Question

If in some year nominal GDP was $15 trillion and real GDP was $75 trillion, what...

If in some year nominal GDP was $15 trillion and real GDP was $75 trillion, what was the GDP deflator?

a. 20.

b. 40.

c. 250.

d. 400.

In the economy of Jordan in 2018, exports were $300, GDP was $2700, government purchases were $500, imports were $480, and consumption was $900. What was Jordan’s investment in 2018?

a. $1270

b. $1230

c. $1370

d. $1480
Business   Economics   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

Answer 1 option a 20

Answer 2 option d $1480

if you have any doubt ask in comment i will reply asap.

If you like the answer give thumbs up.

Thank you ?

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
A- The Bureau of Economic Analysis (BEA) calculates nominal and real GDP for the United States....
A- The Bureau of Economic Analysis (BEA) calculates nominal and real GDP for the United States. Currently, it uses 2012 as the base year. Based on this information alone, what could you say about the relationship between nominal and real GDP for 2012 for the United States? (2 points) B- In 2018, nominal GDP was approximately 20.5 trillion and GDP deflator was approximately 110 . In 2019, nominal GDP was approximately 21.5 trillion and GDP deflator was approximately 112. Calculate...
            Growth rate of nominal GDP – Inflation rate   = a.         price level. b.         the growth...
            Growth rate of nominal GDP – Inflation rate   = a.         price level. b.         the growth rate of nominal GDP. c.         the growth rate of real GDP. d.         the growth rate of long-run trend GDP. e.         how much the economy contracts during a recession. 2.         The consumption category does not include purchases a.         of new cars made by consumers. b.         of entertainment services made by consumers. c.         of new clothing made by consumers. d.         of new houses made by consumers....
1. Suppose the consumption equation is represented by the following: C = 250 + .75YD. If...
1. Suppose the consumption equation is represented by the following: C = 250 + .75YD. If no other variables depend on Y, then the Keynesian Cross expenditure multiplier in this economy is A) .25. B) .75. C) 1. D) 4. E) 5. 2. Use the following information to answer this question. If nominal GDP rises from $100 trillion to $120 trillion, while the GDP deflator rises from 2.0 to 2.2, the percentage change in real GDP is approximately equal to...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT