Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jun 14, 2024

If the GDP deflator in 2009 equals 1.25 and nominal GDP in 2009 equals $18.75 trillion, then the value of real GDP in 2009 equals

If the GDP deflator in 2009 equals 1.25 and nominal GDP in 2009 equals $18.75 trillion, then the value of real GDP in 2009 equals _____ trillion.

Select one:

A.$12

B.$12.5

C.$15

D.$18.75

$15.625

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Economics of Money Banking and Financial Markets

Authors: Frederic S. Mishkin

12th edition

134733821, 134733827, 9780134734507 , 978-0134733821

More Books

Students also viewed these Economics questions

Question

★★★★★

Infoworks is a large computer discount store that sells computers and ancillary equipment and software in the town where State University is located. Infoworks has collected historical data on...

Answered: 1 week ago

Question

★★★★★

Discuss the future of the specialty shop if producers place greater emphasis on mass selling because of the inadequacy of retail order-taking.

Answered: 1 week ago

Question

★★★★★

=+a) What is the value predicted by this model for January 2010 1Time = 20102?

Answered: 1 week ago

Question

★★★★★

A 3.00-m-long, 240-N, uniform rod at the zoo is held in a horizontal position by two ropes at its ends (Fig. 11.30). The left rope makes an angle of 150° with the rod and the right rope makes an...

Answered: 1 week ago

Question

★★★★★

Job B-21 was recently completed and contains the following data: Direct materials $5,000 Direct labor $10,000 The predetermined overhead rate is 150% of direct labor cost. The total cost of job B-21...

Answered: 1 week ago

Question

★★★★★

Ross Company is a corporation providing medical diagnostic services. Ross has used the cash method since inception because its gross receipts did not exceed $5,000,000. This year, its average annual...

Answered: 1 week ago

Question

★★★★★

Toby and Nancy are engaged and plan to get married. During 2017, Toby is a full-time student and earns $8,500 from a part-time job. With this income, student loans, savings, and nontaxable...

Answered: 1 week ago

Question

★★★★★

TASK #3 Determine the veritcal stress increase at point A. Line load 110 kN/m Line load 440 kN/m. 6 m -3 m A 4 m

Answered: 1 week ago

Question

★★★★★

2. Due to a weak connection, there is a break in the circuit (shown below) between points a and b. If R1 = 5.23 0, R2 = 2.29 0, and R3 = 16.2 0, and the two batteries &1 and &2 have voltages of 22.0...

Answered: 1 week ago

Question

★★★★★

Need answer to part 2 Unit & Lab Quiz E Question 5 of 12 (1 point) | Question Attempt: 1 of 1 Time Remaining: 1:21:14 Alexandra V Mail Delivery A local postal carrier distributes first-class letters,...

Answered: 1 week ago

Question

★★★★★

Contact (by phone, email or in person), an independently owned (not a chain-affiliated) restaurant or food-service operation that you would like to learn about. Ask permission to interview the owner,...

Answered: 1 week ago

Question

★★★★★

(b) An adiabatic steam turbine operates at steady conditions with inlet steam at 500C and 2 MPa. The outlet state is at 10 kPa and quality, x=0.95. i) Determine the quality of the steam at the outlet...

Answered: 1 week ago

Question

★★★★★

Can I get explanation of each of these thank you Sources of law in Canada Adversarial v Inquisitorial Rules vs Laws Ratio Decidendi and Res Judicata and Rule of Law Hammurabi, Rome, Greece or Magna...

Answered: 1 week ago

Question

★★★★★

5. What do you think is meant by the phrase giving priority to what we already know?

Answered: 1 week ago

Question

★★★★★

2. You are asked to provide information to the board of the company you work for. How would you convey this information if the aim is: a) That they will remember the information for a long time. b)...

Answered: 1 week ago

Question

★★★★★

7. Give examples of information-overload from your everyday life. Review the six consequences that information-overload can lead to and discuss the examples in relation to all the six points.

Answered: 1 week ago

Previous Question Next Question