Assume that there are two goods, A and B. In 2001Americans produced 10 units of A at a price $10 and 20 units of B at a price of $20. In 2007Americans produced 30 units of A at a price of $20 and 30 units of B at a price of $40. The Nominal GDP for 2007 is

Answers

Answer 1

Answer: $1,800

Explanation:

Nominal GDP in 2007 is the market value of the final goods and services produced in the country in that year.

= (30 * 20) + (30 * 40)

= 600 + 1,200

= $1,800


Related Questions

What is an economic system based on private property and free enterprise called

Answers

Answer:

Capitalism is generally considered to be an economic system that is based on private ownership of the means of production and the creation of goods or services for profit by privately-owned business enterprises.

The Tennessee Valley Authority or TVA was a New Deal program which put people to work
A.
in schools, hospitals, and libraries.
B.
building dams, bridges, and roads.
C.
maintaining the nation's forests.
D.
constructing public buildings.

Answers

Answer:

B. building dams, bridges, and roads.

Explanation:

The Tennessee Valley Authority or TVA was a New Deal program which put people to work building dams, bridges, and roads.

The Tennessee Valley Authority was a corporation owned by the federal government of the United States of America and was established on the 18th of, May 1933.

Air pollution in the United Kingdom causes other environmental issues. Which country is affected and what is the environmental issue?
A.Ukraine; Nuclear Fallout
B.Germany; Acid Rain
C. France; Water Pollution
D.Poland; Soil Contamination

Answers

A. Ukraine with the nuclear fall out

In a monarchy, who has the legitimate power to rule?
A. The church leaders
B. The media
C. The people
D. The kings

Answers

Answer:

D. The Kings

Explanation:

Which law banned Chinese workers from entering the United States for 10
years?
OA. The Foreign Miners Act
OB. The Naturalization Law of 1790
OC. The Chinese Exclusion Act
OD. The Chinese Immigration Act

Answers

The law that  banned Chinese workers from entering the United States for 10 years is: C. The Chinese Exclusion Act.

What is the Chinese Exclusion Act?

The Chinese Exclusion Act was an act created by the United States of America and the act was signed by the former president of the United State which is Chester A. Arthur .

The main aim of this act was to banned or prohibit the Chinese workers from entering the United states and the banned lasted for 10 years.

Therefore the correct option is C.

Learn more about Chinese Exclusion Act here:https://brainly.com/question/513896

#SPJ1

Ancient Chinese civilizations thought they lived at the center of the world because _____.

they had no knowledge of civilizations in India, Egypt, Greece, or Rome

they called themselves the people of Middle Earth

China’s rivers allowed civilizations to spread along the Huang River

destructive floods brought life and death to the people of China

Answers

Answer:

Correct answer is they called themselves the people of Middle Earth .

Explanation:

First option is not correct as they knew about the existence of this civilizations, especially the Indian, as they have traded with them a lot.

Second option is correct as they believed they were living in the center of the world, and that the natural barriers are dividing them from the rest of the world.

Third option is not correct as the Huang River was were the civilization developed.

Last option is not correct as this has nothing to do with their beliefs about their location.

All countries in Western Europe have a level of development that is considered __________.

Answers

Answer: is b

Explanation:

i did okay

Answer:

A

Explanation:

got it right

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TAKE MY LOAF YOU BEAUTIFUL HUMANS!! (っ • ₃ • )っ❤❤

Image courtesy of NASA The islands located at number 1 on the map above are the __________ Islands, and the islands located at number 5 are the __________ Islands. A. Falkland . . . Guiana B. Guiana . . . Galápagos C. Falkland . . . Galápagos D. Galápagos . . . Falkland Please select the best answer from the choices provided A B C D Ma

Answers

Answer:

i gottu its DDDDDD

Explanation:

(100 points)!!!!

You just watched a video in which President Obama announces his plan for financial regulatory reform.

According to President Obama, what are the reasons for the financial crisis?

Answers

Answer:

to explain what his plans were

Explanation:

Answer:

President Obama indicates that there are several reasons for the financial crisis. According to the president, one reason is irresponsible practices by financial institutions. The amount of risk involved in newly created investments was high, and few investors or consumers understood this. These types of investments were made possible due to a lack of regulation within the system.

