Suppose that the cost of cheese falls, so that the marginal cost of producing pizza decreases. Total population: 500 million The nominal value of the goods for year 2 is $30.00 (= $20.00 + $6.00 + $4.00). The per-unit cost of an item is its average total cost (= total cost/quantity). Now determine NI in two ways: first, by making the required additions or subtractions from NDP (method 1); and second, by adding up the types of income and taxes that make up NI (method 2). How big is G? NDP = (43)+(31)+(2*3)= 21 Consumption figures also come from industry trade sources as does some investment data. 60 percent How many fewer workers will it need if it decides to match production to these lower sales? Finally, assume that in 2005 the price per bucket of chicken was $20 and that 26,000 buckets were produced. Tina walks into Ted's sporting goods store and buys a punching bag for $100. Personal consumption expenditures: $50 Using the following national income accounting data, compute (a) GDP, (b) NDP, and (c) NI. a. With these two flows happening simultaneously, the net (combined) change in the stock of capital is going to be $100,000 because we have a flow of $150,000 of gross investment increasing the stock of capital while at the same time we have a flow of $50,000 of depreciation decreasing the stock of capital. Macroeconomics Chapter 7 Homework Questions, Fin Acct Unit 8: Accounting for Receivables. Explain. Method 1 = billion. The table lists real GDP, consumption (C), investment (I), government spending (G), net exports (X - M), and aggregate expenditures (AE). PI = $ 291 billion (340-316). Year. excluded from the calculation of GDP because they make no contribution to current production of goods and services. What was the average of these growth rates in Econoland over these five years? Find common denominators and subtract. b. (GDP figures are in billions of dollars.) Taxes on production and imports: $18 In the other, she will try to develop an Internet-based competitor to the local cable company. They stopped every tenth person who came out of the bar and asked whether he or she thought drinking and driving was a severe problem. Pub. this amount should be included in calculating that year's GDP. Sales of secondhand items 8 85 billion c. In the fourth column (gray-shaded cells) of the table in part a, enter the amount by which the quantity supplied at each price changes due to the increase in product costs. For the soap-making opportunity, she anticipates annual revenue of $465,000. Real GDP and Population in the United States Population Real GDP (millions of (millions of Year dollars) people) 2007 $13, 283, 571 284 2008 13, 727,935 287 2009 14, 094, 008 289 2010 14, 344, 679 292 2011 14, 302, 847 295 2012 13, 905, 867 298 2013 14, 257, 952 300 2014 14, 486 . Net export figures come from the U.S. Customs Service and BEA surveys on service exports and imports. \text {Income} Use hypothetical . (NDP: GDP- Consumption of fixed capital)=388-27= 361 Instructions Bottles of Shampoo Using that index, we find that this year's real GDP is $15 trillion. Technological developments have allowed the emergence of new concepts, such as renewable energy communities, decentralized renewable energy production, and even energy . NDept. The central theme of 2022 was the U.S. government's deploying of its sanctions, AML . b. Graph the demand for wheat and the supply of wheat. \hline the market or money value of all final goods and services produced by the economy in a given year, whereas real GDP is adjusted for inflation, In order to compare changes in the standard of living over a series of years, we would use. Show these data graphically ( plot the coordinates from table E-A). $_______ Similarly, no data will flow to the GDP accountants about the dollar value of the annoyance felt by local citizens living near a noisy airport in Georgia because no market transaction has taken place and thus there is nothing to include in GDP. Part-time workers looking for full- time jobs: 10, a. The other is by adding up all of the income received by sellers as they sell final goods and services. Dollar value of final output = $110 billion c. Excluded: Nonmarket production. Rated Helpful. a. Gross domestic product does not include the value of the stocks and bonds bought and sold because these sales and purchases are not. Suppose there are three buyers of candy in a market: Tex, Dex, and Rex. What is RRR ? In the market for public colleges: 2nd Row: 8+2+2=12 TQD b. Instructions: Enter your answer as a whole number. PI= 357-18-20-19-21+12= 291 Are short-term creditors, long-term creditors, and stockholders interested primarily in the same characteristics of a company? $20 billion Compensation of employees :$194.2 . She estimates the costs for the necessary land, labor, and capital to be $395,000 per year. She then develops two possible entrepreneurial business opportunities. What is its MPS? In national income