An economy only produces cars and beef. Neither production requires intermediate goods. In 2019 200 cars are produced and sold at a price of $15,000 each and 1,000,000 pounds of beef are produced and sold for $7.00 per pound. In 2020 250 cars are produced and sold at a price of $16,000 each and 1,000,000 pounds of beef are produced and sold for $8.00 per pound. (a) (1 point) Calculate the nominal GDP in each year. (b) (4 points) 2019 is the base year. Calculate the real GDP in each year using the chain-weighted method. (c) (1 point) Calculate the GDP deflator and the inflation rate. (d) (4 points) Suppose that cars in 2020 are much better than cars in 2019; One car in 2020 is equivalent to 1.2 cars in 2019. How does factoring in the quality adjustment change your calculations in parts (a) to (c)

crow design, inc. is a web site design and consulting firm. the firm uses a job order costing system in which each client is a different job. crow design assigns direct labor, licensing costs, and travel costs directly to each job. it allocates indirect costs to jobs based on a predetermined overhead allocation rate, computed as a percentage of direct labor costs. direct labor hours (professional) 6,250 hours direct labor costs ($1,800,000 support staff salaries ,000 computer ,000 office ,000 office ,000 in november 2012, crow design served several clients. records for two clients appear here: delicious treats mesilla chocolates direct labor 700 hours 100 hours software licensing $ 4,000 $400 travel costs 8,000 1. compute crow design’s direct labor rate and its predetermined indirect cost allocation rate for 2012. 2. compute the total cost of each job. 3. if simone wants to earn profits equal to 50% of service revenue, how much (what fee) should she charge each of these two clients? 4. why does crow design assign costs to jobs?