Below are nominal GDP and GDP deflators for four years. Year Nominal GDP in billions GDP Deflator

Year1 $21,000 100

Year 2 21,560 103

Year 3 22,495 105

Year 4 23,280 108

a. Calculate real GDP in each year.

Instructions: Round your responses to the nearest whole number.

For Year 1, GDP is $ billion.

For Year 2, GDP is $ billion.

For Year 3, GDP is $ billion.

For Year 4, GDP is $ billion.

b. Did the percentage change in nominal GDP exceed the percentage change in real GDP in any of the last three years listed?

c. In which year did society’s welfare increase the most?

Sarah is an accountant with desires to open her own business. she is looking for office space at a reasonable rate along with internet service. of the conditions that need to be put in place for the entrepreneurial ecosystem, she needs

You've arrived at the pecan shellers conference—your first networking opportunity. naturally, you're feeling nervous, but to avoid seeming insecure or uncertain, you've decided to a. speak a little louder than you would normally. b. talk on your cell phone as you walk around. c. hold an empowered image of yourself in your mind. d. square your shoulders before entering the room.

The mccolls have made an offer on a new home. the home is new construction and scheduled to be completed by the end of the year. they provide a purchase deposit--a check in the amount of $40,000--to their agent, suzette. suzette, at the broker's direction, deposits the earnest money in the broker's trust fund account within two business days of receipt of the funds. did suzette follow the proper procedures? a. no, the check should not have been cashed. if a check is used as an earnest money deposit, it is to be held until acceptance of the offer. the seller must also be informed the buyer's check is being held and not negotiated.b. yes, suzette deposited the earnest money in the broker's trust fund account as directed. she also deposited the check within three business days of receipt. unless there were written instructions to hold the check until acceptance of the offer, the check may be cashed.c. no, suzette needed to deposit the earnest money in the broker's trust fund account within two days of receipt, not necessarily two business days.d. both a and c