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Akimi4 [234]
3 years ago
14

In Drewland, the money supply equals $1,000 and velocity of money is 3. The government budget is $300, consumers spend $1500, an

d investors spend $500. Nominal GDP equals ________
Business
1 answer:
belka [17]3 years ago
3 0

Answer:

Nominal GDP = $3000

Explanation:

given data

money supply M = $1,000

velocity of money V = 3

government budget = $300

consumers spend = $1500

investors spend = $500

to find out

Nominal GDP

solution

we get here Nominal GDP that is

Nominal GDP = M × V  ....................1

Nominal GDP = $1000  × 3

Nominal GDP = $3000

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_____ makes the greatest use of custodial treatment, incarcerating 672 delinquents in juvenile facilities per 100,000 juveniles
myrzilka [38]

Answer:

South Dakota

______________________________________________________

South Dakota does, in fact make the greatest use of custodial treatment, incarcerating 672 delinquents in juvenile facilities per 100,000 juveniles in the population.

______________________________________________________

Hope this helps!

3 0
4 years ago
When a contractor seeking external projects prepares to submit a proposal, it is really conducting a small project with the prim
irina [24]

Answer: True

Explanation: By conducting a small project as a proposal, a contractor is actually showing in a small scale that he is both capable, is the right man for the job (external project) and is able to ensure the external project is completed with its goals and objectives accomplished. It is these goals that drive the project, and all the planning and implementation . As such, the project has to be compelling and complete.

True gives the answer to the question.

3 0
3 years ago
Read 2 more answers
When a reduction in the price of a good allows a consumer to purchase more of all goods, this effect is called the a. elasticity
kogti [31]

Answer:

The correct answer is b. income effect.

Explanation:

The income effect describes how the change in the price of a good can change the quantity that consumers will demand of that good and related goods, based on how the price change affects their real income.

7 0
4 years ago
Read 2 more answers
Hardware is adding a new product line that will require an investment of $ 1 comma 476 comma 000. Managers estimate that this in
OleMash [197]

Answer:

42,51%

Explanation:

Accounting Rate of Return (ARR) = Average Profits / Average Investment

Calculation of Average Profits

Average Profit = Sum of Profits / Number of Years

                        = (300,000+290,000+240,000×8)/10

                        = $2,510,000 / 8

                        = $313,750

Calculation of Average Investment

Average Investment = Initial Investment + Scrape Value / 2

                                  = $1,476,000/2

                                  = $738,000

Accounting Rate of Return (ARR) = $313,750/$738,000×100

                                                      = 42,51%

5 0
3 years ago
Suppose consumers only hold checkable deposits. The demand for money for transactions by consumers is equal to Y*(0.3 - i), wher
Ksenya-84 [330]

Answer: 17.5%

Explanation:

The equilibrium will occur where the money demanded equals to the money supplied i.e Ms = Md

From the question, the supply of currency by the Central Bank = 40

Money Supply (Ms) = m × B

where m = Money multiplier = 2.5

Note that the money multiplier can also be equal to 1/rr in situations wherebt the consumers do not hold any currency.

rr = reserve ratio, = 0.4

B = monetary base = 40

Note that the monetary base here is 40.

Since reserve ratio = 0.4, therefore

m = 1/0.4 = 2.5

Therefore, Ms = m × B

= 2.5 × 40

= 100

Thus Money supply Ms = 100.

Money demand(Md) = Y(0.3 - i),

Y = income = 800

i = interest rate

Since (Md) = Y(0.3 - i),

Md = 800(0.3 - i)

Equate the equation for the money demand and money supply together.

Ms = Md

100 = 800(0.3 - i)

100 = 240 - 800i

800i = 240 - 100

800i = 140

i = 140/800

i= 0.175

= 17.5%

Therefore, the interest rate is 17.5%

5 0
3 years ago
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