Business, 08.10.2020 02:01 shelbyp2003

Sizing Up the Economy Using GDP — Work It Out The table displays price and quantity information for two vehicle models produced by Ford Motor Company, the F-series trucks and Escape SUVs.

2016 2017
Price Quantity Price Quantity
Escape SUVs $24,485 307,069 $24,645 308,296
F-series trucks $44,400 820,799 $47,800 896,764

Round all numerical answers to two decimal places.

a. Calculate the amount contributed by Ford to U. S. real and nominal GDP from the sales of the two models in 2016 and 2017.
Nominal GDP 2016:

billion
Nominal GDP 2017:

billion
Real GDP 2016:

billion
Real GDP 2017:

billion
b. Determine the growth rate of nominal GDP (if Ford were the entire economy).
Growth rate of nominal GDP:

%
c. Determine the growth rate of real GDP (if Ford were the entire economy).
Growth rate of real GDP:
%
d. Use the shortcut you learned to convert between real and nominal GDP growth rates to determine the growth rate of prices.
Growth rate of prices:
%
e. The increase in nominal GDP in part a is due to a change in

both quantity and prices.

quantity.

prices.

Answers: 3

Show answers

Another question on Business

Business, 22.06.2019 01:00

Bond x is noncallable and has 20 years to maturity, a 7% annual coupon, and a $1,000 par value. your required return on bond x is 10%; if you buy it, you plan to hold it for 5 years. you (and the market) have expectations that in 5 years, the yield to maturity on a 15-year bond with similar risk will be 9.5%. how much should you be willing to pay for bond x today? (hint: you will need to know how much the bond will be worth at the end of 5 years.) do not round intermediate calculations. round your answer to the nearest cent.

Answers: 3

Answer

Business, 22.06.2019 03:00

Match each item to check for while reconciling a bank account with the document to which it relates. (there's not just one answer) 1. balancing account statement 2. balancing check register a. nsf fees b. deposits in transit c. interest earned d. bank errors

Answers: 3

Answer

Business, 22.06.2019 11:00

The following transactions occurred during july: received $1,000 cash for services provided to a customer during july. received $4,000 cash investment from bob johnson, the owner of the business received $850 from a customer in partial payment of his account receivable which arose from sales in june. provided services to a customer on credit, $475. borrowed $7,000 from the bank by signing a promissory note. received $1,350 cash from a customer for services to be rendered next year. what was the amount of revenue for july?

Answers: 1

Answer

Business, 22.06.2019 13:10

bradford, inc., expects to sell 9,000 ceramic vases for $21 each. direct materials costs are $3, direct manufacturing labor is $12, and manufacturing overhead is $3 per vase. the following inventory levels apply to 2019: beginning inventory ending inventory direct materials 3,000 units 3,000 units work-in-process inventory 0 units 0 units finished goods inventory 300 units 500 units what are the 2019 budgeted production costs for direct materials, direct manufacturing labor, and manufacturing overhead, respectively?

Answers: 2

Answer

You know the right answer?

Sizing Up the Economy Using GDP — Work It Out The table displays price and quantity information for...

Questions