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
sergejj [24]
3 years ago
8

The chart 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. 2016 2017 Price Quantity Price QuantityIce cream $7.00 600 $3.00 400Blue jeans $70.00 20 $20.00 90Laptops $300.00 5 $300.00 52016 nominal GDP: $2016 nominal GDP: $2017 nominal GDP: $2017 nominal GDP: $2016 real GDP: $2016 real GDP: $2017 real GDP: $2017 real GDP: $
Business
1 answer:
Mrac [35]3 years ago
4 0

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

You might be interested in
Why do individuals have rights when they are accused of criminal acts?
laila [671]
Assuming you're talking about the US justice system . . . individuals still have rights when they are accused of criminal acts because our justice system requires that each individual be innocent until proven guilty in a court of law. Until such point that they are proven guilty, they are assumed innocent, and are entitled to the same rights as you or I am, having not committed any criminal acts. . . . THEY HAVE TO BE PROVEN GUILTY FIRST BEFORE THEY LOSE ANY RIGHTS AS A CITIZEN
7 0
3 years ago
Read 2 more answers
Jen's Fashions is growing quickly. Dividends are expected to grow at a 19 percent rate for the next 3 years, with the growth rat
Sedaia [141]

Answer:

Ans. Current Share Price=$33.85

Explanation:

Hi, we first have to establish the dividend for the first 3 years and the  dividend when the growth rate falls off to a constant rate of 8% with the formula to find the present value of a perpetuity with constant growth rate. From there, we need to bring all the above cash flows to present value and that is the price of the share. The formula is as follows.

Price=\frac{D1}{(1+r)^{1}}+\frac{D2}{(1+r)^{2} } +\frac{D3}{(1+r)^{3} } +\frac{D3(1+g)}{(r-g)} \frac{1}{(1+r)^{3} }

To find D1, D2,and D3, we have to do this.

D1=Do(1+0.19)

D2=D1(1+0.19)

D3=D2(1+0.19)

Since 0.19 is the growth rate for 3 years. Everything should look like this

Price=\frac{4.04}{(1+0.12)^{1}}+\frac{4.29}{(1+0.12)^{2} } +\frac{25.52}{(1+0.12)^{3} } +\frac{25.52(1-0.08)}{(0.12+0.08)} \frac{1}{(1+0.12)^{3} } =33.85

notice that the sign of the last part do not coincide with the formula, that is because the growth rate from the first 3 years is -8%.

Best of luck.

7 0
3 years ago
Willow Trees Inc. makes seven different products, four of which are within their first year of existence. The demands for all pr
Papessa [141]

Answer:

Willow Trees Inc. should use bottom-up planning

Explanation:

Bottom-Up Planning is an effective method to increase productivity and efficiency of the production process. It includes planning, and defining the objectives that company needs to achieve through bottoms first.

Firstly, targets that will help achieve lower level hierarchy are set into place. From there they are slowly incorporated in higher level goals that will eventually reach the global goals of the company.

7 0
3 years ago
Assume the current U.S. dollar-yen spot rate is 90 ¥/$. Further, the current nominal 180-day rate of return in Japan is 1% (annu
Citrus2011 [14]

Answer:

Explanation:

Forward excahnge rate/spot exchange rate = (1+rh)/(1+rf)

rh - periodic interest rate in the home currency

rf - periodic interest rate in the foreign currency

Forward/90 = [1+1%*180/360]/[1+2%*180/360]

Forward = 1.005/1.01 * 90 = 89.55

Forward rate is 89.55 yen/$

3 0
3 years ago
Glace has a ______ consistency. A. creamy B. jelly-like C. watery D. thick
kari74 [83]
Glace has a glossy surface, and when frozen, appears like hard gelatin. I would have to say it is D. Thick.

Hope that helps!
8 0
3 years ago
Read 2 more answers
Other questions:
  • Novak Company had the following two transactions related to its delivery truck. 1. Paid $150 for an oil change. 2. Paid $700 to
    11·1 answer
  • ABC Computer Company has a factory in Silicon Valley. During the current year ABC builds worth of computer components. ABC's cos
    12·1 answer
  • A study finds that the noise from airplanes is harmful; hence, the government imposes a $25 tax on the sale of every airplane. T
    11·1 answer
  • The _____ guarantees payment to employees of a basic retirement benefit in the event that financial difficulties force a company
    15·1 answer
  • Suppose the united states has two​ utilities, commonwealth utilities and consolidated electric. both produce 20 million tons of
    9·1 answer
  • Shane's Catering began with cash of $10,000. Shane then bought supplies for $2,300 on account. Separately, Shane paid $7,500 for
    7·1 answer
  • Grouper Company is constructing a building. Construction began on February 1 and was completed on December 31. Expenditures were
    6·1 answer
  • Explain why it is not necessary for paper money to be backed by some commodity (eg gold) before it can have value?
    5·1 answer
  • Smith Corporation makes and sells a single product called a Pod. Each Pod requires 1.7 direct labor-hours at $9.90 per direct la
    5·1 answer
  • MSK Construction Company contracted to construct a factory building for $525,000. Construction started during 20X1 and was compl
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!