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8090 [49]
3 years ago
6

if real gdp in 1995 was $4053.7 billion and nominal gdp in 1995 was $4220.3 billion, what was the value of the gdp deflator in 1

995?
Business
1 answer:
ohaa [14]3 years ago
6 0

Answer:

GDP deflator in 1995 was 104.11

GDP deflation rate in 1995 was 4.11%

Explanation:

GDP deflator is a term referring to a measure of level prices of domestically produced final products in an economy.

We have the formula as follow:

       GDP deflator = 100 x \frac{Nominal GDP}{Real GDP}

So that, replace the formula with data, GDP deflator in 1995 can be calculated as follow:

       GDP deflator = 100 x (4220.3/ 4053.7) = 104.11

=> GDP deflation rate was: 4.11%

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8 0
3 years ago
The firm's policy is to have finished goods inventory on hand at the end of the month that is equal to 70 percent of the next mo
Dahasolnce [82]

Answer:

\left[\begin{array}{ccccc}& &September&October&November\\&$sales&6000&6800&5600\\&$Desired ending&4760&3920&4270\\&$Total Needs&10760&10720&9870\\&$beginning&4200&4760&3920\\&$Production Requirement&6560&5960&5950\\\end{array}\right]

MISSING INFORMATION ATTACHED

Explanation:

\left[\begin{array}{ccccc}& &September&October&November\\&$sales&6000&6800&5600\\&$Desired ending&4760&3920&4270\\&$Total Needs&10760&10720&9870\\&$beginning&4200&4760&3920\\&$Production Requirement&6560&5960&5950\\\end{array}\right]

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