averyeverdeen01
02.07.2021 •
Business
Suppose there is a simple one good economy that only produces spinning rims. In 2015, the economy was able to produce 1 million sets of spinning rims at an amazing price of $500 per set. In 2016, the economy was able to produce 1 million sets of spinning rims at a price of $1,000 per set. By what amount did real GDP increase between 2015 and 2016 in the simple one good economy
Solved
Show answers
More tips
- T Travel and tourism Maldives Adventures: What is the Best Season to Visit the Luxurious Beaches?...
- H Health and Medicine Kinesiology: What is it and How Does it Work?...
- O Other How to Choose the Best Answer to Your Question on The Grand Question ?...
- L Leisure and Entertainment History of International Women s Day: When Did the Celebration of March 8th Begin?...
- S Style and Beauty Intimate Haircut: The Reasons, Popularity, and Risks...
- A Art and Culture When Will Eurovision 2011 Take Place?...
- S Style and Beauty How to Choose the Perfect Hair Straightener?...
- F Family and Home Why Having Pets at Home is Good for Your Health...
- H Health and Medicine How to perform artificial respiration?...
- H Health and Medicine 10 Tips for Avoiding Vitamin Deficiency...
Answers on questions: Business
- B Business Gloria s employer deducted 20 percent of her pay in the month of january due to personal problems he had with her. under the lilly ledbetter fair pay act, what period of...
- B Business Acollege professor’s compensation package includes the total cost of a $325-per-month health insurance plan, the total cost of a & 65-per-month life insurance plan,...
- B Business Meetings are a good place to decide what business to discuss. select the best answer from the choices provided t f...
- B Business What is a clientele? a. a list of benefits a product provides for customers b. a team of employees who promote customer retention c. an individual customer who is unhappy...
- B Business The type of reasoning toddlers/preschoolers use when they guess is called:...
- B Business FinanceCo lent $8.3 million to Corbin Construction on January 1, 2021, to construct a playground. Corbin signed a three-year, 5% installment note to be paid in three equal...
- B Business During 2015, and office desk used by Pat and his business was completely destroyed by a fire. The adjusted basis of the desk was $900 (original cost of $1500 less accumulated...
- B Business Brooks Agency set up a petty cash fund for $150. At the end of the current period, the fund contained $28 and had the following receipts: entertainment, $70; postage, $30;...
- B Business A bank is offering a simple interest rate of 5\%5%5, percent — that is, the bank will pay a fixed 5\%5%5, percent of an initial investment as interest each year. By contrast,...
- B Business True or false: in restaurants, tipping is not customary because it violates the tradition of tahitian hospitality....
Ответ:
0
Explanation:
Firstly, we will calculate the nominal value in 2015 which will be:
= $500 x 1 million
= $500 million
The nominal value in 2016 will be:
= $1000 x 1 million
= $1 billion
Real GDP will be the price of the base year multiplied by the quantity of the current year which will be:
= $500 million x 1 million sets
= $500 million
Therefore, the increase in real GDP is zero.
Ответ: