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
STALIN [3.7K]
3 years ago
11

Suppose an economy produces only cranberries and maple syrup. In 2010, 50 units of cranberries are sold at $20 per unit and 100

units of maple syrup are sold at $8 per unit. In 2009, the base year, the price of cranberries was $10 per unit and the price of maple syrup was $15 per unit. For 2010
a. nominal GDP is $1800, real GDP is $2000, and the GDP deflator is 90.b. nominal GDP is $1800, real GDP is $2000, and the GDP deflator is 111.1.c. nominal GDP is $2000, real GDP is $1800, and the GDP deflator is 90.d. nominal GDP is $2000, real GDP is $1800, and the GDP deflator is 111.1.
Business
2 answers:
enot [183]3 years ago
7 0

Answer:

a. nominal GDP is $1800, real GDP is $2000, and the GDP deflator is 90

Explanation:

Gross domestic product is the sum of all final goods and services produced in an economy within a given period which is usually a year..

Nominal GDP is GDP calculated using current year prices.

Real GDP is GDP calculated using base year prices.

Nominal GDP = (50 × $20) + (100 × $8)

= $1800

Real GDP = (50 × $10) + (100 x $15) = $2000

GDP =( nominal GDP/ real GDP) × 100

($1800/$2000) x 100 = 90

I hope my answer helps you

mestny [16]3 years ago
5 0

Answer:

A. 90

Explanation:

nominal GDP = 50*20 + 100*8 = 1800

real GDP = 50*10 + 100*15 = 2000

GDP deflator = (nominal GDP/ real GDP)*100 = (1800/2000)*100 = 90

You might be interested in
If luke can bake bread at a lower opportunity cost than jason, and jason can produce paintings at a lower opportunity cost than
ankoles [38]

Answer:

The correct answer is option d.

Explanation:

Comparative advantage refers to the situation where an individual, firm or nation can produce a good at a relatively lower cost than its competitors.

Luke can bake bread at a relatively lower opportunity cost while Jason can produce paintings at a relatively lower opportunity cost.

This implies that Luke has a comparative advantage in baking bread and Jason has a comparative advantage in making paintings.

Luke specializes in baking bread and Jason specializes in making paintings.

8 0
3 years ago
​Otto is considering forms of business organization for Pro Tree Service, his landscaping firm. Like most states, Otto's state r
mylen [45]

Answer:

The correct answer is (d)

Explanation:

Otto state like most states in the US demands articles of organisation from the firm and organisations to form a limited liability company. In most of the states, it is compulsory to how an article of organisations which legally binds a company to follow all the rules and regulations. Article of organisation is also known as an article of formation.

7 0
3 years ago
For the united states, one important benefit of foreign trade is
dolphi86 [110]
Share holder in stock market . investment money multi national company
6 0
3 years ago
A city paid $40,000 for police cars with the expectation that they would have a useful life of 4 years. After 3 years, the city
Helga [31]

Answer:

Journal entry

Explanation:

The journal entry is as follows

Cash $5,000

      To other financing source - sale of capital assets $5000

(Being the sale in the general fund is recorded)

For recording this transaction we debited the cash account as it increases the asset account while credited the other financing source - sale of capital assets

4 0
3 years ago
A monopolistically competitive firm willA.have some control over its price because its product is differentiated.B.always produc
aksik [14]

Answer:

A i think not too sure tho.

8 0
3 years ago
Other questions:
  • Reporting relationships between bosses and subordinates is a function that relates to the ________ dimension of a firm's structu
    13·1 answer
  • A firm could continue to operate for years without ever earning a profit as long as it is producing an output where
    13·1 answer
  • a manufacturing plant averaged $740 of raw materials .$320 of work in process inventory and $1010 of finished goods inventory du
    9·1 answer
  • The federal organization charged with monitoring illegal workplace discrimination is called the: select one:
    7·1 answer
  • A new building that costs $1,400,000 has a useful life of 10 years and a scrap value of $100,000. Using straight-line depreciati
    13·1 answer
  • The primary advantage of being a limited partner is:
    15·1 answer
  • The distribution of the amount of a customer’s purchase at a convenience store is approximately normal, with mean $15.50 and sta
    9·1 answer
  • The new Fore and Aft Marina is to be located on the Ohio River near Madison, Indiana. Assume that Fore and Aft decides to build
    15·1 answer
  • Candy or cookies? i want to know
    13·1 answer
  • If NASA were developing a new type of spacecraft and an individual requested the plans through the Freedom of information Act, o
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!