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White raven [17]
3 years ago
12

If economists calculate the gdp for 2009, using current prices of year 2009, what are they estimating?

Business
1 answer:
Vlad [161]3 years ago
6 0
They are estimating the Nominal GDP. The Nominal GDP measures the quarterly economic output that occurred in the year. This would analyze production, employment, all the elements in the financial circulation. This is different from the real GDP because here it would include the inflation of prices that occurred. Nominal GDP only reflects on the economical changed within the current year regardless of inflation. 
You might be interested in
The introduction of diet coke by the Coca Cola Company is an example of ________.A) line extensionB) brand harmonizationC) categ
Margaret [11]

Answer:

correct answer is  A) line extension

Explanation:

solution

correct answer is line extension because in  line extension method product is publicize for goods or services under name of well established company so their order to increase the profit

they make change the variety and their flavor

as that Coca Cola Company expand their new Coke options

so correct option is A) line extension

3 0
3 years ago
Like a good economist, you calculated the opportunity cost of getting your college degree. suppose that at your university, you
VikaD [51]
Opportunity cost of going to college is actually the salary forgone. 
With a yearly salary of $15,000 and a rent of $12000 yearly (parents would not let you live at home), we are left with $15000 - $12000 = $3000 per year 
For 4 years, the opportunity cost will be 4 x $3000 = $12000
3 0
3 years ago
Read 2 more answers
Need help with this problem asap!!
dybincka [34]
You can go to history.com


6 0
3 years ago
Kaspar Corporation makes a commercial-grade cooking griddle. The following information is available for Kaspar Corporation's ant
Leto [7]

Answer:

Total cost per unit is $77

Explanation:

Fixed manufacturing overhead per unit = Total fixed manufacturing overhead ÷ Number of units

= $478,800 ÷ 34,200 = $14 per unit

Fixed selling and administrative expenses per unit = Total Fixed selling and administrative expenses ÷ Number of units

= $171,000 ÷ 34,200 = $5 per unit.

Total cost per unit = Direct material + Direct labor + Variable manufacturing overhead + Fixed manufacturing overhead + Variable selling expenses + Fixed selling expenses

Total cost per unit = $15 + $5 + $11 + $14 + $5 + $5 = $55 per unit.

Markup = 40% of total cost = $55 × 40% = $22

Therefore, total selling price per unit = Cost per unit + Markup

= $55 + $22 = $77 per unit.

7 0
3 years ago
Suppose you invest $ 4 comma 000 today and receive $ 9 comma 250 in five years. a. What is the internal rate of return​ (IRR) of
Dovator [93]

Answer:

IRR is 18.25%

Annual amount is -$0.225 which closest to zero dollar,because at irr the investment return is zero

Explanation:

The formula for IRR in excel is :irr(values)

The formula can be applied to the cash outflow of $4,000 and cash inflow of $9,250 in five years' time as follows

Years                Cash flow

0                       -$4,000

1                          $0

2                          $0

3                           $0

4                            $0

5                          $9,250

irr(-$4000 to $9,250)

irr is 18.25%

The amount of receivable each year can be computed using pmt formula in excel

=pmt(rate,nper,-pv,fv)

rate is the irr of 18.25%

pv is -$4000

fv is the future amount 0f $9,250

=pmt(18.25%,5,-4000,9250)

pmt=-$0.225 which closest to zero amount

6 0
3 years ago
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