This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Refer to Table 20-15. Looking at the table above, real average hourly earnings were equal to ... (Read 55 times)

mmm

  • Hero Member
  • *****
  • Posts: 558
on: Jun 29, 2018
Refer to Table 20-15. Looking at the table above, real average hourly earnings were equal to ________ in 2015.
 
  A) 9 B) 9.52 C) 10 D) 12

Question 2

Refer to Table 19-21. Consider the following data for a simple economy: Calculate nominal GDP and real GDP for 2016, using 2014 as the base year. Show your work.
 
  What will be an ideal response?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

sokh

  • Sr. Member
  • ****
  • Posts: 357
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

Nominal GDP for 2016 equals (250  21 ) + (2,300  2 ) + (50  140 ) = 16,850.
Real GDP for 2016 equals (250  20 ) + (2,300  1 ) + (50  200 ) = 17,300.


mmm

  • Hero Member
  • *****
  • Posts: 558
Reply #2 on: Jun 29, 2018
Correct answers!


sokh

  • Sr. Member
  • ****
  • Posts: 357
Reply #3 on: Jun 29, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

Stroke kills people from all ethnic backgrounds, but the people at highest risk for fatal strokes are: black men, black women, Asian men, white men, and white women.

Did you know?

Vaccines prevent between 2.5 and 4 million deaths every year.

Did you know?

Most women experience menopause in their 50s. However, in 1994, an Italian woman gave birth to a baby boy when she was 61 years old.

Did you know?

As the western states of America were settled, pioneers often had to drink rancid water from ponds and other sources. This often resulted in chronic diarrhea, causing many cases of dehydration and death that could have been avoided if clean water had been available.

Did you know?

There are major differences in the metabolism of morphine and the illegal drug heroin. Morphine mostly produces its CNS effects through m-receptors, and at k- and d-receptors. Heroin has a slight affinity for opiate receptors. Most of its actions are due to metabolism to active metabolites (6-acetylmorphine, morphine, and morphine-6-glucuronide).

Average Chemical Composition of the Geosphere Crust Average Chemical Composition of the Geosphere Crust
Torque is a twisting force equal to the distance from the pivot point times the force applied ... Torque is a twisting force equal to the distance from the pivot point times the force applied ...
Stand facing the side of the table and apply cross-handed stretches for the subcutaneous fascia. ... Stand facing the side of the table and apply cross-handed stretches for the subcutaneous fascia. ...
How to determine if a table of values represents a linear or quadratic relationship How to determine if a table of values represents a linear or quadratic relationship
List transformations and Create a table of values for the following log function: List transformations and Create a table of values for the following log function:
Refer to (d) in the figure above. This rectifier arrangement Refer to (d) in the figure above. This rectifier arrangement
Video: Spermatogenesis Animation

For a complete list of videos, visit our video library