Answer:
Explanation:
The chart below gives prices and output information for the country of Utopia. Use this information to calculate real and nominal GDP for both years. Use 2017 as the base year.
Year 2016 2017
Price Quantity Price Quantity
Ice Cream $7.00 600 $3.00 400
Blue Jeans $70.00 20 $20.00 90
Laptops $300.00 5 $300.00 5
2016 nominal GDP = $_(7 x 600) + (70 x 20) + (300 x 5)_ = $7,100
2017 nominal GDP = $_(3 x 400)+(20 x 90) + (300 x 5)_ = $4,500
2016 real GDP = $__(7100-4500)/ 4500)) / change in ice cream price of 50%+ change in blue jean price of (70-20/20) 250%_______
= 0.57/3 = 0.19% growth. Technically the economy was better in 2016 than in 2017.
2017 real GDP = will be same as nominal, hence no growth since this is the base year
The right answer for the question that is being asked and shown above is that: "Increase reserve requirement." The <span>action that would the Federal Reserve most likely take to rein in spiraling inflation is that of </span><span>Increase reserve requirement.
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The right answer for the question that is being asked and shown above is that: "<span>Increase reserve requirement." </span>
Answer:
b. 2.81 times
Explanation:
Calculation to determine Total stockholders' equity, end-of-year 121,851
Total asset turnover is:
First step is to calculate the Total assets
Beginning Ending
Total liabilities $83,932 $103,201
Total equity 198,935 121,851
Total assets $282,867 $225,052
Now let determine the Total asset turnover
Total asset turnover = $712,855/[($282,867 + $225,052)/2]
Total asset turnover= 2.81 Times
Therefore Total stockholders' equity, end-of-year 121,851
Total asset turnover is:2.81 Times
