Now calculate Year 2 real GDP using Year 1 as the base year: Real GDP = Base Year Prices x Year 2 (Current Year) Quantities Year 2 Real GDP Price Quantity GDP Oil changes $15 6 10. $90 Hamburgers $2 25 $50 MP3 players $150 5 11. $750 Total 12. $ 890 Assume that a country has a closed economy that has only three goods/services. That is, there is no trade with other countries, so the economy has consumption, investment, and government spending, but no net exports. In a given year, the economy produces thirty haircuts that cost $10 each; two factory machines that cost $100 each; one highway repair that costs $500 13. What is total GDP for this economy? 14. What percent of GDP is consumption? 15. What percent of GDP is investment? 16. What percent of GDP is government spending? Exclusions of GDP and an Example
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Business, 22.06.2019 12:40
Alarge tank is filled to capacity with 500 gallons of pure water. brine containing 2 pounds of salt per gallon is pumped into the tank at a rate of 5 gal/min. the well-mixed solution is pumped out at the same rate. find the number a(t) of pounds of salt in the tank at time t.
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Business, 22.06.2019 22:50
Awork system has five stations that have process times of 5, 9, 4, 9, and 8. what is the throughput time of the system? a. 7b. 4c. 18d. 35e. 9
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Business, 23.06.2019 19:20
Which represents the solution set of 5(x+5) < 857o x< 12o x> 12x< 16x> 16
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Business, 23.06.2019 21:00
The word "restaurant" makes people think of a building where you go to eat. like all words, "restaurant" is an example of a
Answers: 2
Now calculate Year 2 real GDP using Year 1 as the base year: Real GDP = Base Year Prices x Year 2 (C...
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