Answer: $2240
Explanation:
The money supply simply refers to the total volume of money that is held by the public at a certain point in time. The value of M1 in this country will be calculated thus:
= Federal Reserve Notes in circulation + Coins in circulation + Checkable deposit
= $700 + $40 + $1500
= $2240
Therefore, M1 is $2240
Given that this is a simple economy, the simple GDP therefore will be given as: The sum total of all the products purchased in a given period by the households.
<h3>What is the calculation for Simple GDP?</h3>
The simple GDP of the economy described above is given as:
Product Quantity x Prices ($) = Revenue ($)
Sweaters 50 15 750
CDs 10 10 100
Sugar 200 0.9 180
Soft Drinks 400 0.75 <u>300</u>
Nominal GDP (Total Revenue) <u>1,330</u>
Hence the nominal GDP = $1,330
<h3>
</h3><h3>
What is the GDP Deflator?</h3>
Recall that the price of key items on the list had increased by 50%, hence the deflator is:
The ratio of base year to current year =
805/1,330
= 1,652174
≈ 1.65.
<h3>What is Real GDP?</h3>
Real GDP is given as:
R = N/D
Where R = Real GDP
N = Nominal GDP
D = GDP Deflator
Hence,
R = 1,330/1.65
Real GDP = $806.060606061
≈ $806.06
Learn more about GDP at:
brainly.com/question/1152672
#SPJ1
Answer:
Place Marketing
Explanation:
Based on the scenario being described it can be said that the marketing strategy that is being illustrated is known as Place Marketing. This is a business strategy that focuses on mainly attracting different investors, visitors (tourists) or talent to the company/business. This is term brings in potential customers that increase revenue for the businsess.
Answer:
ugg
Explanation:
serious answer
get a job
not serious answer
eat a raccoon from the trash
Answer:
Maximum expansion in money supply = $5,000
Explanation:
The fractional banking system requires banks to keep a percentage of their total deposit as reserve and lend the rest as loans and advances
The total maximum amount that can be created by the bank is equal TO the amount of deposit multiplied by the creation multiplier.
The multiplier = 1/reserve ratio
Maximum amount = 1,000 × 1/0.2
= $5,000
