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
Nataliya [291]
3 years ago
13

The annual output and prices of a 3-good economy are shown in the table below. instructions: enter your answers as whole numbers

.
a. what was gdp in year 1? $ .
b. what was gdp in year 2? $
Business
1 answer:
Alex777 [14]3 years ago
3 0

In getting the GDP or Gross Domestic Product for year 1 and year 2, you should multiply the price to the quantity of goods sold and add them all up.

 

For GDP Year 1

 

Given:

 

Quarts of Ice Cream with a price of $6 and 4 quantity of goods.

 

Bottle of Shampoo with a price of $5 and 2 quantity of goods.

 

Jars of Peanut butter with a price of $3 and 4 quantity of goods.

 

= (6 x 4) + (5 x 2) + (3 x 4)

 

= $46

 

For GDP Year 2, the same products with different price and quantity.

 

= (6 x 6) + (5 x 3) + (3 x 3)

 

= $60

You might be interested in
. Which is NOT a principle of organic farming? (a) Avoiding synthetic fertilizers (b) Keeping as much organic matter as possible
Scilla [17]

Answer: Avoiding the use of fossil fuels

                                               

Explanation:  

There are four principles of Organic Farming which are as follows :-

1. Such farming should sustain and enhance the health of soil, plants, animals as well as of humans.  

2. Such farming should be based on the living ecological systems and cycles and help sustain them.

3. Thus kind of farming is build on relationships that ensure fairness with regard to common environment and life processes.

4. Such farming should be managed in a precautionary and responsible manner to protect the health and well being of current and future generations.

Hence the correct option is A .

8 0
3 years ago
Which of the following statements are true?
kirza4 [7]

Answer:

TRUE: A. Different companies will use different charts of accounts based on individual company need.

C. The general ledger contains all of the accounts that a company uses, along with detail of the balances in those accounts.

Explanation:

A. <u>Different companies will use different charts of accounts based on individual company need.</u>

A chart of accounts is the combination of all the accounts of an organization in an organized and structured model whose objective is to establish a codification so that there is a standardization of the company's financial information to assist the work of the accounting sector.

Therefore, each company will have a model chart of accounts referring to its activities and processes.

<u>C.</u><u> </u><u>The general ledger contains all of the accounts that a company uses, along with detail of the balances in those accounts.</u>

<u> </u>The general ledger can be defined as the set of all accounts held in the organization in detail.

Through the information in the accounts, the organization is able to correctly separate each one by type and carry out the organizational financial statement.

<u />

<u />

6 0
3 years ago
Colinda has just purchased her first home for $125,000. She put down a 20 percent down payment of $25,000 and took out a 4 perce
svetlana [45]
Answer: $333 Interest and $144 Principal
To find the values for this payment, you will need to use an amortization calculator. If you were not given one, there are numerous ones online. 
Simply enter the amount of the loan $100,000. Then, the number of years, 30 is standard. Finally, enter the percent.
It will show you that the total payment is $477 and also the break down of the payment as given in the answer.

3 0
3 years ago
Thomlin Company forecasts that total overhead for the current year will be $15,500,000 with 250,000 total machine hours. Year to
ki77a [65]

Answer:

The predetermined overhead rate based on machine hours is $62

Explanation:

\frac{Cost\: Of \:Manufacturing \:Overhead}{Cost \:Driver}= Overhead \:Rate

We will distribute the expected overhead cost over the costdriver. In this case, machine hours.

15,500,000/250,000 = 62

each machine hour carries 62 dollars of overhead.

The actual machine hours are used to determinate the applied overhead. While the actual cost it is compared with the applied to look for underapplication or overapplication.

6 0
3 years ago
consumers who had used a gasoline company's proprietary credit card...is the court of appeals likely to accept the interlocutory
kondor19780726 [428]

Answer:

No appeal can not be made.

Explanation:

Interlocutory appeal is the one in which a court will issue order while the case is still pending. Any appeal is not accepted on these orders. Appeal can only be made when the court issues final judgement after a trial.

5 0
3 years ago
Other questions:
  • The typical starting point of any firm's marketing mix is the:____________
    13·1 answer
  • Why do you think researchers sometimes find a positive relationship between the unemployment rate and college enrollment rates?
    14·1 answer
  • It will cost $3,500 to acquire a small hot dog cart. cart sales are expected to be $1,500 a year for three years. after the thre
    6·1 answer
  • Sage Company is operating at 90% of capacity and is currently purchasing a part used in its manufacturing operations for $15.00
    6·1 answer
  • What do you think the letters in SMART stand for?
    7·2 answers
  • If you are an equity investor how do you make money from your investment?
    15·1 answer
  • What is the nature of DENEL​
    10·2 answers
  • A company reported the following information for its most recent year of operation: purchases, $114,000; beginning inventory, $2
    11·1 answer
  • Jack Dossey wears socks of two colours - Yellow and Orange. He has altogether 20 yellow socks and 20 orange socks in a drawer. S
    7·1 answer
  • Does mixed economy have private ownership?
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!