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
Vaselesa [24]
2 years ago
11

Because there isn't one single measure of inflation, the government and researchers use a variety of methods to get the most bal

anced picture of how prices fluctuate in the economy. Two of the most commonly used price indexes are the consumer price index (CPI) and the GDP deflator.
The GDP price index for this year is calculated by dividing the ______________using___________ by the ________ using _____________and multiplying by 100.
Business
1 answer:
bixtya [17]2 years ago
6 0

Answer:

a (B) Value of all goods and services produced in the economy this year

this year's prices

Value of all goods and services produced in the economy in the base year

by the base year's prices

Explanation:

Here is the complete question

The GDP price index for this year is calculated by dividing the (A) Value of all goods and services produced in the economy in the base year (B) Value of all goods and services produced in the economy this year (C) cost of a given market basket of goods and services using 2) ______ (A) the base year's prices (B) this year's prices by the 3) ________ A) Value of all goods and services produced in the economy in the base year (B) Value of all goods and services produced in the economy this year (C) cost of a given market basket of goods and services using 4) ______ (A) the base year's prices (B) this year's prices

Gross domestic product is the total sum of final goods and services produced in an economy within a given period which is usually a year

GDP price index = (nominal GDP / Real GDP ) X 100

Nominal GDP is GDP calculated using current year prices while Real GDP is GDP calculated using base year prices. Real GDP has been adjusted for inflation.

Nominal GDP is GDP calculated using current year prices while Real GDP is GDP calculated using base year prices. Real GDP has been adjusted for inflation.

For example, country A produces 10 kg of rice at $10 per kg in 2019 and 50kg of beans at $30 per kg in 2018. In 2019, it produces 10 kg of rice at $20 per kg in 2019 and 50kg of beans at $40 per kg in 2019. 2018 is the base year.

Nominal GDP in 2018 = (10 x $10) + (50 x $30) = $1600

Nominal GDP in 2019 = (10 x $20) + (50 x $40) = $2200

Real GDP in 2018 = (10 x $10) + (50 x $30) = $1600

Real GDP in 2019 = (10 x $10) + (50 x $30) = $1600

GDP price index in 2019 =  nominal gdp in 2019 / real gdp in 2019 ) x 100

(2200 / 1600 ) x 100 = 137.5

You might be interested in
Intelligent agents are also known as _____.
9966 [12]
<span>Intelligent agents are also known as Robots (or bots)

An intelligent software agent embodied mechanisms that are similar with humann
The only difference is all of their decision could be controlled by a single device that planted within their main microchips.</span>
4 0
3 years ago
Which one of the following is a primary market transaction?
aleksandr82 [10.1K]

Answer:

B. a dealer buying newly-issued shares of stock from a corporation

Explanation:

Primary market transactions are IPOs or any other issuance of securities, e.g. bonds. A security is traded only once in a primary market, since after the security is issued for the first time, any other transection will be made on the secondary market. There is no physical difference between a primary or secondary market, e.g. the NYSE makes both primary and secondary transactions.

6 0
3 years ago
______________ refers to employers that take reasonable action to accommodate a disabled individual such as providing special co
tresset_1 [31]

The answer is the ADA or also known as the Americans with Disabilities Act of 1990, where in their main focus is the people who are disabled in means of having them to be provided with benefits in order to accommodate their physical limitation as a way of helping them.

5 0
3 years ago
Paul Company completed the salary and wage payroll for March 2011. The Payroll provided the following details:
Anastaziya [24]

Answer:

1.       <em>Journal Entry</em>

Date       Account Titles and Explanation           Debit           Credit

March    Salary and Wage Expenses                  $200,000

2011       Liability for income tax withheld -                                $40,000

              Employee              

              Liability for insurance premium                                   $1,000

              withheld - employee      

              FICA taxes payable - Employees                                 $15,000

              Cash                                                                              $144,000

              (Payroll for February including employee deductions)

2.       <em>Journal Entry</em>

Date       Account Titles and Explanation           Debit          Credit

March     Payroll tax expenses                             $15,000

2011         FICA taxes payable - Employer                               $15,000

              (Employer Payroll taxes on February payroll)

3.       <em>Journal Entry</em>

Date       Account Titles and Explanation           Debit             Credit

March    Liability for income tax withheld            $40,000

2011       - Employee              

             Liability for insurance premium               $1,000

             withheld - employee      

              FICA taxes payable - Employees            $15,000

              FICA taxes payable - Employers             $15,000

              Cash                                                                               $71,000

       (Remittance of payroll taxes and deduction for February payroll)

4 0
3 years ago
What are the starting and stopping points of the development of the self during the life course?
Marina CMI [18]

Answer:

Starting Points of the development of the Self.

* When we feel an urge, motivation and desire that we should learn something extraordinary to improve our self.

* When we feel we are lacking something, it could be regarding learning new technology, learning new sports or anything which we feel we are not good at.

* When we see others then instead a jealousy feeling, we find them as a good and better human being than us, then we start idealizing them and followed by learning the same set of skills which we think they possess.

Starting Points of the development of the Self.

* When we start thinking that we know each and everything, that's the point when we stop learning for new skills ans about new things, and ultimately our progress stops there.

* While seeing others, when we feel jealously kind of feelings for them, then instead of admiring their potential we start leg-pulling and other negative techniques, which means we have stopped our own development of the self.

* Instead of taking interests in new skills, knowledge and technology, we start feeling better with the one which we have, not only this, but we also feel that the tings which we possess are the best-est of all, then we stop progressing.

5 0
3 years ago
Other questions:
  • Accounting is an information and measurement system that: I.Communicates business activitiesII.Identifies business activitiesIII
    13·1 answer
  • A car dealership performs a credit check on a potential customer. according to the credit bureau, the customer's credit score is
    8·1 answer
  • Activity Cost Activity Allocation Base Allocation Rate
    6·1 answer
  • Sophia Martin's goal has been to travel around the world. She has now been traveling for six months and she has decided she is a
    8·1 answer
  • Lee starts entering data into the table. He types in the mass of Mercury. Next, he wants to type in the diameter of Mercury.
    14·2 answers
  • When Frozen DeLites Ice Cream moved from its longtime storefront to a famous resort area, it took a big risk. However, the owner
    10·1 answer
  • What type of advertising schedule is best suited for products and services that are consumed regularly at relatively steady rate
    15·1 answer
  • A customer asks you a question, but you do not know the answer. You feel that they expect you to know the answer. What would you
    7·1 answer
  • As a manager, what type of skill would you need to use if you had to decide if falling sales were a result of a faulty product o
    5·1 answer
  • the financial meltdown of 2008 was in part due to , demonstrating the dangers of relying too heavily on the quantitative techniq
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!