Question 1 (1 point) In the simple economy of OCCland, we need to figure out their...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Question 1 (1 point) In the simple economy of OCCland, we need to figure out their nominal GDP given the following information: OCCland produces 100 bags of Tea per year at $20 per bag, 75 new watches every year at $150 per watch, 500 new dresses every year at $1000 per dress, and 25 new dolls for $10 per doll. What is the nominal gdp for OCCland? Saved $513,500 $450,000 $375,450 $513,000 Question 2 (1 point) Prices and Quantities for our Simple Economy Product Window Washing Baseballs Hammers Saved 8.9% 8.1% 9.8% none of the above 2006 Statistics 2007 Statistics 2008 Statistics Quantity Price Quantity Price Quantity Price 90 $50.00 100 $60.00 100 $65.00 75 $2.00 100 $2.00 120 $2.25 50 $30.00 50 $25.00 65 $25.00 According to the data given, what is the percentage growth in real gdp between 2006 and 2007? Question 3 (1 point) Saved Suppose that the country of Fruitland produces only peaches and pecans. The table below shows the prices and quantity of peaches and pecans produced for two consecutive years. Note that all prices are per bushel. Year 2000 Price Quantity Price $11 2001 $9 Peaches 64.71% 64.07% 64.17% 64.77% 10 20 $6 $10 Pecans Quantity 10 10 What is the percentage growth in nominal GDP between 2000 and 2001? Question 4 (1 point) Suppose that the country of Fruitland produces only peaches and pecans. The table below shows the prices and quantity of peaches and pecans produced for two consecutive years. Note that all prices are per bushel. Year 2000 Price Quantity Price $11 Peaches 2001 $9 10 20 $6 64.17% 64.77% 64.71% none of the above $10 Pecans Quantity 10 10 What is the percentage change in real GDP between 2000 and 2001? Question 5 (1 point) Suppose that the country of Fruitland produces only peaches and pecans. The table below shows the prices and quantity of peaches and pecans produced for two consecutive years. Note that all prices are per bushel. Year Price Quantity Price 2000 $11 2001 $9 Peaches $280 $270 $170 $150 10 20 $6 $10 Pecans What is the nominal GDP for 2001? Quantity 10 10 Question 9 (1 point) Suppose that the country of Fruitland produces only peaches and pecans. The table below shows the prices and quantity of peaches and pecans produced for two consecutive years. Note that all prices are per bushel. Year 2000 $11 Price Quantity Price 2001 $9 Peaches $150 $170 $280 $220 10 20 $6 $10 What is the real GDP for 2000? Pecans Quantity 10 10 Question 10 (1 point) Prices and Quantities for our Simple Economy Product Window Washing Baseballs Hammers 2006 Statistics 2007 Statistics 2008 Statistics Quantity Price Quantity Price Quantity Price 90 $50.00 100 $60.00 100 $65.00 75 $2.00 100 $2.00 120 $2.25 $25.00 65 $25.00 50 $30.00 50 Based on the data given above, calculate real gdp for year 2007 $6700 $4585 $5495 None of the above Question 11 (1 point) Prices and Quantities for our Simple Economy Product Window Washing Baseballs Hammers 2008 Statistics Quantity Price $50.00 100 $60.00 100 $65.00 100 $2.00 $2.00 120 $2.25 $30.00 50 $25.00 65 $25.00 2006 Statistics 2007 Statistics Quantity Price Quantity Price 90 75 50 Based on the data above, what is the real gdp for 2008? $3585 $7190 $6190 $7395 Question 14 (1 point) Suppose that the country of Fruitland produces only peaches and pecans. The table below shows the prices and quantity of peaches and pecans produced for two consecutive years. Note that all prices are per bushel. Year Price Quantity Price 2000 $11 2001 $9 Peaches $280 $170 $200 $150 10 20 $6 $10 What is the real GDP for 2001? Pecans Quantity 10 10 Question 18 (1 point) Prices and Quantities for our Simple Economy Product Window Washing Baseballs Hammers $6150 $5500 $7395 $6190 2006 Statistics 2007 Statistics 2008 Statistics Quantity Price Quantity Price Quantity Price $50.00 100 $60.00 100 $65.00 $2.00 120 $2.25 90 75 $2.00 100 50 $30.00 50 $25.00 65 $25.00 According to the data given, what is the nominal gdp for 2006? Question 19 (1 point) Suppose that the country of Fruitland produces only peaches and pecans. The table below shows the prices and quantity of peaches and pecans produced for two consecutive years. Note that all prices are per bushel. Year Price Quantity Price 2000 $11 Peaches 2001 $9 10 20 $6 none of the above $160 $170 $200 $10 Pecans What is the nominal GDP for 2000? Quantity 10 10 Question 20 (1 point) Prices and Quantities for our Simple Economy Product Window Washing Baseballs Hammers 2006 Statistics 2007 Statistics 2008 Statistics Quantity Price Quantity Price Quantity Price 90 $50.00 100 $60.00 100 $65.00 75 $2.00 100 $2.00 120 $2.25 $30.00 50 $25.00 65 $25.00 50 Based on the data given, calculate nominal gdp for year 2007 $7450 $6150 $8395 $10,000 Question 1 (1 point) In the simple economy of OCCland, we need to figure out their nominal GDP given the following information: OCCland produces 100 bags of Tea per year at $20 per bag, 75 new watches every year at $150 per watch, 500 new dresses every year at $1000 