Answer
The answer and procedures of the exercise are attached in the following archives.
Step-by-step explanation:
You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.
Answer:
d. nominal GDP is $500, real GDP is $400, and the GDP deflator is 125.
Explanation:
Real GDP is total output produced in an economy within a given period multiplied by base year prices
Nominal GDP is the sum of all final goods and services produced in an economy within a given period multiplied by current year prices.
Nominal GDP = (100 × $3) + (50 × $4) =
$500
Real GDP = (100 × 1.5) + (50 × $5) = $400
GDP deflator = (nominal gdp / real gdp) x 100
(500 / 400) × 100 = 125
I hope my answer helps you
Answer:
D
Explanation:
The first 1000 minutes cost per month $50 and if you use 1200, minimum you will be charged with $50. To find the cost of the 200 reamining minutes, you multiply 200 times $0,35, which is the cost of one minute when you exceed 1000 minutes. Then you have:
$50⇒ for 1000 minutes
$70⇒ for 200 minutes
Total
$120⇒ for 1200 minutes
