What is the real gdp in 2009

Assignment Help Macroeconomics
Reference no: EM131139165

Consider the following simple economy the produces only three goods:
2000(base Year) / 2009

Product:------Quantity-----Price-----Quantity-----Price
Denim pants-  80               $40         100             $50
Wine-            90               11           80              10
Textbooks-     15               90           20              100

Real GDP in 2009 equals[_______].

Reference no: EM131139165

Questions Cloud

How should ticket prices be set to maximize revenue : A baseball team plays in a stadium that holds 51,000 spectators. With tickets process at $10, the average attendance has been 49,000. How should ticket prices be set to maximize revenue
Provide two adjusting entry examples : Why is an adjusting entry important? What accounts are adjusted and what accounts are not adjusted? Why? Provide two adjusting entry examples. What do you find difficult about adjusting entries? What is difficult to understand?
Derive the consumption growth rate in the optimal growth : Verify that Theorem 7.14 from Chapter 7 can be applied to the social planner's problem in Section 13.1.
Discuss the impact of adopting ifrs reporting on accounting : From the e-Activity, discuss the impact of adopting IFRS reporting on equity-based accounting for financial reporting and tax payments. Then, recommend a strategy for companies adopting IFRS to minimize the impact of the accounting treatment.
What is the real gdp in 2009 : Consider the following simple economy the produces only three goods - 2000(base Year) / 2009 - what is the Real GDP in 2009.
Analyze the debt-to-equity ratio of harley-davidson : Analyze the debt-to-equity ratio of Harley-Davidson for 2008 and 2009, and discuss the impact these ratios had on the market value of the company.
The general ethical principles of psychologists : Prepare a 3- to 5-page paper, specifically identifying any potential ethical pitfalls in client motivation that practicing psychologists should take care to avoid. You may limit your discussion to a single career area in psychology if you wish or ..
Define the equilibrium in bgp allocations : Show that there are no transitional dynamics, so that starting with any N(0) > 0, the economy grows at a constant rate.
Describe the pros and cons of each data set : Identify four sources of crime data. Identify the data collection methods as well as the agencies in charge of the data. Describe the types of data collected (for example, crimes committed, offender data, and victim data).

Reviews

Write a Review

Macroeconomics Questions & Answers

  The rate at which potential output will grow

If capital’s share of income is 25% and labor’s share of income is 75%, the stocks of both capital and labor increase by 50% or there is no technology growth.at what rate will potential output grow.

  Compute the abnormal return of stock marketplace portfolio

Compute the abnormal return of Stock Z if the market price is $13.68, the risk-free rate is 4 percent, the return on the marketplace portfolio is 10 percent.

  The effect of a decrease in the growth rate of the money

The Effect of a Decrease in the Growth Rate of the Money Supply

  Illustrate fiscal policies also monetary policies

Illustrate fiscal policies also monetary policies which would be appropriate at this time.

  When bill clinton took office in january 1993 he faced two

when bill clinton took office in january 1993 he faced two major economic problems a large federal budget deficit and

  In using the taylor rule

In using the Taylor Rule as a guideline for monetary policy, what are the pros and cons of using forecasted values of inflation and output rather than observed values of these variables?

  Various levels of output for employment

Suppose capital is steady, with three machines and MPPK/MRCK = 30, determine the least cost input combo of labor and capital? How much output is produced?

  Find a job because the skills have become obsolete

A man is fired from his job because he was late for work too many times; While he is searching for another job, he would not be counted in the labor force because his employer had a legitimate reason for firing him.

  What is the major problem in achieving an efficient use

What is the major problem in achieving an efficient use of the world's water If there were a global market in water, like there is in oil, how do you think the market would work Would a free world market in water achieve an efficient use of the ..

  What the game theory looks like without the law

A law was passed requiring a minimum weight for fashion models. Using game theory 2X2 matrix, show how the law prevents a prisoner's dilemma and makes the models better off. Show what the game theory looks like without this law.

  Is price elasticity of gasoline elastic over a short period

Explain the relationship between the price elasticity of demand and total revenue. 2. Is the price elasticity of gasoline more elastic over a shorter or a longer period of time? Explain. 3. Determine whether each of the following is an explicit c..

  Explain why regulation q caused difficulties for banks and

Explain why Regulation Q caused difficulties for banks and other depository institutions, especially during periods of rising interest rates.

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