per dress, and 25 new dolls for $10 per doll. What is the nominal gdp for OCCland? Saved $513,500 $450,000 $375,450 $513,000 Question 2 (1 point) Prices and Quantities for our Simple Economy Product Window Washing Baseballs Hammers Saved 8.9% 8.1% 9.8% none of the above 2006 Statistics 2007 Statistics 2008 Statistics Quantity Price Quantity Price Quantity Price 90 $50.00 100 $60.00 100 $65.00 75 $2.00 100 $2.00 120 $2.25 50 $30.00 50 $25.00 65 $25.00 According to the data given, what is the percentage growth in real gdp between 2006 and 2007? Question 3 (1 point) Saved Suppose that the country of Fruitland produces only peaches and pecans. The table below shows the prices and quantity of peaches and pecans produced for two consecutive years. Note that all prices are per bushel. Year 2000 Price Quantity Price $11 2001 $9 Peaches 64.71% 64.07% 64.17% 64.77% 10 20 $6 $10 Pecans Quantity 10 10 What is the percentage growth in nominal GDP between 2000 and 2001? Question 4 (1 point) Suppose that the country of Fruitland produces only peaches and pecans. The table below shows the prices and quantity of peaches and pecans produced for two consecutive years. Note that all prices are per bushel. Year 2000 Price Quantity Price $11 Peaches 2001 $9 10 20 $6 64.17% 64.77% 64.71% none of the above $10 Pecans Quantity 10 10 What is the percentage change in real GDP between 2000 and 2001? Question 5 (1 point) Suppose that the country of Fruitland produces only peaches and pecans. The table below shows the prices and quantity of peaches and pecans produced for two consecutive years. Note that all prices are per bushel. Year Price Quantity Price 2000 $11 2001 $9 Peaches $280 $270 $170 $150 10 20 $6 $10 Pecans What is the nominal GDP for 2001? Quantity 10 10 Question 9 (1 point) Suppose that the country of Fruitland produces only peaches and pecans. The table below shows the prices and quantity of peaches and pecans produced for two consecutive years. Note that all prices are per bushel. Year 2000 $11 Price Quantity Price 2001 $9 Peaches $150 $170 $280 $220 10 20 $6 $10 What is the real GDP for 2000? Pecans Quantity 10 10 Question 10 (1 point) Prices and Quantities for our Simple Economy Product Window Washing Baseballs Hammers 2006 Statistics 2007 Statistics 2008 Statistics Quantity Price Quantity Price Quantity Price 90 $50.00 100 $60.00 100 $65.00 75 $2.00 100 $2.00 120 $2.25 $25.00 65 $25.00 50 $30.00 50 Based on the data given above, calculate real gdp for year 2007 $6700 $4585 $5495 None of the above Question 11 (1 point) Prices and Quantities for our Simple Economy Product Window Washing Baseballs Hammers 2008 Statistics Quantity Price $50.00 100 $60.00 100 $65.00 100 $2.00 $2.00 120 $2.25 $30.00 50 $25.00 65 $25.00 2006 Statistics 2007 Statistics Quantity Price Quantity Price 90 75 50 Based on the data above, what is the real gdp for 2008? $3585 $7190 $6190 $7395 Question 14 (1 point) Suppose that the country of Fruitland produces only peaches and pecans. The table below shows the prices and quantity of peaches and pecans produced for two consecutive years. Note that all prices are per bushel. Year Price Quantity Price 2000 $11 2001 $9 Peaches $280 $170 $200 $150 10 20 $6 $10 What is the real GDP for 2001? Pecans Quantity 10 10 Question 18 (1 point) Prices and Quantities for our Simple Economy Product Window Washing Baseballs Hammers $6150 $5500 $7395 $6190 2006 Statistics 2007 Statistics 2008 Statistics Quantity Price Quantity Price Quantity Price $50.00 100 $60.00 100 $65.00 $2.00 120 $2.25 90 75 $2.00 100 50 $30.00 50 $25.00 65 $25.00 According to the data given, what is the nominal gdp for 2006? Question 19 (1 point) Suppose that the country of Fruitland produces only peaches and pecans. The table below shows the prices and quantity of peaches and pecans produced for two consecutive years. Note that all prices are per bushel. Year Price Quantity Price 2000 $11 Peaches 2001 $9 10 20 $6 none of the above $160 $170 $200 $10 Pecans What is the nominal GDP for 2000? Quantity 10 10 Question 20 (1 point) Prices and Quantities for our Simple Economy Product Window Washing Baseballs Hammers 2006 Statistics 2007 Statistics 2008 Statistics Quantity Price Quantity Price Quantity Price 90 $50.00 100 $60.00 100 $65.00 75 $2.00 100 $2.00 120 $2.25 $30.00 50 $25.00 65 $25.00 50 Based on the data given, calculate nominal gdp for year 2007 $7450 $6150 $8395 $10,000
Expert Answer:
Answer rating: 100% (QA)
1 Based on the information provided lets calculate the nominal GDP for OCCland Tea 100 bags x 20 per bag 2000 Watches 75 watches x 150 per watch 11250 Dresses 500 dresses x 1000 per dress 500000 Dolls ... View the full answer
Related Book For
Statistics For Business Decision Making And Analysis
ISBN: 9780134497167
3rd Edition
Authors: Robert A. Stine, Dean Foster
Posted Date:
Students also viewed these economics questions
-
An extensive and unanticipated medical bill _____. may be a considerable financial resource may be considered an extraordinary expense may alter the cost of living may be accounted for in spousal...
