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
Select the answer that best describes why the return on investment (ROI) for higher education is high even thought the cost of c
LekaFEV [45]
The correct answer for this question is this one: "B. You have the potential to earn less money in the future when you continue your education past college."

The return on investment (ROI) for higher education is high even thought the cost of college is increasing. So, <em>you have the potential to earn less money in the future when you continue your education past college.</em>
Hope this helps answer your question and have a nice day ahead.
5 0
3 years ago
Price controls can cause _____.
aliina [53]
Anger from citizens??? 
8 0
3 years ago
Read 2 more answers
________ is the process of planning, organizing, directing, and controlling an organization's financial, physical, human, and in
Pie

<u>Answer:</u> C. Management

<u>Explanation:</u>

In order to achieve the goals and objectives of the organization the management has to follow the process of planning, directing, and controlling an organization's financial, physical, human, and information resources. Planning is the way of organizing things to achieve desired goals. Guidance and motivation of the employees is essential for meeting goals

Monitoring and evaluating the tasks is necessary action by the management to control the activities of the firm and direct them in the right path.

6 0
3 years ago
One of the major influences on building partnering relationships in personal selling is​ _______, composed of personal standards
zalisa [80]

Answer: The correct answer is "Character".

Explanation: The character is the set of traits, qualities or circumstances that indicate the nature of a thing or the way of thinking and acting of a person, and by which it is distinguished from others.

So, one of the major influences on building partnering relationships in personal selling is​ <u>character,</u> composed of personal standards resulting in decisions made about​ what's right and wrong.

7 0
3 years ago
There will be a higher equilibrium price and lower quantity if _____.
Naddik [55]

Answer:

Supply increase and demand decreases

8 0
3 years ago
Other questions:
  • Production Budget Healthy Measures Inc. produces a Bath and Gym version of its popular electronic scale. The anticipated unit sa
    9·1 answer
  • An investor has a $5,000 pretax return, The state tax rate is 4.5%, and the federal tax rate is 22.0%, what is the real investme
    5·1 answer
  • Suppose the amounts presented here are basic financial information (in millions) from the 2019 annual reports of Nike and Adidas
    9·1 answer
  • United Plastics Group of Houston, Texas, decided to invest in a foreign country by setting up two independent injection-molding
    11·1 answer
  • The slope of a demand curve is not used to measure the price elasticity of demand because
    11·1 answer
  • When inventory declines in value below original (historical) cost, and this decline is considered other than temporary, what is
    7·1 answer
  • Concord Sports sells volleyball kits that it purchases from a sports equipment distributor. The following static budget based on
    14·1 answer
  • You send out 20,000 emails. Of those, 6% are opened. Of those, 9% click on a link to register for something. Of those who clicke
    8·1 answer
  • Data collected in a survey:
    7·2 answers
  • understanding customers better has helped amazon and others become more successful. the understanding comes primarily from:
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!