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 105 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?

In Eastern Europe and Russia, interferon is administered intranasally in varied doses for the common cold and influenza. It is claimed that this treatment can lower the risk of infection by as much as 60–70%.

Did you know?

If all the neurons in the human body were lined up, they would stretch more than 600 miles.

Did you know?

The strongest synthetic topical retinoid drug available, tazarotene, is used to treat sun-damaged skin, acne, and psoriasis.

Did you know?

To prove that stomach ulcers were caused by bacteria and not by stress, a researcher consumed an entire laboratory beaker full of bacterial culture. After this, he did indeed develop stomach ulcers, and won the Nobel Prize for his discovery.

Did you know?

Every flu season is different, and even healthy people can get extremely sick from the flu, as well as spread it to others. The flu season can begin as early as October and last as late as May. Every person over six months of age should get an annual flu vaccine. The vaccine cannot cause you to get influenza, but in some seasons, may not be completely able to prevent you from acquiring influenza due to changes in causative viruses. The viruses in the flu shot are killed—there is no way they can give you the flu. Minor side effects include soreness, redness, or swelling where the shot was given. It is possible to develop a slight fever, and body aches, but these are simply signs that the body is responding to the vaccine and making itself ready to fight off the influenza virus should you come in contact with it.

Changes in boreal forest composition along a chronosequence in Quebec. Dates refer to the year of th Changes in boreal forest composition along a chronosequence in Quebec. Dates refer to the year of th
Change in Emotional States During Adolescence Average emotional state becomes teadilyi more negativ Change in Emotional States During Adolescence Average emotional state becomes teadilyi more negativ
Body mass index table. Body mass index table.
Periodic Table of the Elements Periodic Table of the Elements
How to graph line equations without a table of values How to graph line equations without a table of values
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. ...
Video: Major Elements in Biological Molecules: Proteins

For a complete list of videos, visit our video library