-
Planning is one of the most important management functions in any business. A front office managers first step in planning should involve determine the departments goals. Planning also includes...
-
A 60-kHz radio transmitter sends an electromagnetic wave to a receiver 21 km away. The signal also travels to the receiver by another path where it reflects from a helicopter as shown. Assume that...
-
A given stock is currently priced at $100. Historically, its annual return has been 12 percent with a standard deviation of 15 percent. Build a spreadsheet simulation model for the stock price, using...
-
Name the metric unit you would use to measure each of the quantities in Problems 5-10. a. The distance from New York to Chicago b. The distance around your waist
-
In a centrifugal compressor, the pressure ratio can be increased by: (a) Increasing tip speed (b) Decreasing inlet temperature (c) Both (a) and (b) (d) None of the above
-
On January 1, 2011, the Brunswick Hat Company adopted the dollar-value LIFO retail method. The following data are available for 2011: Required: Calculate the estimated ending inventory and cost of...
-
An electric lamp fixture 30 N weight is suspended at point C by two strings AC and BC. AC makes an angle 60 with horizontal and BC makes an angle 60 with vertical, as shown in figure. Find forces in...
-
a) A trial balance was extracted from the books of Rose Limited on 31" December 2010 and it was found that the credit side exceeded the debit side by sh 77. On 28th February 2011 all errors from the...
-
The U.S. Commercial Service prepares reports known as the Country Commercial Guide for countries of interest to U.S. investors. Utilize the Country Commercial Guide for Russia to gather information...
-
You are a senior manager in a U.S. automobile company considering investing in production facilities in China, Russia, or Germany. These facilities will serve local market demand. Evaluate the...
-
Read the Management Focus titled Burberry Shifts Its Entry Strategy in Japan and then answer the following questions: a. Why did Burberry initially choose a licensing strategy to expand its presence...
-
The desert kingdom of Saudi Arabia is a rarity in the modern world, an absolute monarchy whose laws are based upon interpretations of a religious text, the Quran, the holy book of Islam. Despite...
-
When Bangladesh gained independence from Pakistan in 1971 after a brutal civil war that may have left as many as 3 million dead, the U.S. National Security Adviser, Henry Kissinger, referred to the...
-
The gaseous reaction of A2 2nd, is of the first order with respect to A. After 750 s, 64.5% of A 2 remains without decomposing. Determine: a. Calculate the half-life. b. The time required for 90% of...
-
Suppose the spot and six-month forward rates on the Norwegian krone are Kr 5.78 and Kr 5.86, respectively. The annual risk-free rate in the United States is 3.8 percent, and the annual risk-free rate...
-
The Energy Policy Act of 2005 mandates that gasoline sold in the United States must average at least 2.78% ethanol in 2006. Does this mean that every gallon of gas sold has to include ethanol?
-
The title of each of the following exercises identifies the data table to be used for the problem. Tech Stocks These data give the monthly returns on stocks in three technology companies: HP, IBM,...
-
Number of cash-back coupons returned by purchasers of cameras, computers, and stereo equipment Match this description of variables to a bar chart, Pareto chart, pie chart, or frequency table. Some...
-
A diploid organism has a total of 14 chromosomes and about 20,000 genes per haploid genome. Approximately how many genes are in each linkage group?
-
By conducting testcrosses, researchers have found that the sweet pea plant has seven linkage groups. How many chromosomes would you expect to find in leaf cells of sweet pea plants?
-
Describe the unique features of ascomycetes that facilitate genetic analysis of these fungi.
Study smarter with the SolutionInn App