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 81 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?

Cyanide works by making the human body unable to use oxygen.

Did you know?

On average, someone in the United States has a stroke about every 40 seconds. This is about 795,000 people per year.

Did you know?

Adults are resistant to the bacterium that causes Botulism. These bacteria thrive in honey – therefore, honey should never be given to infants since their immune systems are not yet resistant.

Did you know?

Certain rare plants containing cyanide include apricot pits and a type of potato called cassava. Fortunately, only chronic or massive ingestion of any of these plants can lead to serious poisoning.

Did you know?

Street names for barbiturates include reds, red devils, yellow jackets, blue heavens, Christmas trees, and rainbows. They are commonly referred to as downers.

Assisting the patient to transfer from the bed or examining table to a wheelchair. Assisting the patient to transfer from the bed or examining table to a wheelchair.
Wash all surfaces in a massage room daily, including the massage table. Wash all surfaces in a massage room daily, including the massage table.
Standing at the head of the table, apply oil or lotion to chest area. Spread lubricant fanning out ... Standing at the head of the table, apply oil or lotion to chest area. Spread lubricant fanning out ...
How to setup and solve a half-life problem using a table of values (Question 1) How to setup and solve a half-life problem using a table of values (Question 1)
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
Table - Correlation Analysis Table - Correlation Analysis
Video: Energy sources - types

For a complete list of videos, visit our video library