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Simora [160]
3 years ago
5

Suppose GDP consists of eggs and ham. In 2002, 100 dozen eggs are sold at $3 per dozen, and 50 pounds of ham are sold at $4 per

pound. If in 2001, the base year, eggs sold at $1.50 per dozen and ham sold at $5 per pound, nominal 2002 GDP is
Business
1 answer:
ValentinkaMS [17]3 years ago
7 0

Answer:

Nominal GDP = $500

Explanation:

Given the price of eggs in 2002 = $3

Quantity of eggs = 100 dozens  

Price of ham in 2002 = $4

Quantity of ham = 50 pounds

Nominal GDP  = Current year price x current year quantity

Nominal GDP = 100 x 3 + 50 x 4

Nominal GDP = 300 + 200

Nominal GDP = $500

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Financial statement data at December 31 for Ecco Company are as follows: Cost of goods sold $552,500 Inventories: Beginning of y
Marrrta [24]

Answer:

The answer is D.

Explanation:

Number of days' sales in inventory is the average number of days that a company will take to sell of its inventory within the year. It tells us the number of days funds are tied up in inventory.

The formula is (average inventory/cost of sales) x 365days.

Average inventory =

($200,000 + $140,000) ÷ 2

$170,000

Therefore, Number of days' sales in inventory is

($170,000/$552,500) x 365days

=112.3 days

7 0
3 years ago
The economy begins in equilibrium at Point E, representing the real interest rate, r1, at which saving, S1, equals desired inves
fiasKO [112]

Answer:

reduction in investment, savings and interest rate

Explanation:

A change in factors other than the interest rate causes a shift in the investment demand curve also known as IS curve. The change in tax law which reduces the demand for investment goods will cause the IS curve to shift left from IS1 to IS2 this will shift the equilibrium from E to E1.  This will reduce the real interest rate from R1 to R2. A decrease in interest rate will also decrease the saving from S1 to S2 and Investment is already reduced from I1 to I2.

Note: Graph file is attached

8 0
4 years ago
What is the answer because I don’t know
yaroslaw [1]

yes

please mark brainliest or you are big 愚かなダムファック雌犬の顔売春婦

4 0
3 years ago
Match the measurement bases with its definition. Definition Measurement Bases A. Amount of cash (or equivalent) that would be re
timama [110]

Answer and Explanation:

The matching is given below:

1. Historical cost: Historical cost is the cost that should be shown in the balance sheet. It is known as the real cost or original cost

hence, the correct option is C

2. Current cost: The current cost is the cost that should be incurred for the acquisition of an asset

Therefore the correct option is A

3. Net realizable value: The net realizable value is the value that could be determined by deducting any direct cost from the sale value also it would be use for pay off the liabilities

Therefore the correct option is D

4. Present value of future cash flows: The present value would be discounted at the particular rate of the market

Therefore the correct option is E.

5. Current market price: The amount of money that would be received when the asset is sold

Hence, the correct option is B.

5 0
3 years ago
The four major competitive structures are Group of answer choices pure competition, heavy competition, moderate competition, and
Leno4ka [110]

Answer:

a b c and d please give me brainliest

7 0
2 years ago
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