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dimaraw [331]
3 years ago
5

Consider the following data that gives the quantity produced and unit price for three different goods across two different years

to answer the following questions. Assume that the base year is 2015.
Good 2015 Price 2015 Quantity 2016 Price 2016 Quantity
A $2 250 $3 200
B $3 300 $2 400
C $4 400 $5 500

What was the gross domestic product (GDP) deflator in 2016?

a) 103 b) 108.3 c) 110 d) 120 e) 13
Business
1 answer:
astra-53 [7]3 years ago
4 0

Answer:

B) 108.3

Explanation:

Good   2015           2015       2015       2016         2016       2016

           price           qty.         total        price         qty.         total

A           $2            250         $500        $3           200         $600

B           $3            300         $900        $2           400         $800

C          $4             400      $1,600        $5            500       $2,500

total                                   $3,000                                      $3,900

real 2015 GDP in 2016 quantities = (200 x $2) + (400 x $3) + (500 x $4) = $400 + $1,200 + $2,000 = $3,600

Gross domestic product deflator is a way of measuring inflation rate. The formula for calculating the GDP's deflator is by dividing nominal GDP by real GDP.

GDP deflator = (nominal GDP 2016 / base year GDP 2015) x 100 = ($3900 / $3,600) x 100 = 108.33

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Answer:

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Explanation:

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8 0
3 years ago
The third party which is authorized to make a final decision in a dispute is called the ______.
sesenic [268]
The third party which is authorized to make a final decision in a dispute is called the arbitrator.
7 0
4 years ago
What part of the business plan deals with details about promotion, pricing, and distribution, as well as on how the business wil
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A marketing strategy is a company's "overall game plan" for reaching out to "prospective customers" or consumers and converting them into customers of their products or services.

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8 0
2 years ago
What is a companys obligation to contribute to the sustainability of natural resources
FrozenT [24]

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Companies have a corporate social responsibility towards their environment.

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Corporate social responsibility implies that companies are expected to engage in industrial practices that would not result in harm to their environment. For example, the amount of carbon being released into the environment must be controlled as excessive release of carbon can be detrimental to health. It is also not right for waste to be discharged into the oceans because the health of the sea animals, the ocean itself and those who swim in it are at risk.

To promote sustainability, companies avoid practices that would eventually harm their environment. Abiding by these practices might take a longer route, but is eventually cost effective and beneficial.

8 0
3 years ago
Greenville Cabinets received a contract to produce speaker cabinets for a major speaker manufacturer. The contract calls for the
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Answer:

For regular time manufacture :

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Month 2 = 2100

Floor. month 1 = 1500

Month 2 = 2040

For overtime manufacture:

Bookshelf month 1 = 0

Month 2 = 0

Floor. Month 1 = 900

Month 2 = 1460

For explanation see the picture attached

5 0
4 years ago
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