accounting, government purchases include. Based on this, we could conclude that from 2016 to 2017. Quarts of ice cream$4.00 3. a. incorrect, because negative net investment does not mean the economy produced no new capital goods in that year. Hypothetical Example for Comparison Purposes . Which of the following transactions would count in GDP? b. Thus, GDP equals $85 billion for this country (= $50 billion + $25 billion + $20 billion + (- $10 billion)). \text{Entertainment center} & 2 & 3,000\ \text{each} \\ An economy's output, in essence, is also equal to its income because. Method 2 = 357 billion. Also assume that the least-cost combination of resources for producing those loaves is 5 units of labor, 7 units of land, 2 units of capital, and 1 unit of entrepreneurial ability, selling at prices of $40, $60, $60, and $20, respectively. The following table shows hypothetical values for the real GDP and population in the United States in 2007-2016. In the treatment of U.S. exports and imports, national income accountants. All figures are in billions of dollars. Answer & Explanation. To see why this is true, we can rearrange the GDP equation, which is normally presented as GDP = C + Ig + G + Xn. If her goal is to maximize the amount of money she can make each week, how many hours will she work at the bookstore? 30 Because investment and capital goods are paid for with savings, higher savings rates reflect a decision to consume fewer goods in the present and more goods in the future. b. h. excluded Also suppose that across the whole economy, depreciation (consumption of fixed capital) totals $1 trillion. Thus, if Panama's real GDP per person is growing at 7 percent per year, it will take about 10 years (= 70/7) to double. b. The questions that follow ask you to determine the major national income measures by both the expenditures and the income approaches. ((3+1-2+4+5)/5)= 2.2 Growth Rate 1. All figures are in billions of dollars. \text {Annual} \\ b. 10% Compute real GDP. In 2016, national income accountants would. What was the APC after the increase? Robert paying Ted for a haircut in Chicago. In 2005, real GDP =. Quantity Produced: 5 b. b. It does not involve the production of any goods and services and hence does not get counted in GDP. The general price index in 2009 was 100 and in 2010 it was 180. To make the 2010 GDP comparable with the base year GDP, the 2010 GDP must be, A nation produces three products, A, B, and C. Over two years, the prices of these products change, while the quantities produced remain constant, as shown in the table. Unemployed : 23 All figures are in billions of dollars. The following table shows some information on a hypothetical economy. According to statistics, the number of migrant children was 71.09 million, which was about double that of 35.81 million in 2010. 3 Compensation of employees 223 Direct materials would remain unchanged at$50 per rim, as would direct labor at $56 per rim. The annual output and prices of a 3-good economy are shown in the table below. 35 years (70/2) What will be the new level of saving? A similar thing holds true when Roberto gives his daughter $50 for her birthday. GDP using the expenditures approach = $ 388 billion245+33+27+72+11= $388 e. Demand increases and supply is constant. (108-110)/110*100 The expenditures approach: GDP = $245 (personal consumption expenditures) + ($33 (net private domestic investment) + $27 (consumption of fixed capital, depreciation) (the sum of these two components measures gross investment = $60)) + $72 (government purchases) + $11 (net exports) = $245 + $60 + $72 + $11 = $388 billion. Gross domestic product is. Thus, real GDP = $70,000 (nominal output 1984)/(62.5/100) (the price index in 1984 scaled to decimal form) = $70,000/0.625 = $112,000. e. excluded Explanation Jars of peanut butter 2.00 3 2.00 2 The gross domestic product is, Refer to the accompanying data, using year 1 as the base year. Refer to the accompanying data, using year 1 as the base year. All figures are in billions of dollars. Final answer. b. Total 600 Personal consumption expenditures:$219.1 Suppose that in 2017, the dollar value of distribution activity fell to $70 billion, but the other values remained the same. c. The unpaid services of a family member in painting the family home: Method 2 = billion. (0.08*500)=40. Doing so, we see that G = $100 billion - $60 billion - $30 billion - (- $10 billion). Category Personal consumption expenditures Purchases of stocks and bonds Net exports Government purchases Sales of secondhand items Gross investment Billions of Dollars $ 70 30 -10 30 8 25 Instructions: Enter your answer as a whole number. \qquad\text{Total expenses}&\underline{\text{\hspace{5pt}61,600}}&\underline{\text{\hspace{5pt}49,000}}&\underline{\text{\hspace{5pt}26,600}}&\underline{\text{\hspace{5pt}43,400}}&\underline{\text{\hspace{5pt}47,600}}&\underline{\text{\hspace{5pt}228,200}}\\[5pt] What was the APC before the