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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:

32.03%

Explanation:

Data provided as per the question

Net operating income = $42,930

Average operating assets = $134,000

The computation of  return on investment (ROI) is shown below:-

Return on investment =net operating income ÷ average operating assets

$42,930 ÷ $134,000

= 32.03%

Therefore for computing the return on investment we simply divide average operating assets by net operating income.

5 0
3 years ago
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In many cases, it is reasonable to refer to the ________________ as the price.
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<h3>What is an opportunity cost?</h3>

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Read more about opportunity cost

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6 0
2 years ago
Ups devices typically have capacities that may run up to __________ va.
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3 years ago
A music teacher asked her students to set a really hard goal, such as increasing their practice time by 10 hours per week, which
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Reinforay, an aircraft manufacturer, makes passenger, cargo, short-haul, and long-haul aircraft from the same design, with many
Tcecarenko [31]

Answer:

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Explanation:

Product platform -

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