Suppose a small economy produces only mp3 players. in year 1, 10,000 mp3 players are produce and sold at a price of $100 each. in year 2, 12,000 mp3 players are produced and sold at a price of $80 each. which of the following statements is true?
a) real gdp and nominal gdp both increase
b) real gdp increase while nominal gdp remains constant
c) real gdp decreases while nominal gdp increases
d) real gdp increases while nominal gdp decreases
Answers: 1
Business, 22.06.2019 09:40
Newton industries is considering a project and has developed the following estimates: unit sales = 4,800, price per unit = $67, variable cost per unit = $42, annual fixed costs = $11,900. the depreciation is $14,700 a year and the tax rate is 34 percent. what effect would an increase of $1 in the selling price have on the operating cash flow?
Answers: 2
Business, 22.06.2019 11:10
The prebisch–singer hypothesis concludes that: a. technology lowers the cost of manufactured products, so developing countries should see an increase in their terms of trade. b. developing countries experience a long-run decline in their terms of trade, as the demand for primary products in higher-income countries declines relative to their demand for manufactured goods. c. because of unfair trading practices, labor in developing countries is exploited. d. opec has been responsible for a slowdown in the world's standard of living.
Answers: 3
Business, 22.06.2019 21:40
Which of the following comes after a period of recession in the business cycle? a. stagflation b. a drought c. a boom d. recovery
Answers: 1
Suppose a small economy produces only mp3 players. in year 1, 10,000 mp3 players are produce and sol...
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