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nlexa [21]
3 years ago
9

An economy produces apples (in kilos) and computers (in units). The quantities of apples in years 2008, 2009 and 2010 are 500, 5

00 and 550, respectively. The quantities of computers in those same years are 5, 5 and 6, respectively. The prices of a kilo of apples (in dollars) in years 2008, 2009 and 2010 are 1, 2 and 3, respectively. The prices of computers (in dollars) for those same years are 900, 1000 and 1000. The nominal GDP for year 2010 is"
Business
1 answer:
Fudgin [204]3 years ago
3 0

Answer:

Nominal GDP for year 2010 = $7,650

Explanation:

Nominal GDP measures the market value of all goods and services produced in an economy at current prices, normally in a year. Current prices are the prices of the year I want to know the GDP. In this case, our current prices are 2010 prices. To know the nominal GDP, we must multiply the quantities produced by their current prices:

Nominal GDP= 550*$3+6*$1000=$7,650

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Answer:

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The advantage of this strategy is that it helps to avoid the additional costs of developing and producing additional versions of the product.

5 0
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Each year, the U.S. Army shoots an estimated 200 million rounds of lead bullets at target practice areas across the United State
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8 0
3 years ago
Assume the marginal propensity to consume is 0. 8. How will a decrease in taxes of $100 billion and a decrease in government spe
lisabon 2012 [21]

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The overall demand for finished goods and services in an economy at a certain period is known as aggregate demand (AD) or domestic final demand (DFD) in the field of macroeconomics. Effective demand is a common name for it, however other times this term is used to make a distinction. This is a country's demand for its gross domestic output. It details the volume of goods and services that will be bought at every price point. The aggregate demand is made up of investment, corporate and governmental expenditures, consumer spending, and net exports. Real output is represented on the horizontal axis and the price level is plotted on the vertical axis to represent the aggregate demand curve. Although it is presumed to be downward sloping, the Sonnenschein-Mantel-Debreu findings demonstrate that the curve's slope

To know more about aggregate demand refer to brainly.com/question/24777291

#SPJ4

3 0
1 year ago
Why do most corporate plans fail?
DochEvi [55]

Answer:

the following list includes some of the common reasons: 1 lack of planning -businesses fail because of the lack of short-term and long-term planning.... Failure to plan will damage your business. 2 Leadership failure -businesses fail because of poor leadership.

Explanation:

hope it helps:-)

3 0
3 years ago
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