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kozerog [31]
2 years ago
8

An economy produces 10 cookies in year 1 at a price of $2 per cookie and 12 cookies in year 2 at a price of $3 per cookie. From

year 1 to year 2, real GDP increases by
Business
1 answer:
Vaselesa [24]2 years ago
5 0

From year 1 to year 2,  the real GDP of the economy increases by 20%.

<h3>What is real GDP?</h3>

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.

Real GDP is GDP calculated using base year prices. Real GDP has been adjusted for inflation. It reflects the value of goods and services produced in an economy.

<h3>What is the increase in real GDP?</h3>

GDP in year 1 = 10 x $2 = 20

Real GDP in year 2 using year 1 prices as base price = 12 x $2 = $24

Increase in real GDP = (24 / 20) - 1 = 20%

To learn more about GDP, please check: brainly.com/question/15225458

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The customer's desire for a durable wallet and the company's choice of material for the wallet

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Answer:

The correct answer is no immediate effect..

Explanation:

The impact of the minimum price on the functioning of the market will depend on whether said price is below or above the equilibrium price (the price at which the market would freely tend if there were no public intervention).

If the minimum price is below the equilibrium price it has no impact since the market will naturally be above said minimum price.

On the other hand, if the minimum price is higher than the equilibrium price, this ceiling will prevent the market from reaching its equilibrium point. The price will be at said minimum level where the quantity supplied will be greater than the quantity demanded, which will cause an excess supply that will remain unsold.

If the maximum price is above the equilibrium price it will not have any impact since the market will naturally tend to be below this maximum limit.

If, on the contrary, the maximum price is lower than the equilibrium price, then this limit will prevent the market from reaching equilibrium. The price will be at the maximum limit where the quantity supplied will be less than the quantity demanded. This will cause excess demand, so part of it will remain unmet.

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3 years ago
Which activity is a good practice when selling online media?
nikdorinn [45]

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For Plato the answer is D: Avoid quoting too high a price.

Explanation:

I got it right

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Which luxury brand shares its name with the french explorer who is credited with naming canada?
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The luxury brand that shares its name with the french explorer who is credited with naming canada is Cartier.

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