Answer: b. $8,518.9 billion.
Explanation:
Nominal GDP is calculated with current prices which means that the effects of inflation are present.
Real GDP removes this effect by basing the GDP calculation on the prices of a previous period:
Real GDP = Nominal GDP * 100/ Price level
= 8,800 * 100/ 103.3
= $8,518.877
= $8,518.9 billion
Answer:
The answer is B. Price Skimming
Explanation:
In marketing, price skimming is a situation in which a high price is initially charged for a product and lowers it later after achieving its aim.
This type of product can be a luxury good in which high price is deemed as of high quality. The main aim is to gather enough revenue from the premium buyers and lowers it later to attract other customers
.
Price Skimming is usually set for products that have short life-cycle
C: They charge extremely high interest rates.
Answer:
$4,000
Explanation:
P- percent
r-rate
t-time
P: 10000
R:8 but u have to move it two spots so it would be 0.08
T:5 years
10,000(0.08) (5) = 4,000
$4,000
That's how I do it. I hope it helps!
