in air pollution that creates lots of smog. What would be the trade
    9·1 answer
  • What is a major implication for HRM that has resulted from technical advancement? *
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!