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Firdavs [7]
3 years ago
8

Consider an economy that produces only DVDs and DVD players. Last year, 10th DVDs were sold at $20 each and 5 DVD players were s

old at $100 each, while this year 15 DVDs were sold at $10 each and 10 DVD players were sold at $50 each. Real GDP this year using last year as the base year is:A) $100.
B) $700.
C) $1,300.
D) $300
Business
1 answer:
trapecia [35]3 years ago
8 0

Real GDP this year using last year as the base year is

B) $700

Explanation:

  • Last year, 10th DVDs were sold at $20 each and 5 DVD players were sold at $100 each, while this year 15 DVDs were sold at $10 each and 10 DVD players were sold at $50 each. Real GDP this year using last year as the base year is  $700.
  • Gross Domestic Product (GDP) is the monetary value of all finished goods and services made in a country during a specific period of time.
  • The Gross Domestic Product calculates the real value of economic activity within a country.
  • GDP is a number that shows the net worth of the output of a country in local currency.
  • It represents the value of all goods and services produced in a specific time period within a country's borders.
  • Gross domestic product (GDP) is the total value of everything produced in a country.

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eduard

Steve will get $11360 with the process of simple interest.

<h3>what is simple interest?</h3>

Simple interest is calculated based on a loan's principal or the initial deposit into a savings account. Simple interest doesn't compound, therefore a creditor will only charge interest on the principal sum, and a borrower will never be required to pay further interest on the interest that has already accrued.

Rate of interest = 14%

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Time = 3 years

Simple interest

=\frac{8000 \times 3 \times 14}{100}\\=3360

Now principal + interest = 8000+3360 = 11360

Therefore, Steve will get $11360.

To learn more about simple interest from the given link

brainly.com/question/25793394

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