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A country produces only one good. It produced 5,000 units of the good during Year 1 and 6,000 units of the good in Year 2. The price of each unit of the good in Year 1 was $280 and it was $320 in Year 2. Suppose Year 1 is taken as the base year for the calculation of GDP. Part 1(1 point) Refer to the scenario above. The real GDP of the country in Year 1 was $ Part 2(1 point) Refer to the scenario above. The nominal GDP of the country for Year 2 was $ Part 3(1 point) Refer to the scenario above. Real GDP of the country has grown by %. Part 4(1 point) Refer to the scenario above. The GDP deflator for Year 2 is . (round first decimal place)
conomist Robert Fogel focused on which of the following factors as one determinant of long-run economic growth.
The advantages of cloud computing are demonstrated in the fact that software and hardware upgrades are minimized. Another advantage important to IT professionals and just about anyone that accesses data on computers is ___________.
What are the strength of the neoclassical models of labor supply and labor demand. What are the weakness of the neoclassical models of labor supply and labor demand.
What is comparative trade and absolute; and what are their advantages? For securities trading, what is revenue and protective? What is the distinction between balance of trade and balance of payments? What is the exchange rate? and what is the impact..
The difference between Real GDP and Nominal GDP reflects the degree to which we are achieving the macroeconomic goal of
Each of the 10 firms in a competitive market has a cost function of c=25+q^2. The market demand function is q=120-p. Determine the equilibrium price, quantity per firm and market quantity.
q. consider a market where demand is p10-2q and supply is pq2. there is a consumption positive externality of 2.5unit
Why would your company have bid with a zero mark-up on some past tenders? Why didn’t it win all of those contracts?
The world has gone through several different international financial orders over past 100 years. Explain how each one came into being and why the order eventually ran into difficulties and was suspended by another order.
A project has an initial cost of $140,000 and an estimated salvage value after 16years of$80,000. Estimated average annual receipts are $26,000. Estimated average annual disbursements are $16,000. Assuming that annual receipts and disbursement will b..
q.assume there are 100 identical firms in an initially competitive market. market demand is given by p10-q200 and
Calculate the balance due, principle payment, and interest payment for each period of a new car loan. the nominal interest is 8% per year, compound monthly. Payments are made monthly for 5 years. The original loan is for $27,000.
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