baybeecakes6300 baybeecakes6300

20-10-2020
Business

contestada

11. Suppose domestically-produced apples have a price of $1.50 per pound and domestically-produced oranges have a price of $2.50. What combined contribution does domestic production of 2,000 pounds of apples and 1,000 pounds of oranges made to nominal GDP

Respuesta :

topeadeniran2 topeadeniran2

20-10-2020

Answer: $5500

Explanation:

Nominal GDP is when th current market prices of goods is being used to calculate the value of every goods and services for that particular country.

To solve this, we have to multiply the quantity of the goods by their prices. This will be:

= (2000 × $1.50) + (1000 × $2.50)

= $3000 + $2500

= $5500

Answer Link

Otras preguntas

Joshua is a new project manager. He is unsure of how much time a new task will require to be completed on the project. He decides to use ________ to estimate a

Hard-boiled eggs are made by placing eggs in boiling water until their whites and yolks solidify. Why does hard-boiling an egg take longer at high altitude than

Supporters of Manifest Destiny believed it was their right A. to maintain peaceful relations with other countries. B. preserve traditional ways of making a livi

The radial velocity method preferentially detects: Choose one: A. all of the above described planets equally well. B. small planets far from the central star. C

Show that √5×√20 is an integer?

A scientist wishes to develop a new drug that prevents synaptic communication via neuropeptides but not small molecule neurotransmitters. Which mechanism would

Holding your breath while ascending can lead to: Select one: A rupture of the tiny air sacks in the lungs, known as alveoli. A lung overpressure (overexpansion)

Decisions about saving and investment are Multiple Choice generally made under conditions of complete certainty about the future. complicated by the fact that t

Plane-polarized light is incident on a single polarizing disk with the direction of E0 parallel to the direction of the transmission axis. Through what angle sh

________ is anything that happens during the course of a business process. Multiple Choice BPMN activity BPMN flow BPMN gateway BPMN event