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Colt1911 [192]
3 years ago
10

Consider the following simple economy that produces only three​ goods: 2009​ (Base Year) 2017 Product Quantity Price Quantity Pr

ice Denim pants 80 ​$40 100 ​$50 Wine 90 11 80 10 Textbooks 15 90 20 100 Real GDP in 2017 equals ​$?
Business
1 answer:
OLEGan [10]3 years ago
4 0

Answer:

Real GDP 2017 = $6.680

Explanation:

First of all you have to calculate the GDP in 2009

80 * $40= $3.200  

90 * 11 = $990  

15 *90 = $1.350  

GDP 2009 = $5.540  

Now you have to calculate the GDP with the quantities of 2017 and the prices of 2009:

100 * $40 = $4.000  

80 * $11 = $880  

20 * $90 = $1.800

Real GDP 2017 = $6.680

Now you know the real GDP in the year 2017, without the effect of the inflation that is the variation of the prices through the years, and as you can see the real GDP is greater than the GDP 2009 .

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The rate of economic growth per capita in France from 1996 to 2000 was 1.9% per year, while in Korea over the same period it was
jenyasd209 [6]

Answer and Explanation:

The rule of 72 refers the time period in which your investment which you invest should be doubled

So based on the rule of 72, the computation is shown below:

1. doubling time for France per capita real GDP is

= Rule of 72 ÷ rate

= 72 ÷ 1.9

= 37.89 years

2. Doubling time for Korea per capita real GDP is

= Rule of 72 ÷ rate

= 72 ÷ 4.2

= 17.14 years

3. France per capita real GDP in year 2045 is

= Per capita read GDP × (1 + growth rate)^time period

= $28,900 × 1.019^42

= $63,710.88

4. Korea  per capita real GDP in year 2045 is

= Per capita read GDP × (1 + growth rate)^time period

= $12,700 × 1.042^42

= $71,490.43

The time period 42 comes from

= 2045 - 2003

= 42 years

7 0
4 years ago
Why do we need to do school when at home bc this is supposed to be my vaca...
QveST [7]

Answer:

because it's only April

Explanation:

school doen't end until may

5 0
3 years ago
Read 2 more answers
Two types of deposit accounts are
andre [41]

Answer:

checking and saving

Explanation:

when you opening a new bank account. the bank will ask you want to open a checking and saving account or both

4 0
3 years ago
The ______ approach is a management approach that advocates the idea that a manager's attitude toward employees can affect produ
padilas [110]

Answer:

Human Relations Approach

Explanation:

According to my research on studies conducted by various sociologists, I can say that based on the information provided within the question the approach being described is called the Human Relations Approach. Like mentioned in the question this approach refers to the view that the effectiveness of any organisation depends on the quality of relationships among the people working in the organisation.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

4 0
4 years ago
If the government uses tax money to pay for long-term investments such as roads or other infrastructure, what happens to the eco
coldgirl [10]

Is this a theory type of question?

If it is and if it took place under president Calvin Coolidge then taxes likely would have gone up.

If you are talking about now, then investment might go up but in order to pay for it, the government will just print more money, so that taxes shouldn't go up.

I'd pick C.

4 0
4 years ago
Read 2 more answers
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