1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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

You might be interested in
Alexandra owns stock in a corporation, and she just received 100 additional shares of stock as part of the corporation’s distrib
Marina CMI [18]

Answer:

The correct answer is A

Explanation:

Dividend is the amount of money or a payment which is made through the corporation or business to its shareholders, mostly as a distribution of profits. When the business or corporation have profits or the surplus, then the business is able to re- invest the profit further and then pay the proportion of the profit as the dividend to the company shareholders.

So, in this case, Alexandra who received 100 additional on the stock is the distribution of profit, which is called as dividends.

7 0
3 years ago
Adkins Bakery uses the modified halfminusmonth convention to calculate depreciation expense in the year an asset is purchased or
nirvana33 [79]

Answer:

The correct answer is $9187.5.

Explanation:

According to the scenario, the given data are as follows:

Asset cost = $140,000

Residual value = $42,000

Life period = 8 years

So, Annual depreciation can be calculated by using following method:

Annual depreciation = ( Asset cost - Residual value) ÷ Life period

= ($140,000 - $42,000) ÷ 8

= $12,250

As depreciation is to be recorded till Dec.31

So, total time period = Apr - Dec = 9 months

So, Depreciation expense till Dec.31 = $12,250 × (9 ÷ 12)

= $9,187.5

Hence, Depreciation expense till Dec.31 is $9,187.5.

7 0
3 years ago
Which statement best summarizes the role of businesses in the flow of
Tems11 [23]

Answer: D

Explanation:

apex

5 0
3 years ago
One column of numbers consists of 28, 42, and 14. When the digits of the
san4es73 [151]

Answer:

the correct answer is D

D. If the end result from the second column is not 3, then the sum of the

numbers in the first column equal to the sum of the numbers in the

second column.

Explanation:

since e are given the first column operation of the numbers. The operational process is repeated on the  number of the second column we can then conclude by choosing option <em>D if the end result from the second column is not 3, then the sum of the numbers in the first column is equal to the sum of the numbers in the </em>

<em>second column.</em>

3 0
3 years ago
A tax exempt municipality is considering the construction of a new municipal waste water treatment facility. Two different sites
In-s [12.5K]

Answer:

The incremental benefit/cost ratio for Alt A is 2.15 and The incremental benefit/cost ratio for Alt B is 1.35

Explanation:

In order to calculate the incremental benefit/cost ratio for both of the two alternatives we would have to make the following calculations:

For ALT A

PV of benefits = $2,111,404 * [1-(1.06)^-75]/0.06 = $34,744,943.5

Therefore, incremental benefit cost ratio = $34,744,943.5/$16,161,644 = 2.15

The incremental benefit/cost ratio for Alt A is 2.15

For ALT B

incremental benefits = ($3,019,639 -$2,111,404) * [1-(1.06)^-75]/0.06 = $14,945,777.2

incremental benefits = $27,211,376 - $16,161,644 = $11,049,732

Therefore, incremental benefit cost ratio = $14,945,777.2/$11,049,732 = 1.35

The incremental benefit/cost ratio for Alt B is 1.35

5 0
3 years ago
Other questions:
  • A success biologists main interest area would be
    6·1 answer
  • Answer the question on the basis of the following information. Assume that if the interest rate that businesses must pay to borr
    8·1 answer
  • ___________ replace the typical magnetic strip on a credit or debit card with a microprocessor. smart cards
    7·1 answer
  • Mining companies, farms, financial services, and fisheries are all examples of: transactional markets. cooperative markets. rese
    10·1 answer
  • the return to schooling for society is higher than the return to schooling for the individual if a. the concept of diminishing r
    10·1 answer
  • 1) Which of the following statements is false? A) The variance increases with the magnitude of the deviations from the mean. B)
    12·1 answer
  • Giving away 100 for fun
    14·2 answers
  • The composition of the Fingroup Fund portfolio is as follows:_________.
    7·1 answer
  • Tax preparation software can help prepare and file your
    15·1 answer
  • 19. 14 oz of gold equals how much in dollars.
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!