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Elena-2011 [213]
3 years ago
11

Suppose there are five goods in the economy, A-E. The current-year quantity of each is 10A, 20B, 30C, 40D, and 50E. Current-year

prices are $1 for each unit of A, $2 for each unit of B, $3 for each unit of C, $4 for each unit of D, and $5 for each unit of E. Base-year prices are $1 for each good. Real GDP in the current year equals _________ and GDP equals _________.
Business
1 answer:
ella [17]3 years ago
7 0

Answer:

The real GDP is $150 and GDP is $550

Explanation:

There are five goods in the economy, A-E.

The current-year quantity of each is 10A, 20B, 30C, 40D, and 50E.

Current-year prices are $1 for each unit of A, $2 for each unit of B, $3 for each unit of C, $4 for each unit of D, and $5 for each unit of E.

Base-year prices are $1 for each good.

The real GDP is the value of output produced at base year price.

Real GDP

= 10 +20 + 30 + 40 + 50

= $150

The nominal GDP is the value of output produced at the current prices.

Nominal GDP

= 1 × 10 + 2 × 20 + 3 × 30 + 4 × 40 + 5 × 50

= 10 + 40 + 90 + 160 + 250

= $550

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Answer:

Option B

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Hope this helps.

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PSI, a financial services consultant, estimates that over _____ million U.S. households have a net worth in excess of $1 million
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2 years ago
New corporate bond issues in excess of $50,000,000 are:________.
tamaranim1 [39]

Answer: C. II and III

Explanation:

Under the Security Act of 1933, new corporate bond issues of such high amounts are not exempt from the Act and so need to be registered with the Securities and Exchange Commission (SEC).

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Smashed pumpkins co. Paid $200 in dividends and $624 in interest over the past year. The company increased retained earnings by
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Net Income = Retained earnings + Dividends paid = 200+522 =722

Tax rate was 38%.

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3 0
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