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agasfer [191]
3 years ago
5

A south sea island produces only coconuts. In 2010, the price of a coconut is $1.50 and the quantity produced is 300. In 2012, t

he price of a coconut is $0.50 and the quantity produced is 350. 2010 is the base year. Real GDP in 2012 is ______.
Business
1 answer:
Semenov [28]3 years ago
8 0
1.50*300=$450
0.5*350=$175
(175/450)*100=39%
Real GDP in 2012 is 39%
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Answer:

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This assignment requires the application of your understanding of how the federal budget deficit affects economic variables.
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<h3>How can budget deficit have effect on trade balance?</h3>

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2 years ago
A company had a beginning balance in retained earnings of $430,000. It had net income of $60,000 and declared and paid cash divi
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Answer:

b. $433,750

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The ending balance in retained earnings can be calculated as;

= Beginning balance + Net income - Cash dividends

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4 0
2 years ago
Dora earns 50,000 a year at her johs. when she was given a raise of 5,000 her spending increased from 50,000 to 54,000 calvulate
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Given:
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Therefore
MPC - 0.8 = 1
MPC = 1.8

Answer:
MPS = 0.8
MPC = 1.8


5 0
3 years ago
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