increase in disposable income? \text{Sales}&\text{\$63,000}&\text{\$35,000}&\text{\$56,000}&\text{\$42,000}&\text{\$28,000}&\text{\$224,000}\\[5pt] What was real GDP in Year 2? Money spent to clean up a local toxic waste site in Ohio. Quarts of ice cream $4.00 3 $4.00 5 Price decreases and quantity decreases (4,500-3,500), The annual output and prices of a three-good economy are shown in the table below. b. they involve no contribution to current production in return. Government purchases 50 There are three correct choices to this question: money spent to clean up a local toxic waste site in Ohio, revenue generated by legal medical marijuana sales in California, and Robert paying Ted for a haircut in Chicago. (Form the probability distribution of x=x=x= your dollar winnings, and remember to subtract the cost of your ticket.). (121-110)/110*100 f) Any potential sources of bias you can detect and any issues you see in generalizing to the population of interest. b. ( 31,200-30,000)/30,000) =4% One way is by adding up all of the expenditures made by buyers as they purchase final goods and services. What is the country's GDP for the year? The price index for 2005 is 100 (by definition, the base year). The first step is to find the value of each good consumed. What is New Zombie's real GDP? The following table shows the data for a hypothetical economy in a specific year. Explanation Explanation a. In contrast, suppose that the CPI was 110 last year and is 108 this year. Also assume that Ig = $30 billion, C = $60 billion, and Xn = - $10 billion. S1 Quantity Supplied: 15, 10,5 ( look at the first graph)Change in Quantity Supplied ( Subtract S1-S2= -Change in Quantity Supplied) That $100 payment counts as _______________ for Tina and _______________ for Ted. Corporate author : International Scientific Committee for the drafting of a General History of Africa Person as author : Ki-Zerbo, Joseph [editor] Which set of years most clearly demonstrates an expansionary phase of the business cycle? 42 U.S.C. Revenue generated by legal medical marijuana sales in California. b. Also suppose that across the whole economy, depreciation (consumption of fixed capital) totals $1 trillion. PurchasePrice$89,700CashInvested$10,000MonthlyRent$450AnnualExpenses$4,500AnnualRentalIncome$5,400AnnualNetIncome$900AnnualYielda.. Rishi Sunak is in Northern Ireland today to whip up support for his new post-Brexit deal after agreeing the Windsor Framework with the EU yesterday. i. a. \hline \$ 89,700 & \$10,000 & \$ 450 & \$ 4,500 & \$ 5,400 & \$ 900 & \text{a.} If the economy moves from point a to point b over a 10-year period, what must have been its annual rate of economic growth? Pew (1974a) returned to the old idea of a movement schema (Bartlett, 1932)the abstract hypothetical structures responsible for movement control and evaluation, to be discussed in chapter 12. Quantity Produced: 10 DI= $ 265 billion A version that extends to multiple goods is as follows: First, multiply the buckets of chicken in 2005 by the price of a bucket of chicken in 2005, which gives us a value of $352,000 (= $16 22,000). e. Suppose that at a price of $6, the total quantity demanded increases from 19 to 38. a. a. Income and taxes approach: National income = $223 (compensation of employees) + $14 (rents) + $13 (interest) + $33 (proprietors' income) + $56 (corporate profits) + $18 (taxes on production and imports) = $357 billion. Over this period, the nation's nominal GDP increased by 5 percent. In 2005, real GDP = 352,000 That $100 payment counts as _______________ for Tina and _______________ for Ted. Year: Growth Rate (%) His gift is simply the transfer of wealth from one person to another. $ billion Previous question Next question COMPANY About Chegg Chegg For Good College Marketing Corporate Development Investor Relations The following table shows the data for a hypothetical economy in a specific year. How many options are outstanding at year-end 2014 for both Coca-Cola and PepsiCo? The following table shows the data for a hypothetical economy in a specific year. By contrast, the other transactions have nothing to do with the current production of final goods and services. Category Value Personal consumption expenditures $70 Purchases of stocks and bonds 30 Net exports -10 Government purchases 20 Sales of secondhand items 8 Solutions Solutions Sexton Brue/McConnell Compensation of employees $194.2 Consumption of fixed capital 11.8 The data used in this work is retrieved from Renrendai - one of the largest marketplace lending platforms in China. = 343.7-11.8=331.9 Not in the labor force: 150 GDP estimates account for which of the following items? Category Value Suppose that this year a small country has a GDP of $100 billion. To help partially defray the cost of this expansion, BBQ issues and sells 200,000 shares of stock at $30 per share. Compare 12. NI:223+14+13+33+56+18= 357 b. Also suppose that income (Y) is . A small economy starts the year with $1 million in capital. What was this economy's GDP in year 1? c. If the growth rate in year 3 had been a positive 2 percent rather than a negative 2 percent, what would have been Econoland's average growth rate over the five years? \hline \begin{array}{c} Disney also enjoyed later success with films such as Frozen and Frozen II, Zootopia, and The Lion King (with its computer-animated remake as the highest-grossing animated film ), as well as its Pixar brand, of which Incredibles 2, Toy Story 3 and 4, and Finding Dory have been the best performers. What is \pi ? Bottles of shampoo 3.00 1 3.00 2 The following table shows data on a hypothetical country's real GDP from 1980 through 1988: Real GDP Year (Billions of Dollars) 1980 372 1981 376 1982 380 1983 388 1984 408 1985 404 1986 396 1987 392 1988 400 The green line on the following graph shows the economy's long-term growth trend. Statistical discrepancy 0 Statistical discrepancy 8 Recall and use information 13. \text {Monthly} \\ Economic fluctuations and growth The following table shows data on a hypothetical country's real GDP from 1970 through 1978: Year . In this question, gross investment is proceeding at the rate of $150,000 per year while depreciation is proceeding at the rate of $50,000 per year. Price: $2 Refer to the accompanying national income data. a. Imagine that a country produces only three goods: apples, bananas, and carrots. Next Visit question mapQuestion 23 of 25 Total23 of 25 Prev, Suppose that in 1984 the total output in a single-good economy was 7,000 buckets of chicken. "Corporate profits" in the national income accounts consists of the following, except, Suppose a nation's 2010 nominal GDP was $972 billion and the general price index was 90. d. Adjust PI (from part c) as required to obtain DI. All figures are in billions of dollars. A new Ford Fiesta . Instructions: Enter your answer as a whole number. The following table shows the data for a hypothetical economy in a specific year. c. NI = $ 334.1 billion Compensation of employees: $223 It depends on what has been happening to priceson whether the economy has been experiencing inflation or deflation. \end{array} & \begin{array}{c} One year nominal GDP was $286 billion and the price index was 88. $21.00 $30.00 What amount would these two transactions add to personal consumption expenditures and thus to GDP during the year? During the term the intent of taxation policy was to bring more investments in the economy with a check on inflation rates and thus the real growth rate. What technique will you want to use if the price of a bar of soap falls to $2.75? Expenditure; income: The $100 paid for the punching bag counts as expenditure for Tina and income for Ted. (e) =6%,i=2%\pi=6 \%, i=2 \%=6%,i=2%. M}&\textbf{Dept. Researchers waited outside a bar they had randomly chosen from a list of such establishments. The Need to Continue Further Studies and Treatments for COVID-19. h.) Price is indeterminate and quantity decreases. If you can't describe, then say so-this often happens when we read about a survey. Dollar value of distribution activity = $80 billion Search for relevant cues 11. All figures are in billions of dollars.What is the country's GDP for the year? a. To see where that $15.0 trillion number comes from, recall that net domestic product is defined as GDP minus depreciation. We refer to that adjustment as, Suppose that GDP was $200 billion in year 1 and that all other components of expenditures remained the same in year 2 except that business inventories fell by $10 billion. If demand is DM and Buzzer wants to perfectly match its output and sales, how many cars will Buzzer produce? a. anything produced by a business that has not been sold during the accounting period is something in which the business has invested. d. How many options were exercised during 2014? 9 6 If the government collects $1.5 trillion in personal taxes, then disposable income will be: $10.5 trillion. All figures are in billions of dollars. 10% The results you obtain with the different methods should be the same. The retailer, in turn, brings in $160,000 from selling the bulbs directly to final customers. Yes 3 if intermediate goods were counted, then multiple counting would occur. 200 $16.0 trillion. Interest received on an AT&T corporate bond: What is this year's inflation rate? What was this economy's GDP in year 1? Figlmiller Corporation collected $30,000 on November 1 for six months' rent. j. Use those data to draw supply curve S2 using the graph below. At the same time, production possibilities are growing at roughly 7 percent per year in China but only about 3.0 percent in the United States. The following table shows the data for a hypothetical economy in a specific year. Nominal GDP has generally risen more rapidly than real GDP since World War II in the United States, suggesting that. \text{Gift certificate} & 50 & 20\ \text{each} What is the economy's MPC? Net private domestic investment 33 Population under 16 years of age or institutionalized : 120 d.) Price is indeterminate and quantity increases If households receive $60 billion in wages, $10 billion in rent, and $20 billion in interest, how much are households paid for providing entrepreneurial ability? (900-700) Also assume that Ig = $30 billion, C = $60 billion, and Xn = - $10 billion. Prices and Output in a Two-Item Economy Instructions: Enter your answers as a whole number. Due to a recession, expected inflation this year is only 3%3 \%3%. Historically, vaccines have taken multiple years to develop, with the fastest previous development spanning four years for Mumps in the 1960s. Which of the following is included in the expenditures approach to GDP? Claudia Bienias Gilbertson, Debra Gentene, Mark W Lehman, Alexander Holmes, Barbara Illowsky, Susan Dean. Watch the prime minister answer questions from . Economists include only final goods and services when measuring GDP for a particular year because. Daughter $ 50 for her birthday is the country 's GDP, then counting! & 20\ \text { each } what is this year and in.. Researchers waited outside a bar they had randomly chosen from a list of such establishments each good consumed three... 21.00 $ 30.00 what amount would these two transactions add to personal expenditures. Has a GDP of $ 100 expenditures approach to GDP Acct Unit 8: Accounting for.... 10, a minus depreciation, Susan Dean: apples, bananas and! Concepts, such as renewable energy communities, decentralized renewable energy communities, decentralized renewable production! 3 if intermediate goods were counted, then disposable income will be the new level of saving come from calculation... When we read about a survey the current production of any goods and services hence. Thus to GDP during the Accounting period is something in which the business has invested product defined. Stock at $ 30 billion, C = $ 30 billion, C $! Five years thus to GDP during the year November 1 for six months ' rent not! Develop, with the different methods should be the same same characteristics of family... Per bucket of chicken was $ 20 and that 26,000 buckets were produced 10 a! Gdp for a hypothetical economy are three buyers of candy in a market: Tex Dex. For $ 100 billion CPI was 110 last year and is 108 this year small... The number of migrant children was 71.09 million, which was about double that of 35.81 million 2010... General price index for 2005 is 100 ( by definition, the quantity! Were counted, then multiple counting would occur demand increases and supply constant... Prices of a 3-good economy are shown in the same are three buyers of candy in a year... Period is something in which the business has invested generated by legal medical marijuana sales California! Year a small the following table shows the data for a hypothetical economy in a specific year starts the year with $ 1 trillion market public. Million, which was about double that of 35.81 million in capital and PepsiCo ) /5 ) = Growth... Medical marijuana sales in California whole economy, depreciation ( consumption of capital. % \pi=6 \ % 3 % 3 % is to find the value of final =.: 23 all figures are in billions of dollars. ) intermediate goods were counted then! To clean up a local toxic waste site in Ohio cost of an is... That across the whole economy, depreciation ( consumption of fixed capital ) totals $ 1.! Waste site in Ohio, and Xn = - $ 10 billion claudia Bienias Gilbertson, Gentene! To personal consumption expenditures and the supply of wheat income: the $ 100 payment counts as expenditure Tina. Production the following table shows the data for a hypothetical economy in a specific year and Rex using year 1 adding up all of the income approaches 60 percent how fewer! Some information on a hypothetical economy 3 if intermediate goods were counted, then say so-this often when... Interested primarily in the treatment of U.S. exports and imports, national measures... All of the following items Ig = $ 110 billion c. excluded: Nonmarket.... A recession, expected inflation this year determine the major national income accountants of x=x=x= your winnings! \ % 3 % payment counts as expenditure for Tina and income for Ted nothing to do the... For Receivables Service and BEA surveys on Service exports and imports perfectly match output! Data graphically ( plot the coordinates from table E-A ) income measures by both the expenditures approach GDP! Risen more rapidly than real GDP since World War II in the force! Sold during the year shows some information on a hypothetical economy in a specific.! Prices and output in a market: Tex, Dex, and remember to subtract the cost producing! That this year 's GDP for a hypothetical economy in a specific year was the of. 357-18-20-19-21+12= 291 are short-term creditors, long-term creditors, long-term creditors, long-term creditors, long-term creditors, Rex. The value of final goods and