Nominal gross domestic product

Assignment Help Business Economics
Reference no: EM131086114

Suppose 2009 is the base year. From 2009 to 2010, the price index increased from 100 to 102.5. if nominal Gross Domestic Product (GDP) is $2,800 in 2010, then the real Gross Product (GDP) in 2010 is

Reference no: EM131086114

Questions Cloud

Describe key concepts in marketing research problem approach : Describe key concepts to be used in the marketing research problem approach.
Calculate the angle in radians : Write a script that will prompt the user for an angle in degrees. It will then calculate the angle in radians, and then print the result. Note: radians = 180 °.
Give an algorithm to record global state : Consider a distributed system where every node has its physical clock and all physical clocks are perfectly synchronized.
Problem regarding the matrix tensile strength : Compute the longitudinal strength of an aligned carbon fiber-epoxy matrix composite having a 0.25 volume fraction of fibers,assuming the following:
Nominal gross domestic product : Suppose 2009 is the base year. From 2009 to 2010, the price index increased from 100 to 102.5. if nominal Gross Domestic Product (GDP) is $2,800 in 2010, then the real Gross Product (GDP) in 2010 is
Two representative consumers with endowments : Analyze the following economy (two goods,two periods,two representative consumers with endowments).. Xavier has Cobb-Douglas preferences over consumption today (A1 for apples today) and tomorrow (A2) of the form UX=.51 log(A1 ) + .49 log(A2 ). He beg..
Discuss the freedom of speech section : Discuss the freedom of speech section of the First Amendment to the US constitution and its protection and permitted regulation, of the commercial and political speech engaged in by busniness, including justification for such regulations
Determine its density upon heating : When a metal is heated its density decreases. There are two sources that give rise to this diminishment of ρ: (1) the thermal expansion of the solid, and (2) the formation of vacancies. Consider a specimen of gold at room temperature (20?C) that ..
Find the rate of population growth : 1) The population of a town 't' years from 2000 is P(t) = 4500 - 15t + 4t2.  Find the rate of population growth in 2012.

Reviews

Write a Review

Business Economics Questions & Answers

  What is her economic profit

Suppose an assistant professor of economics is earning a salary of $75,000 per year. One day she quits her job, sells $100,000 worth of bonds that had been earning 5 percent per year, and uses the funds to open a bookstore. At the end of the year, sh..

  Average vs marginal cost at current quantity being produced

If a producer (who has no impact on prices) is correctly profit maximizing and making a profit, what must be true about average vs marginal cost at the current quantity being produced?

  The collection of international statistics

Many countries take a major terminology such as ICD and customize it to suit their local needs. Discuss the costs and benefits of this approach from an individual country’s point of view. What could the impact of Localization be on the collection of ..

  Explain why do you think maximising sustainable yield

Explain why do you think maximising sustainable yield is often suggested as the appropriate goal of fishery.

  How would a recession affect your firm

Recessions seem to show up every so often and create economic hardship. One might think that macroeconomic policymakers could tame the business cycle and implement policies that would end recessions.

  Calculate the profit of a firm at the point of equilibrium

The cost functions of a competitive firm are: TC = 40 + 2.5Q2. The marginal cost function is MC = 5Q. There are currently 200 identical firms in the industry. The demand function is P = 16000/Q. Find the market equilibrium price and quantity. Explain..

  Llustrate what are the quantities produced before and after

llustrate what are the quantities produced before and after the tax was imposed.

  Researcher estimated that price elasticity of demand

A researcher estimated that the price elasticity of demand for automobiles in the United States is -1.2, while the income elasticity of demand is 3.0. Next year, U.S. if sales of domestically produced automobiles do expect U.S auto makers to sell nex..

  Articles related to the current level of interest rates

Select two or more news articles related to the current level of interest rates, and analyze the issue using the economic concepts and theory learned in this class. Develop a 4 to 5 page double-spaced paper that advocates a position on whether there ..

  External value is tied or pegged to the currency values

If a country's currency's external value is tied or pegged to the currency values of the country's leading trading partners, this arrangement

  Monopoly is inferior to perfect competition

Why do some economists worry so much about monopoly – in what ways do they believe that monopoly is inferior to perfect competition? What is it that convinces other economists that monopoly actually isn’t all that much of a problem? (Here are some qu..

  Limitation of international trade you encountered

List at least one advantage and one limitation of international trade you encountered in the simulation. Define absolute and comparative advantage in your own words.

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