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
mario62 [17]
3 years ago
7

1. Assume that nominal GDP for 2012 was $700B with a price index of 110 (using 2004 as the base year). What is the real GDP for

2012?
Remember: To compute the real GDP for any given year use this formula: Real GDP = Nominal GDP/Price Index x 100
2. Assume that nominal GDP for 2013 was $850B with a price index of 140 (using 2004 as the base year). What is the Real GDP for 2013?
Remember the formula: Real GDP = Nominal GDP/Price Index x 100
3. Did real GDP increase or decrease from 2012 to 2013? If it decreased, explain why. If it increased explain why. Compare your answers from question (1) and (2) above and answer question (3).
4. What are some reasons why Real GDP could decrease or increase in this example, and how a similar situation could impact the future economic growth or decline of the U.S. economy?
Business
1 answer:
Papessa [141]3 years ago
6 0
1. The real GDP is calculated using
<span>Real GDP = Nominal GDP/Price Index x 100
= $700 B / 140  x 100
= $500 B

2. Using the same formula
Real GDP = $850 B / 140  x 100
= $607 B

3. The real GDP increased because the price index and nominal GDP increased.

4. Real GDP will decrease when the price index would go down.</span>
You might be interested in
What helps make a poster look attractive, improve readability, and highlight the message the designer wants to convey in the pos
Andre45 [30]

Answer:

B

Explanation:

i think that is it but if I am wrong sorry

6 0
3 years ago
Read 2 more answers
Variable Fixed Output Marginal Total Total Marginal cost
allsm [11]

Answer:

The average total cost of producing 60 units of output is:

b. $21.67

Explanation:

a) Data and Calculations:

Variable   Fixed   Output     Marginal Physical     Total      Total    Marginal

Input         Input                  Product  of Variable    fixed  variable    Cost

                                              input                         cost        cost

0                 1             0                                           $500        $0

1                  1            10               (A)                       $500      $200         (F)

2                 1           25               (B)                       $500        400          (G)

3                 1           45               (C)                       $500        600          (H)

4                 1           60               (D)                       $500        800           (I)

5                 1           70               (E)                       $500       1000           (J)

The total cost of producing 60 units of output = $1,300 ($500 + $800)

Average total cost of producing 60 units of output = $21.67 ($1,300/60)

8 0
3 years ago
An x-ray machine at a dental offi ce is MACRS 5-year property. The x-ray machine costs $6,000 and has an expected useful life of
Brrunno [24]

Answer:

The correct answer is $2,637.31.

Explanation:

According to the scenario, the computation of the given data are as follows:

Cost of machine = $6,000

According to MACRs table depreciation for first 3 years are as follows:

Depreciation for 1st year = 20%, for 2nd year = 32% and for 3rd year = 19.2%

So, Cost of machine after 1st year = $6,000 - 20% × $6,000 = $6,000 - $1,200

= $4,800

Cost of machine after 2nd year = $4,800 - 32% × $4,800 = $4,800 - $1,536

=  $3,264

Now, Cost of machine after 3rd year = $3,264 - 19.2% × $3,264

= $3,264 - $626.688 = $2,637.312

So, the book value at the end of three years = $2,637.31

3 0
3 years ago
Suppose that you open a mutual fund account with a deposit of 500 dollars. 5 months later, the fund balance is 600 dollars, and
faust18 [17]

Answer:

The question is not complete, below is the complete question:

Suppose that you open a mutual fund account with a deposit of 500 dollars. 5 months later, the fund balance is 600 dollars, and you withdraw 216 dollars. A year after the account was opened, your balance is X dollars. If the dollar weighted and time weighted rates of return were the same, what is the rate of return? (Assume simple interest for the dollar weighted calculation.) Answer should be a percent!!!

Answer:

The rate of return is 48% on deposited fund.

Explanation:

The rate of return on investment is the percentage increase on an amount invested for a particular period of time, and to calculate this, we will use the simple interest formula:

I = P × R × T

Where:

P = principal = $500

R = rate in decimal ( %rate/100)

T = time = 5 months = 5/12 years

I = interest = Principal - final balance = 600 - 500 = $100

∴ 100 = 500 × R/100 × 5/12

100 = \frac{2500R}{1200}

120,000 = 2500R

∴ R = 120,000 ÷ 2500 = 48%

Therefore rate of return (R) = 48%

For a clearer understanding of the concept of interests, let us calculate for the balance after one year (X) as shown below:

I = P×R×T

T = 1 because, X is the balance after one year.

I = 500 × 48/100 × 1

I = $240

therefore the final amount after one year = interest + principal

= 240 + 500 = 740

but we were told that $216 was withdrawn at 5 months, hence the balance after one year = 740 - 216 = $524

8 0
3 years ago
Use the drop-down menus to complete the steps for creating a subform.
Maksim231197 [3]

Answer:

Design, Design, Click and Drag, Subform Wizard

Explanation:

Enginuity 2022

7 0
2 years ago
Other questions:
  • Which of the following is not true about the confirmation of accounts receivable?A. Confirmation requests should bear the audito
    10·1 answer
  • 1.What similarities do you see in current-day medicine and medicine in ancient 2.times? What differences do you see in current-d
    12·1 answer
  • (a) A local bookseller is considering expanding store space to increase his capacity for books.
    10·1 answer
  • Which definition is the correct definition of "risk-based financing"?
    5·1 answer
  • Which was not a response taken during the hoover administration in an attempt to turn the economy around?
    10·1 answer
  • Which of the following is an accurate statement regarding international trade? A. Sometimes, one nation has an absolute advantag
    10·1 answer
  • What are three of the common factors that make local economies different?
    11·1 answer
  • To join together against and have nothing to do with a person, business, nation, employer, or anything else in order to coerce o
    15·1 answer
  • Stine Corp.'s trial balance reflected the following account balances at December 31, 2014: Accounts receivable (net) $19,000 Tra
    10·1 answer
  • Consider again the price control described in the last question. Let's assume that the price control
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!