Ask question

Ask question

All categories

3 years ago

6

Suppose nominal GDP in 2006 was $14460 billion. If the current year price index is 127. What was the real GDP for 2006 (in billi

on of dollars)? (Round your answer to the nearest whole number.)

1 answer:

Musya8 [376]3 years ago

7 0

Answer:

$113.86 billion

Explanation:

Real GDP = nominal GDP/ price index

Real GDP = $14460 billion / 127 = $113.86 billion

I hope my answer helps you

You might be interested in

1)A checking account is sometimes also called a:

love history [14]

1) demand deposit account.

2) Computer software.

3) Saved for emergencies.

4) A job.

5) It's far more difficult to manage an account electronically.

6) Checks written after the statement closing date wouldn't appear on the statement.

7) When a check is drawn for more than the balance, the rest comes from a credit card account.

8) The account holder does not need to record the amount of the purchase in his or her check register.

9) All the above.

10) Easier.

5 0

3 years ago

“Long-term loans are riskier for lenders because they cannot accurately predict long-term economic trends.” What economic trends

Stels [109]

The global and national economic indicaters. For example stability amd law and order. If the conditions for business are less suitable,people will not invest. That means there will be less money available. To utilize the unused funds, the central bank may lower the interest rate to make borrowing easier and savings difficult

8 0

3 years ago

Modern Federal Bank is setting up a brand-new branch. The cost of the project will be $1.2 million. The branch will create addit

KonstantinChe [14]

Answer:

23.12%

Explanation:

Internal rate of return (IRR) is the rate at which the Net present value (NPV) of a project equals to zero.

Using a financial calculator and the CF function, input the following to find IRR;

Initial investment; CF0 = -1,200,000

Yr1 cashflow inflow ; C01 = 235,000

Yr2 cashflow inflow ; C02 = 412,300

Yr3 cashflow inflow ; C03 = 665,000

Yr4 cashflow inflow ; C04 = 875,000

Then key in IRR CPT = 23.119%

Therefore, the Internal rate of return this expansion is 23.12%

3 0

3 years ago

Changing the speed and tone of your depending on the type of example you are giving can affect how listeners respond to your spe

steposvetlana [31]

Answer: voice

Explanation:

3 0

2 years ago

Floors n’ More, Inc., hires Gordon to renovate Floors n’ Mores showroom. Gordon submits plans that Floors n’ More approves. Gord

gogolik [260]

Answer:

Yes Gordon can sue Floors n' Mores for the settlement of the contract keeping in mind that Gordon has made partial completion of the contract. Full payment would be determined based on the completion of the total work in line withe the plans submitted when the contract was signed

Explanation:

In order to understand the scenario in case if Gordon wants to sue Floors n Mores they can only be compensated for the amount of project completion in line to the expectations that matches to Floors n More.

For Example if 75% of the work is in line with the expectation of Floors N More then Gordon should be paid total amount payable multiply by 75%.

Usually in such cases if the contract is fulfilled to certain extent it is preferred to close the contract based on the %age of completion because major reconstruction, buying of fixtures and furniture was executed. Hence major risks and rewards were transferred to Floors n Mores.

4 0

3 years ago