Business, 06.05.2021 14:00 xlitteral

2. Based on the table below: (3 points) Year

2015

2016

2017

Price of bread

1$

1.5$

3$

Quantity of bread

1000

1500

1800

Price of corn

10$

12$ 8$

Quantity of corn

200

400

500

a) Compute nominal GDP, real GDP, and the GDP deflator for each year, using 2015 as the base

year.

Basics of Business and Economics

Quiz N3

b) Compute the percentage change in nominal GDP, real GDP, and the GDP deflator in 2017

from the preceding year. c) Did economic well-being rise in 2017 compared to previous year? Explain.

Answers: 1

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Answer from: Quest

explanation:

Answer from: Quest

To be honest, here's what i think. i think the answer is (and i'm not exactly sure), that it is, both personal and household income.

Answer from: Quest

of the three mortgage options that demarco and tanya have to choose from, the balloon payment mortgage would be their best option, over adjustable payment and fixed payment plans.ultimately, the balloon payment plan would save demarco and tanya overall, in interest, would cost less monthly, and they would only have to make these payments for 8 years, opposing to 30 years for adjustable or fixed payment plans.

overall, demarco and tanya would save $80,811 if they chose balloon payments over fixed payments, and would save $116,711 if they choose balloon payments over adjustable payments. benefits with choosing fixed payments over adjustable payments is that, in the end, the payments will still be $836.30 a month, while with adjustable payments, the initial monthly payments will be $763.38 to $1082.70 a month, ultimately leading to a more costly purchase. benefits with choosing fixed payments over balloon payments are not present. benefits in choosing adjustable payments over is that it has a lower interest rate, and starts with lower monthly payments initially. benefits in choosing adjustable payments over balloon payments include a lower interest rate, and lower initial monthly payments. benefits in choosing balloon payments over fixed payments include lower interest rates, lower overall price, lower monthly payments, takes less time to pay off, and does not require a downpayment. benefits in choosing balloon payments over adjustable payments include, lower monthly payments (when averaged), takes less time to pay off, and lower overall price.

hence, option c, balloon payments, is the best option for demarco and tanya to make this purchase, for it will save them a minimum of $80811, and a maximum of $116,711.

Answer from: Quest

Answerwhen shareholders of companies in an oligopolistic industry give over decision making to a board of trustees;

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2. Based on the table below: (3 points) Year

2015

2016

2017
...

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