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
hammer [34]
3 years ago
15

In 2010, real GDP was $13.2 trillion and nominal GDP was $14.6 trillion. What was the GDP deflator for that year?a. 9.6% lower b

. 9.6% higher c. 10.6% lower . d. 10.6% higher
Business
1 answer:
serg [7]3 years ago
5 0

Answer:

d. 10.6% higher

Explanation:

Given that;

Real GDP = $13.2 trillion

Nominal GDP = $14.6 trillion

GDP deflator = (Nominal GDP/Real GDP)× 100)

Hence,

GDP deflator = (14.6 / 13.2 ) × 100

GDP deflator = 110.6%

Thus,

= 110.6 - 100

= 10.6% higher

You might be interested in
Ken Young and Kim Sherwood organized Reader Direct as a corporation; each contributed $55,000 cash to start the business and rec
Talja [164]

Answer:

The ending retained earning would be $2,400

Explanation:

For computing the ending retained earnings balance, we have to use the formula which is shown below:

Even in the question, the formula is given so we use it

Ending retained earnings = Beginning retained earnings + net income - dividend

Ending retained earnings = 0 + $6,000 - $3,600

In the question, the beginning retained earnings balance is not given so we assume zero balance

So, the ending retained earnings would be $2,400

7 0
3 years ago
Marvin Gaye's song "Gotta Give It Up" was protected by ___________ .
monitta

Answer:

d. not selected option d copyright

6 0
3 years ago
Read 2 more answers
________ for forecasting relies on the assumption that underlying relationships in the past will continue into the future, resul
Nitella [24]

Answer: The answer is Trend extrapolation

Explanation:

7 0
2 years ago
What money management skills?
VLD [36.1K]

Answer:

Money management skills are the abilities to control your spending and money and be able to prepare for the future.

Explanation:

by preparing for the future, I mean saving up your money while still using enough so you have food and clothes and other necessities. and by being able to control it, I mean not spending your money on useless things like a box chicken or fancy luxurious scissors.

5 0
2 years ago
List three things that you would list on both your resume and your job application.
RSB [31]

Answer:

Name and Contact info

relevant skills

professional history

Explanation:

7 0
3 years ago
Other questions:
  • How was Samsung able to go from a copycat brand to an innovation leader?
    6·1 answer
  • Which of the following is a type of intellectual property?
    9·1 answer
  • During its first year of operations, Eastern Data Links Corporation entered into the following transactions relating to sharehol
    9·1 answer
  • Nubela Manufacturing is considering two alternative investment proposals with the following​ data: Proposal X Proposal Y Investm
    13·1 answer
  • Issued common stock to investors for $14,083 cash (example).
    14·1 answer
  • If Wesley Corporation has 80,000 shares of common stock authorized. 50,000 shares of common stock issued, and holds 12,000 share
    10·1 answer
  • Jackie has one risk-free asset and one risky stock in her portfolio. The risk-free has an expected return of 3.2 percent. The ri
    5·1 answer
  • What is the main duty of the Federal Reserve?
    14·1 answer
  • Choose the correct definition of purchasing power parity.
    7·1 answer
  • Which type of system would you find citizens paying higher taxes in order to have the Government provide some benefits for socie
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!