Answer:
Nominal GDP in 2014 was $1000
Nominal GDP in 2015 was $1665
Nominal GDP in 2016 was $2500
Explanation:
Nominal GDP is the market value of goods and services produced in an economy, un-adjusted for inflation.
NGDP= Q x P
Where
Q= quantity
P= price
Nominal GDP in 2014
NGDP(2014)=$4x 100+ $5 x120
NGDP(2014)=$1000
Nominal GDP in 2015
NGDP(2015)= $4.50x 150+ $5.50x 180
NGDP(2015)=$1665
Nominal GDP in 2016
NGDP(2016)= $5x 200 +$6.00x 250
NGDP(2016)= $2500
Answer: $38,250
Explanation:
Current portion of tax is the amount of tax payable on the current taxable income:
= Taxable income * tax rate
= 153,000 * 25%
= $38,250
Answer:
The break-even in monthly dollar sales is closest to $215,000
Explanation:
The break-even point is the level of production at which the costs of production equal the revenues for a product and calculated by using following formula:
Break-even point in units = Fixed expense/(Selling price per unit-Variable expense per unit) = $144,050/($230.00 - $75.90) = 935 units
The break-even in monthly dollar sales = 935 x $230.00 = $215,000
Answer:South Africa has a mixed economy in which there is a variety of private freedom, combined with centralized economic planning and government regulation.
Explanation:
