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
TEA [102]
3 years ago
5

Suppose that, during 2012, nominal GDP was $10,082 billion. During 2012, the value of the Consumer Price Index was 177.1 (using

1999 as the base year). Estimate the real GDP for 2012.
Business
2 answers:
givi [52]3 years ago
8 0

Answer: Real GDP for 2012 is $5,692.83 billion

Explanation: Real GDP is a measure of the output of goods and services in an economy taking into consideration prices changes (inflation and deflation). Real GDP is calculated usinf prices of a base year not current prices.

Real GDP = Nominal GDP/CPI × 100

= $10,082 billion/ 177.1 × 100

= $5,692.83 billion

erma4kov [3.2K]3 years ago
5 0

<em>Answer</em>:

<u>5,692.83</u> 3.

Explanation:

($10,082 billion/177.1) x 100 = 5,692.83

Remember the real GDP takes into account the value of the total number of goods and services produced by a country in a given year, while taking the effect of inflation into account.

Because of inflation the consumer price index data is used in the calculation to find the change or deflation that has occurred.

You might be interested in
When conducting a swot analysis, budgets, ratios, and sales reports can be used to identify:?
Amanda [17]
The answer to this question is <span>Company strengths and weaknesses.
In this context, company strength refers to all the factors that make the company stand out among other competitors in the market (such as good products, fame, good researchers, etc)
The weakness, on the other hand, refers to something that needed to be taken care of if the company want to win the competition in the market. (such as huge debt ratio, scandals, etc)

</span>
5 0
3 years ago
Which one of the following forms is used in connection with registration of securities of a small reporting company with $25 mil
ki77a [65]

Answer: S-1

Explanation:

According to the the securities and exchange commissions, the S-1 is the registration under the SEC act of 1933. Whereby a company file form S-1 in anticipation of IPO (initial public offering).The company must be small reporting company with $25 million of annual revenues and of $25 million of voting securities held by non-affiliates.

4 0
3 years ago
What are checks?
LiRa [457]

Answer:

A cheque, or check, is a document that orders a bank to pay a specific amount of money from a person's account to the person in whose name the cheque has been issued. The person writing the cheque, known as the drawer, has a transaction banking account where their money is held.

7 0
3 years ago
Which of the Ten Principles of Economics does welfare economics explain more fully?A. The cost of something is what you give up
Romashka-Z-Leto [24]

Answer:

A

Explanation:

8 0
3 years ago
John d. rockefeller stands out among nineteenth-century business leaders because of his?
rosijanka [135]

John d. Rockefeller stands out among nineteenth-century business leaders because of his innovative organization called vertical integration.

<h3>What is vertical integration?</h3>

Vertical integration is a procedure that entails acquiring corporate operations in order to produce the same thing.

  1. When a business chooses vertical integration, they typically have control over some phases of product production and delivery.
  2. Vertical integration can also be defined as the union of businesses engaged in the same line of work but at various stages of production or distribution.
  3. For instance, because it involves many phases in its business, Amazon might be classified as one of the organizations with vertical integration.
  4. In addition to acting as a platform for buyers and sellers, Amazon also has its own distribution network and sells some of its own goods and services.

To learn more about vertical integration, visit:

brainly.com/question/13962641

#SPJ4

5 0
2 years ago
Other questions:
  • You can spend $100 on either a new economics textbook or a new CD player. If you choose to buy the new economics textbook, the o
    6·1 answer
  • Identify how planned investment will change in each scenario. Airwings, a commercial airline manufacturer, becomes optimistic ab
    14·1 answer
  • Isis and Kelsey are forming a partnership. Isis will invest a piece of equipment with a book value of $7,500 and a fair market v
    12·2 answers
  • Which of the following is a critical dilemma when implementing fiscal policy in reference to timing lags?
    7·1 answer
  • Through what process can special interest groups and businesses influence the government?​
    8·1 answer
  • 1. Which Response core capability involves ensuring the capacity for timely communications in support of security, situational a
    6·1 answer
  • Opal deducted $2,560 of state income taxes on her tax return last year. this year she received a state income tax refund of $330
    8·1 answer
  • Bubba is a shrimp fisherman who used $2,000 from his personal savings account to buy a boat and equipment for his shrimp busines
    7·1 answer
  • *WILL GIVE BRAINLY*
    14·1 answer
  • Which phrase best completes the diagram? Macroeconomic Goals for a Society ? Stable prices Economic growth
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!