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boyakko [2]
4 years ago
14

Suppose that a very small economy produces only televisions and computers. Using the information below, what is the nation’s nom

inal GDP in Year 4? Year 1 (base year): 10 computers sold at $2000 each and 15 televisions sold at $500 each Year 4: 17 computers sold at $2200 each and 20 televisions sold at $550 each A $5250 B $27500 C $48400 D $20900
Business
1 answer:
Licemer1 [7]4 years ago
6 0
The nation's nominal GDP does not take inflation into account. To solve this problem, we simply calculate the nation's nominal GDP in Year 4, ignoring the base prices. Keep in mind that if we were calculating real GDP, we would have to use the base year prices in our GDP calculation. 

Year 4:
Computers: 17 x 2200 = 37,400
Televisions: 20 x 550 =   11,000 +
Total GDP                                     =$48,400
Answer is C) 48,400
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Explanation:

57 Chocolate belongs to two sisters

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7 0
3 years ago
An operational plan provides a detailed road map of the steps necessary to achieve operational goals (sometimes referred to as o
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Answer: single use plan

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4 0
3 years ago
A gift shop sells 2000 boxes of scented candles a year. The ordering cost is $100 for scented candles, and holding cost is $10 p
Gekata [30.6K]

Answer:

Minimun cost: $2000

Explanation:

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<u>Where: </u>

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Q_{opt} = \sqrt{\frac{2(2,000)(100)}{10}}

Q_{opt} = \sqrt{40,000}

EOQ 200

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It will face an average inventory of 100 units thus holding cost:

100 units x 10 dollar per unit = 1,000

Total cost: 1,000 + 1,000 = 2,000

6 0
3 years ago
The statement of cash flows for Baldwin Company shows what happens in the Cash account during the year. It can be seen as a summ
Fynjy0 [20]

Answer:

d) It is a use of cash, and will be shown in the investing section as a subtraction.

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There will be cash usage when their plant improvements. It is not a source of cash which does not result in cash inflows. So, this option is incorrect.

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3 years ago
It is has been estimated that there are ________ varieties of psychopathology.
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It has been estimated that there are over 300 varieties of psychopathology. These have been divided into eleven major classes.
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