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kvasek [131]
3 years ago
8

Suppose that the country of Samiam produces only eggs and ham. In 2005 it produced 100 dozen eggs at $3 per dozen and 50 pounds

of ham at $4 per pound. In 2004, the base year, eggs sold for $1.50 per dozen and ham sold for $5 per pound. For 2005,
a. nominal GDP is $400, real GDP is $400, and the GDP deflator is 100.
b. nominal GDP is $500, real GDP is $400, and the GDP deflator is 80.
c. nominal GDP is $400, real GDP is $500, and the GDP deflator is 125.
d. nominal GDP is $500, real GDP is $400, and the GDP deflator is 125.
Business
1 answer:
kozerog [31]3 years ago
6 0

Answer:

d. nominal GDP is $500, real GDP is $400, and the GDP deflator is 125.

Explanation:

Real GDP is total output produced in an economy within a given period multiplied by base year prices

Nominal GDP is the sum of all final goods and services produced in an economy within a given period multiplied by current year prices.

Nominal GDP = (100 × $3) + (50 × $4) =

$500

Real GDP = (100 × 1.5) + (50 × $5) = $400

GDP deflator = (nominal gdp / real gdp) x 100

(500 / 400) × 100 = 125

I hope my answer helps you

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Modern means of transportation include airways, waterways, and railroads. Description: Modes of transport include air, water, and land. Examples of modern transportation include ships, boats, planes, and trains. Each mode of transportation has its own infrastructure, vehicles, carriers, and operations.

Means of transport is used interchangeably with means of transport. Transportation means include buses, trains, planes, ships, cars, etc. Transportation means roads, airways, oceans, and so on. It is one of many types of transport machinery used to transport people and cargo.

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2 years ago
Which of the following were reasons for wanting government control of the railroad and large production entities? economic gap b
kondaur [170]
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3 years ago
Information for Basic Factory, Inc., as if December 31 follows:
gavmur [86]

Answer:

Basic Factor, Inc.

Cost of Goods Manufactured statement for the year ended December 31:

Opening Raw Materials Inventory = $88,000

Direct Materials = $180,000

Total cost of raw materials available = $268,000

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Less closing goods in process inventory = $29,800

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add Fixed Factory Cost:

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Explanation:

Cost of manufactured goods is the managerial accounting term used to describe the total cost incurred in producing goods.  It includes not only the variable costs, but also the fixed costs of production.

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8 0
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Telecom Co. enters into a​ two-year contract with a customer to provide wireless service​ (voice and​ data) for​ $40 per month.
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Answer:

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7 0
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miss Akunina [59]

Answer:

C. both liquid and a store of value.

Explanation:

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The T-Bond, as treasury bonds is often called is a good store of value as it pays interest and the principal is backed by a legal contract.

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