User Account

All Pages

The nominal value of gdp in this economy is

Assignment Help Macroeconomics
Reference no: EM131138533

Use the information in the following table to compute GDP for the current year.

Product                 / Quantity      / Price per Unit
Corn                      / 110             / $0.25
Cornbread             / 220             / $1.00
Cell phones           / 550             / $700.00
Computer games   / 1110           / $ 20.00

In this year, the nominal value of GDP in this economy is ${______}

Reference no: EM131138533

Questions Cloud

What do you feel is significance of robert lack of vision : Look at Alice Walker's "Everyday Use" and explain how the quilts in the story symbolize the family's heritage. How do Dee and Maggie view the significance of the family's heritage, and how is that represented by the quilts in the story?
Prepare month end adjusting entry based on data for october : Prepare month end adjusting entries based on the following data for OCTOBER Record accrued interest on the long term note for 3 days - $13.56
Who benefits and who loses from protectionist policesies : Who benefits and who loses from protectionist policesies? - industries that use trade protected goods and inputs -trade protected industries.
Explain what you like or admire about the work : Listen to one (1) composition (for a symphony) by Haydn or Mozart, either at the Websites below or in this week's Music Folder. Identify the work that you have chosen, and describe the way in which the composition expresses the specific qualities ..
The nominal value of gdp in this economy is : Use the information in the following table to compute GDP for the current year. - the nominal value of GDP in this economy is:
Can there such a thing as a truly reliable narrator : Consider Douglass's speech "What to the Slave is the Fourth of July?" What logic does he use to make his point? His speech contains a lot of emotion, including anger. His anger is certainly justified, but does his anger take away from the effec..
Identify different potential regions to globalize operations : Decide if all operations will be internationalized (or only some of them) and identify which ones. Identify and assess different potential regions and/or countries to globalize operations. Choose two or three that are the most relevant to your operat..
Determine the slope and intercept of the line : Enter the data into a spreadsheet. and construct a standard-additions plot of the data.
What is role of financial markets : What is role of financial markets? - What effect do interest rates have on investment? Savings?  - Which types of securities have lower interest rates?

Reviews

Write a Review

Macroeconomics Questions & Answers

  Government budget has been making at a deficit

The Government budget has been making at a deficit of approximately $60 billion for the last year, up from $50 billion the previous year.

  Explain will the insurance company make a profit

Will the homeowner retrofit also which insurance policy will the homeowner buy. Explain will the insurance company make a profit (on average) given the homeowners choice.

  Computing profit maximizing output level

Assume that the total cost function for a single firm in a purely competitive industry is given by following equation:

  Model of perfect competition

1. Which of the following industries comes closest to the model of perfect competition?

  Assume that the fed reserve adopts an inflation targe

Assume that the Fed Reserve adopts an inflation targe of 3% for its monetary policy.

  Forecast the effect of the slowdown in population growth

Many demographers predict that the United States will have zero population growth in the twenty-first century, in contrast to average population growth of about 1 percent per year in the twentieth century.

  Describe how antipoverty programs can discourage the poor

Describe how antipoverty programs can discourage the poor from working. How might you reduce this disincentive? What re the disadvantages with your proposed policy?

  Multiple choice - macro economics

A change in reserve needs of depository institutions is the policy tool most frequently used through the Federal Reserve to influence economic activity

  How asymmetric information about a hidden action can lead

a. Explain how asymmetric information about a hidden action or a hidden characteristic can lead to moral hazard or adverse selection. b. Discuss a few tactics that managers can use to overcome these problems.

  Long-run behavior of the nominal exchange rate

Suppose that a monetary model describes the long-run behavior of the nominal exchange rate well, but fails to describe the short-run behavior; specifically, in the short run large deviations from purchasing power parity are observed due to nominal..

  Explain and calculate the current account balance

Explain and calculate the current account balance and explain and calculate the capital account balance and did U.S. official reserves increase or decrease? Explain

  Assume there are two types of investments

Assume there are two types of investments, business investments. There is a permanent increase in the nominal supply of money.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd