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
Lynna [10]
3 years ago
15

Suppose that annual output in year 1 in a 3-good economy is 3 quarts of ice cream, 1 bottle of shampoo, and 3 jars of peanut but

ter. In year 2, the output mix changes to 5 quarts of ice cream, 2 bottles of shampoo, and 2 jars of peanut butter. If the prices in both years are $4 per quart for ice cream, $3 per bottle of shampoo, and $2 per jar of peanut butter, what was the economy's GDP in year 1? What was its GDP in year 2?
Business
1 answer:
My name is Ann [436]3 years ago
6 0

Answer:

$21

$30

Explanation:

GDP is the sum of all final goods and services produced in an economy within a given period which is usually a year.

GDP in year 1 = (3 × $4) + (1 ×$3 ) + (3 x $2) =$21

GDP in year 2 = ( 5 x $4) + (2 x$3 ) + (2 x $2) = $30

I hope my answer helps you

You might be interested in
The __________ rate tells you how much one unit of currency is worth when converted to another currency.
marissa [1.9K]

Answer:

the answer is A. exchange

hope this helps

5 0
3 years ago
A Registered Representative sold a deferred variable annuity to an unmarried 18 year old high school senior who had just inherit
vova2212 [387]

Answer:

c)

Explanation:

The costumer has no spouse or dependents.  This negates the value of the death benefit.  The founds has no liquid due to the surrender fees, and there is also 10% penalty on withdrawals before age 59.5

3 0
3 years ago
List the four steps in the response model for answering behavioral interview questions.
ad-work [718]
One technique in answering behavior interview questions is STAR where S makes for specific situation, T for task, A for action and R for result. SImple but efficient procedure
Thank you for your question. Please don't hesitate to ask in Brainly your queries. 
7 0
3 years ago
Read 2 more answers
Problem location and definition is the first step toward finding a solution to a marketing problem or launching a research study
Lina20 [59]
Problem location and definition is the first step toward finding a solution to a marketing problem or launching a research study. The sign of a problem is usually a departure from some normal functions, for instance, failure to attain objectives.
5 0
3 years ago
I WILL GIVE BRAINLEY
KonstantinChe [14]

Answer:

The first one is Business communication skills

The second one is computer skills

The third one is leadership skills

The fourth one is analytical skills

Explanation:

3 0
2 years ago
Other questions:
  • Which of the following tasks would be completed by a radio announcer?
    6·2 answers
  • How did the Great Depression affect economists’ beliefs about the macroeconomy?
    11·2 answers
  • Jerry Rice and Grain Stores has $4,430,000 in yearly sales. The firm earns 2 percent on each dollar of sales and turns over its
    15·1 answer
  • Ecco Company sold $151,000 of kitchen appliances with six-month warranties during September. The cost to repair defects under th
    15·1 answer
  • Aliyah purchased Verizon Communications stock in April 2015 for $48.90 per share. She sold the stock one-year later for $54.01 p
    11·1 answer
  • CL Inc., a new firm, used mass media to gain traction among customers. The company used sales promotions and public relations to
    9·2 answers
  • Satisfaction is one of the first and most crucial steps of the staircase of motivation because motivation provides comfort to in
    8·1 answer
  • When corporate taxes and the cost of financial distress are taken into consideration, the market value of a firm is equal to the
    8·1 answer
  • What happens over time to the real cost of purchasing a home, if the mortgage payments are fixed in nominal terms and inflation
    13·1 answer
  • Employees at Pak-N-Sav, a discount grocery chain, know that they have to stay on their toes at all times. Mr. and Mrs. Kessler,
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!