In year 1, nominal gdp for the united states was $2,250 billion and in year 2 it was $2,508 billion. the gdp deflator was 72 in year 1 and 79 in year 2. between year 1 and year 2, real gdp rose by:
a. 11.4 percent.
b. 2.4 percent.
c. 1.6 percent.
d. 9.7 percent.

Kando company incurs a $9 per unit cost for product a, which it currently manufactures and sells for $13.50 per unit. instead of manufacturing and selling this product, the company can purchase product b for $5 per unit and sell it for $12 per unit. if it does so, unit sales would remain unchanged and $5 of the $9 per unit costs assigned to product a would be eliminated. 1. prepare incremental cost analysis. should the company continue to manufacture product a or purchase product b for resale? (round your answers to 2 decimal places.)

Which critical success factor improves with reduced cycle time, better quality standards, and improved efficiency when an is is implemented?

Identify whether the statements are true or false by dragging and dropping the appropriate term into the bin provided. long-run economic growth is unlikely to be sustainable because of finite natural resources. in the modern economy, countries that possess few domestic natural resources essentially have no chance to develop economically. finding alternatives to natural resources will be very important to long-term economic growth. in the modern economy, human and physical capital are generally less important in productivity than natural resources. in the 19th century, countries with the highest per capita gdp were nearly always abundant in minerals and productive farming land.