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boyakko [2]
3 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]3 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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Accounting professors earn more than English professors at most universities. Explain this with a supply and demand graph.
GenaCL600 [577]
I will assume here (since I don't have more information) that each school needs one English and one Accounting professor, but that more people are ready to teach English than accounting (this assumption might be wrong, but it's what  think)

therefore the supply is bigger for the English professors than for the Accounting professors -this means that the accounting professors can ask for bigger salary (the bigger the supply, the smaller the prize)

3 0
3 years ago
What are the cons to raising a minimum wage? ​
tekilochka [14]

Answer:

higher taxes

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3 0
3 years ago
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Ede4ka [16]

Cindyliz is wrong in this situation

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8 0
2 years ago
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The adjusted trial balance of Warbocks Corporation at December 31, 2017 includes the following accounts: Retained Earnings $12,6
irina [24]

Answer:

                                            Warbocks Corporation

Statement of retained earnings for the year ended December 31, 2017

                                                                                      Amount in $

Opening retained earnings                                           12,600

Net income for the year                                                  7,000

Dividend                                                                         <u> (5,000)</u>

Closing retained earnings                                             <u> 14,600</u>

Explanation:

The retained earnings statement shows the movement in the retained earnings balance between the start and end of the year.

This includes the net earnings and dividend paid during the year.

Net income =  $30,000 - $15,000 - $2,000 - $4,500 - $500 - $1,000

= $7,000

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3 years ago
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myrzilka [38]
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