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
B. Serena should focus on a certain amount and track her spending
Answer:
A) less of a public good than would be efficient.
Explanation:
The main characteristic of free markets is that the private participants (suppliers and consumers) decide how to allocate resources. They allocate resources in a way that their utility is maximized: suppliers maximize their profit while consumers maximize satisfaction. The problem with private goods is that they do not maximize profits for the suppliers, therefore, very few or no suppliers are willing to supply them resulting in a shortage.
<u>According to peterson,</u><u> not the railroad </u><u>was the catalyst for the formation of the first truly </u><u>global trade network.</u>
Who started the galleon trade?
- After Augustinian friar and navigator Andrés de Urdaneta evolved the tornaviaje, or go back direction, from the Philippines to Mexico, the Spanish mounted the Manila galleon alternate direction in 1565.
- In that year, Urdaneta and Alonso de Arellano finished the primary a success spherical trip.
What element made the Philippines a middle for shipbuilding?
Indios have been a abundant supply of reasonably-priced exertions that might be abused. -Indians have been professional shipbuilders. -enough deliver of top-notch lumber.
Who constructed the primary deliver withinside the world?
- Among the earliest deliver builders have been the Egyptians. Egyptian vases and graves include the earliest depictions of boats ever discovered.
- These images, which date again at least 6000 years, depict long, slender boats.
- They used paddles to row and have been mainly made from papyrus reeds.
Learn more about galleon trade
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