Answer:
A) What is the GDP price index for 1984, using 2005 as the base year?
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the GDP price index using 2005 as base year = [($15 / $20) x 100] = 75
B) By what percentage did the price level, as measured by this index, rise between 1984 and 2005? ...percent.
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the price level increased by: [(100 - 75) / 75] x 100 = 33.33%
C) What were the amounts of real GDP in 1984 and 2005?
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In 1984, real GDP = $20 x 7,000 buckets = $140,000 or we can also use another method = ($15 x 7,000) / 0.75 = $105,000 / 0.75 = $140,000. The answer using both methods should be the same.
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In 2005, real GDP = $20 x 22,000 buckets = $440,000
Answer:
B.
Explanation:
Social Security is Payroll Tax.
I think c is the correct answer
Answer:
C
Explanation:
Because that would not make any sense of "distributive marketing
