U.S. real gross domestic product increased from $10 trillion in 2000 to $15 trillion in 2010. During
Question:
U.S. real gross domestic product increased from $10 trillion in 2000 to $15 trillion in 2010. During that same decade the share of manufactured goods (e.g., cars, appliances) fell from 16 percent to 12 percent. What was the dollar value of manufactured output
(a) In 2000?
(b) In 2010?
(c) By how much did manufacturing output change?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 60% (15 reviews)
a 16 trillion b 18 trillion c It increased by 02 trillion or 125 Feedback ...View the full answer
Answered By
PALASH JHANWAR
I am a Chartered Accountant with AIR 45 in CA - IPCC. I am a Merit Holder ( B.Com ). The following is my educational details.
PLEASE ACCESS MY RESUME FROM THE FOLLOWING LINK: https://drive.google.com/file/d/1hYR1uch-ff6MRC_cDB07K6VqY9kQ3SFL/view?usp=sharing
3.80+
3+ Reviews
10+ Question Solved
Related Book For
The Macro Economy Today
ISBN: 978-1259291821
14th edition
Authors: Bradley R. Schiller, Karen Gebhardt
Question Posted:
Students also viewed these Business questions
-
Nominal GDP increased from roughly $10 trillion in 2000 to $16 trillion in 2012. In the same period prices rose on average by roughly 30 percent. By how much did real GDP increase?
-
Since the early 1990s, woodstove sales have declined from 1,200,000 units per year to approximately 100,000 units per year. The decline has occurred because of (1) stringent new federal EPA...
-
Holmes Corporation is a leading designer and manufacturer of material handling and processing equipment for heavy industry in the United States and abroad. Its sales have more than doubled, and its...
-
Lucy just started a new job and her employer offers a 457 plan. She is currently 30 and plans to retire at 65, her goal is to have $1,200,000 in her 457 plan when she retires. How much does she need...
-
The factorial expression 1. 4! / 6! 2. 12! / 4! 8! 3. n + 1)! / n!
-
Estimate the die clamping force required for injection molding 10 identical 1.5-in.-diameter disks in one die. Include the runners of appropriate length and diameter?
-
The net income for Robin Williams Co. for 2002 was \($250,000\). For 2002, depreciation on plant assets was \($60,000\), and the company incurred a loss on sale of plant assets of \($10,000\)....
-
Montana Company reports the following total costs at two levels of production. Classify each cost as variable, fixed, or mixed. 5,000 Units 10,000 Units Indirect labor Property taxes Direct labor...
-
Evaluate the indefinite integral: (Ina) dr S +C
-
A mutual fund sold $36 million of assets during the year and purchased $32 million in assets. If the average daily assets of the fund were $96 million, what was the fund turnover?
-
Identify the types of training that team members at Engineered Materials will likely require before they can effectively support team interaction and activities.
-
(a) Assuming an 8 percent sales tax levied on all consumption, complete the following table: (b) Is the sales tax (A) progressive or (B) regressive? Percentage of Income Paid in Taxes Consumption...
-
Using the information from P6-6A and P6-7A for Veryclear Glassware (CaliforniaEmployer Account Number 999-9999-9), complete the following State of California Form DE-9, Quarterly Contribution, and...
-
Webb company sells flags with team logos. Webb has fixed costs of \($639,600\) per year plus variable costs of \($4.20\) per flag. Each flag sells for $12.00. Requirements 1. Use the income statement...
-
Which of the following is not normally reported as part of the total manufacturing inventory cost? a. work-in-process b. finished goods c. property, plant, and equipment d. raw materials
-
Goodwill should be recorded in the balance sheet as an intangible asset only when a. it is sold to another company. b. it is acquired through the purchase of another business. c. a company reports...
-
Which of the following events appears in the cash flows from the investing activities section of the statement of cash flows? a. Cash received from customers b. Cash received from the issuance of...
-
Which of the following is not disclosed in a statement of cash flows? a. A transfer of cash to a cash equivalent investment b. The amount of cash at year-end c. Cash outflows from investing...
-
At December 31, 2019, Shutdown Manufacturing Limited had outstanding a $300,000, 12% note payable to Thornton National Bank. Dated January 1, 2017, the note was issued at par and due on December 31,...
-
Refer to the Conservation Ecology (Dec. 2003) study of the causes of forest fragmentation, presented in Exercise 2.166 (p. 97). Recall that the researchers used advanced high-resolution satellite...
-
How might the current treatment of capital losses discourage an individual investor from purchasing stock of a high-risk, start-up company?
-
An individual taxpayer has realized a $40,000 loss on the sale of an asset that had a holding period of eight months. Explain why the taxpayer may be indifferent as to whether the asset is a capital...
-
If Pam transfers an asset to Fred and the asset is subject to a liability that is assumed by Fred, how does Freds assumption of the liability affect the amount realized by Pam? How does Freds...
-
HW 1 Wishbone Multimedia had the following note payable transactions for 2017 and 2018. June 1, 2017 purchased equipment from Texco costing $18,000 by issuing a one-year, 8% note payable. General...
-
Kingbird Corporation reported net income of $253,200 in 2020 and had 197,000 shares of common stock outstanding throughout the year. Also outstanding all year were 42,000 options to purchase common...
-
Fraser Corporation declares a cash dividend to common shareholders. How does this transaction impact the accounting equation: Assets [Select] Liabilities [Select] and, Stockholders' Equity [Select]
Study smarter with the SolutionInn App