LINDSAYBERG03GO LINDSAYBERG03GO

Business

Answered

If nominal GDP is $7 trillion and real GDP is $4 trillion, the price index is:
A) 57
B) 570
C) 17.5
D) 175

Answer :

PIADEVEAUGO PIADEVEAUGO

Answer:

Price index = 175

Explanation:

Given:

Nominal GDP = $7 trillion

Real GDP = $4 trillion

Find:

Price index

Computation:

After that, divide the nominal GDP by the actual GDP to get the price index.

Price index = [Nominal GDP / Real GDP]100

Price index = [$7 trillion / $4 trillion ]100

Price index = 175

Answer Link

Go Question: Other Questions

Describe Another Situation In Which The Cell Cycle Short To Allow Rapid Cell Division Before Returning To Normal

A Therapist Uses Unconditional Positive Regard To Help A Client Feel Fully Accepted. The Therapist And The Client Discuss Future Goals And Focus On The Steps Ne

What Is The Length Of The Altitude Drawn To The Hypotenuse? The Figure Is Not Drawn To Scale. * 12 3 X W3 X 12 Z Y Your Answer 

The Function Shown Models The Depth D (in Inches) Of Snow On The Ground During The First 9 Hours Of A Snowstorm, Where T Is The Time (in Hours) After The Snowst

When Does A Volcano Occur?

Draw Line Segment PQ. b. Draw Point R. c. Show The Resulting Segment That Would Occur When Rotating PQ 180 Degrees Around Point R.

Kenneth Has C Toy Cars. Jennifer Has 3 Times As Many Toy Cars As Kenneth. Write An Expression That Shows How Many Toy Cars Jennifer Has.

Which Expression Has A Value Of 8? (10 Points) A 720 ÷ 9 B 720 ÷ 90 C 7,200 ÷ 9 D 7,200 ÷ 90

From A Set Of Whole Numbers Less Than 25, What Is The Probability Of Getting A Number Either Divisible By 5 Or divisible By 3? A.) 3/5 B.) 14/25 C.) 1/5 D.) 11/

If L || M, Solve For X And Y

Describe A Situation That Could Be Represented By F(x) // Pls Help

BRO PLEASE HELP! 15. Yo Ya ________mi Casa Cuando Me Ofrecieron Un Trabajo Como Investigador En Francia. A) Había Vendido B) Habría Vendido C) He Vendido D)