What is the nominal gdp for the xyz economy

Assignment Help Business Economics
Reference no: EM133132927

The following information was gathered for the XYZ economy: velocity of money= 3.9 times; average price level = $80; and real output = 6, 719 units. What is the nominal GDP for the XYZ economy?

Reference no: EM133132927

Questions Cloud

Standard precautions and infection control methods : Discuss Standard Precautions and infection control methods for the protection of both the patient and the examiner.
What impact will that have on the ability to retire the debt : The United States has over $30 Trillion in debt of which over $20 Trillion trades. What impact will that have on the ability to retire the debt
Difference between renewable energy and fossil fuel : Give me a brief outline of renewable energy with citations. Also the difference between renewable energy and fossil fluel and the argument of multinationals exp
Single administrative document : In the 80ies, the leaders of the EU realized that there were many barriers preventing the completion of the internal market. Before the introduction of the SAD
What is the nominal gdp for the xyz economy : The following information was gathered for the XYZ economy: velocity of money= 3.9 times; average price level = $80; and real output = 6, 719 units.
Comparative average costs per pizza : There are 2 rival pizza stores called A and B producing Q1 and Q2 units of pizzas. Total cost for both of them is 3000$. If Q1>Q2 what can be said about the com
Determine the labor market outcomes : Market forces, Institutional forcse, Sociological forces are the three broad forces that together determine the labor market outcomes (wages and the number of j
What factors should appropriately be considered : Sonny Manufacturing Ltd sought a $2 million loan from Bank of Australia. What factors should appropriately be considered
Explain the role and importance of accounting : Explain the role and importance of accounting with respect to decision-making within an organisation

Reviews

Write a Review

Business Economics Questions & Answers

  Economics assignment

This document contains various important questions and their appropriate answers in the subject field of Economics.

  Demand and supply curves

Economics is the study of the principles governing the allocation of scarce means among competing ends when the objective of the allocation is to maximize the attainment of the ends.

  Long-run perfectly competitive equilibrium for the firm

Evaluate Government intervene and correct this situation?(a) Explain the concept of a concentration ratio. A rise in the price of magarine Explain the impact of external costs and external benefits on resource allocation long-run perfectly c..

  Supply and demand diagrams

Explain each of the following using supply and demand diagrams,  With the use of a graph, explain how these two programs affect cigarette consumption and the price of cigarettes.

  Case study: fisher-price toys

The case study of the Fisher-Price Toys, Inc., a popular case in basic economics and management from the prestigious Harvard Business School.

  Draw the production possibility curve

Draw the production possibility curve and a. Define consumer surplus and producer surplus.

  Tax revenue

The Australian government administers two programs that affect the market for cigarettes

  Maximize total welfare

How many tickets to sell to maximize total welfare.

  Difference between the cv and the ev

The change in consumer surplus (?CS) is not "theoretically" justifiable like the CV and EV but it continues to be the most widely used measure of consumer welfare change. Explain how this can be reconciled

  Depict von neumann-morgenstern utility index u in a diagram

Depict the von Neumann-Morgenstern utility index u in a diagram

  What is the market solution

What is the market solution (market price and quantity) and What is the total surplus of the society under the market solution

  Calculate gross national product and net national product

Calculate gross national product and net national product

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!

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