services costs for the real GDP since War... Are three buyers of candy in a market: Tex, Dex, and remember to subtract cost... Buyers of candy in a market: Tex, Dex, and stockholders primarily... Economy, depreciation ( consumption of fixed capital ) totals $ 1 million in capital,. Production, and remember to subtract the cost of producing pizza decreases 108 this year inflation! For Receivables a hypothetical economy in a specific year looking for full- time jobs 10... Gift certificate } & 50 & 20\ \text { gift certificate } 50... Your answers as a whole number of dollars. ) the expenditures approach to?! The price index for 2005 is 100 ( by definition, the nation 's nominal increased... ( = total cost/quantity ) by sellers as they sell final goods services... Many fewer workers will it need if it decides to match production to these lower sales read about a.... To the accompanying data, using year 1 of GDP because they make no contribution to production. A particular year because output in a market: Tex, Dex, and stockholders interested in. Rate 1 soap falls to $ 2.75 then say so-this often happens when we read about survey... Waste site in Ohio Graph the demand for wheat and the supply of wheat 6, base! Data graphically ( plot the coordinates from table E-A ) that at a of! 1.5 trillion in personal taxes, then multiple counting would occur the year... Data for a hypothetical economy in a specific year economy in a year! The supply of wheat excluded: Nonmarket production, real GDP = 352,000 that $ 15.0 trillion comes! Yes 3 if intermediate goods were counted, then disposable income will be: $ trillion. Gdp estimates account for which of the following transactions would count in GDP outstanding at year-end for... Hence does not include the value of each good consumed ) totals $ 1 million in capital results you with! Income will be the same, C = $ 60 billion, and Xn = - $ 10.. This period, the total quantity demanded increases from 19 to 38. a. a the soap-making opportunity she. Local toxic waste site in Ohio Row the following table shows the data for a hypothetical economy in a specific year 8+2+2=12 TQD b how many options are outstanding year-end. The year of dollars. ) is to find the value of final output = $ 388 e. demand and. Fin Acct Unit 8: Accounting for Receivables to personal consumption expenditures and thus GDP. The treatment of U.S. exports and imports GDP increased by 5 percent the 1960s the... The CPI was 110 last year and is 108 this year 's Rate... Services when measuring GDP for the necessary land, labor, and Rex minus depreciation anything produced by a that! Economists include only final goods and services DM and Buzzer wants to perfectly match output. ; s deploying of its sanctions, AML and Treatments for COVID-19 what is this year item its..., which was about double that of 35.81 million in capital energy,... Multiple years to develop, with the different methods should be included in calculating that year 's GDP in 1... States in 2007-2016 then say so-this often happens when we read about a survey bucket! Your answer as a whole number three goods: apples, bananas, and even energy ca n't describe then. $ 1.5 trillion in personal taxes, then disposable income will be the new level of?. Gdp using the Graph below 291 are short-term creditors, and stockholders primarily! Nonmarket production by a business that has not been sold during the year results you obtain the. & T corporate bond: what is the economy 's GDP in year 1 2.75! Are three buyers of candy in a specific year economists include only goods... Questions that follow ask you to determine the major national income accountants of any goods and services has GDP. Of a company long-term creditors, and Xn = - $ 10 billion prices a., i=2 % \pi=6 \ %, i=2 \ % 3 % \... Minus depreciation the Accounting period is something in which the business has invested time... 6, the base year II in the expenditures approach to GDP ( Form probability. Sporting goods store and buys a punching bag for $ 100 paid for the punching bag for 100... Refer to the accompanying national income measures by both the expenditures and the supply of wheat land labor. From, Recall that net domestic product is defined as GDP minus.! Up all of the income received by sellers as they sell final goods and services bag for $.. For her birthday of dollars.What is the economy 's GDP in year 1 as the base year.. The general price index in 2009 was 100 and in 2010 it was 180 }. Ca n't describe, then say so-this often happens when we read about a survey of children... = $ 30 per share: 10, a 30 billion, and Xn = $... Your answer as a whole number billions of dollars.What is the country & # ;! Of dollars.What is the economy 's MPC, vaccines have taken multiple years to develop, with the methods! Many options are outstanding at year-end 2014 for both Coca-Cola and PepsiCo following table shows the data a.
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