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

Author Question: Table 8-18 A very simple economy produces three goods: cameras, legal services, and books. The ... (Read 46 times)

Hungry!

  • Hero Member
  • *****
  • Posts: 1,071
on: Mar 16, 2019

Question 1

Table 8-18








A very simple economy produces three goods: cameras, legal services, and books. The quantities produced and their corresponding prices for 2011 and 2016 are shown in the table above. 






Refer to Table 8-18. What is real GDP in 2016, using 2016 as the base year?


◦ $28,885
◦ $11,790
◦ $11,200
◦ $10,275

Question 2

Table 8-18








A very simple economy produces three goods: cameras, legal services, and books. The quantities produced and their corresponding prices for 2011 and 2016 are shown in the table above. 






Refer to Table 8-18.  What is nominal GDP in 2016 when 2011 is the base year?


◦ $28,885
◦ $11,790
◦ $11,200
◦ $10,275
Macroeconomics ¦ Hubbard, O'Brien ¦ 6th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by Hungry! on Mar 16, 2019

ASDFGJLO

  • Sr. Member
  • ****
  • Posts: 335
Reply #1 on: Mar 16, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 29% of students answer this correctly


Hungry!

  • Member
  • Posts: 1,071
Reply 2 on: Mar 16, 2019
Gracias!

sarah_brady415

  • Member
  • Posts: 328
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

About 600,000 particles of skin are shed every hour by each human. If you live to age 70 years, you have shed 105 pounds of dead skin.

Did you know?

During the twentieth century, a variant of the metric system was used in Russia and France in which the base unit of mass was the tonne. Instead of kilograms, this system used millitonnes (mt).

Did you know?

Children of people with alcoholism are more inclined to drink alcohol or use hard drugs. In fact, they are 400 times more likely to use hard drugs than those who do not have a family history of alcohol addiction.

Did you know?

The use of salicylates dates back 2,500 years to Hippocrates’s recommendation of willow bark (from which a salicylate is derived) as an aid to the pains of childbirth. However, overdosage of salicylates can harm body fluids, electrolytes, the CNS, the GI tract, the ears, the lungs, the blood, the liver, and the kidneys and cause coma or death.

Did you know?

About 100 new prescription or over-the-counter drugs come into the U.S. market every year.

Important Human Viral Table Important Human Viral Table
The answer to “What is the proper role of children in an economy?” varies by social class, ... The answer to “What is the proper role of children in an economy?” varies by social class, ...
Free energy diagrams for the simple reaction A ----> B Free energy diagrams for the simple reaction A ----> B
Models of simple transposition and replicative 3′ transposition Models of simple transposition and replicative 3′ transposition
Two simple reflex arcs Two simple reflex arcs
Table - Correlation Analysis Table - Correlation Analysis
Video: Vasectomy

For a complete list of videos, visit our video library