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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:

2.88%

Explanation:

According to the fisher equation :

(1 + Nominal interest ) = (1 + real interest) (1 + inflation rate)

(1.07) = (1.04) x (1 + real interest)

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3 years ago
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Answer:

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Explanation:

The Company's income Statement is prepared below. In relation to the following please note that:

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<u>Income Statement on December 31st:</u>

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Income statement

For period ended December 31st

Revenue                                           $

Sales Revenue                             166,000  

Other Revenue                                   -  

Total Revenue (A)                             166,000  

Expenses:                                    $

Salaries and Wages Expense             97,000  

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Advertising Expenses                        9,025  

Income Tax Expense                        18,500  

Dividends                                        12,000

Total Expenses (B)                        142,825  

Net Income (A-B)                                 $23,175

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