Explanation:

Place a checkmark next to each situation that might cause an economic slowdown.

Answers

2,3,5,6 i believe is the answer

Why is an ecosystem considered "delicate"?

Answers

Answer:

High rate of species turn over or population characterize fragile ecosystem and vice versa. An essential of this work is the identification of species communities or ecosystem are mostly likely to be damaged or become extinct because of human activities.

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What Is The South Pass?
A: Narrow Path in The Sierra Nevada mountains
B:Trail Used By Mountain Goats in the winter
C:twenty mile wide path in the rocky mountains
D: UnderGround Trail from Colorado to mexico

Answers

Answer: C

Explanation:

This explanation might help: The South Pass was the doorway through the Rockies for emigrants on the Oregon Trail. First discovered in 1813, then rediscovered by the mountain man Jedediah Smith in 1824, it was vital to transcontinental travel until the completion of the railroad in 1869.

(BRAINLYIST AND 10 POINTS!) who is one foreign ally who supported the American colonists

Answers

Answer:

France the Netherlands and Spain were some of the countries that helped the early American Colonies

Explanation:


When a country chooses to limit the kinds of goods or services it produces, it is practicing
absolute advantage.
globalization.
dependency
specialization

Answers

Answer:

d

Explanation:

In international trade, Specialization is when a country chooses to limit the kinds of goods or services it produces.

What is international trade?

International trade is the exchange of goods and services as well as capital across international borders or between countries.

In international trade, countries benefit from each other by obtaining goods and services which they can not produce from other countries.

One practice in international trade is Specialization.

Specialization in international trade is when a country chooses to limit the kinds of goods or services it produces.

Learn more about specialization at: https://brainly.com/question/13663678

What do you mean by religious ritual?​

Answers

Answer:

I draw a pentagram lay out the human sacrifices body and invite a sprit into their body and the body acts as a vessel.

Explanation:

The Triangle Trade between Europe, Africa, and the Americas was part of
the:
O point
Columbian Exchange
Indian Ocean Trade
Great Pilgrimage
Enlightenment

Answers

Answer:

Columbian exchange

Explanation:

in which place of nepal deuda dance practice​

Answers

Answer:

Far western of nepal like kanchanpur, doti, bajang

Which of the following is equal to the absolute value of 7?

A. the distance between 1 and 7 on a number line
B. the distance between -3 and -4 on a number line
C. the distance between - 7 and 7 on a number line
D. the distance between 7 and zero on a number line
ОА
Oo

Answers

The answer is b
-7 minus 7 is zero showing that they have the same absolute value

The three steps governments follow to create public policy are
O identifying a problem, publicizing a plan, and implementing policy.
O identifying a problem, developing a plan, and referring it to Congres.
O idenitifying a problem, feferring it to Congress, and developing a plan.
O identifying a problem, developing a plan, and implementing policy

Answers

Answer:

The answer would be D identifying a problem, developing a plan, and implementing policy

Explanation:

Identify the problem such as a law that needs to be put in place, then they develop a plan in how that law might work, once that's all said in done the majority rules and the law may or may not be passed.

Have a great day

Which Supreme Court ruling said that blacks could not become citizens of
the United States?
A. The Fourteenth Amendment
B. White supremacy
C. Indentured servitude
D. The Dred Scott decision

Answers

Answer:

Answer:-The Dread Scoot Decision

What did the United States do in 1863 that caused violent conflict with the Nez Perce?

They began to auction off Nez Perce lands to the highest bidders.
They asked some Nez Perces to give up lands occupied by other Nez Perces.
They attacked Nez Perce tribes to allow settlers access to gold on tribal lands.
They entered Nez Perce land to educate tribal children in American ways.

Answers

Answer:

b i think

Explanation:

sorry if im wrong

What are the purposes of canals? Choose three correct answers. to improve transportation to supply water for farming to add land to use for farming to create a barrier for defense to provide drinking water

Answers

Answer:

to improve transportation

to supply water for farming

to provide drinking water

The movement of continents has affected weather patterns by
a. separating the continents
b. creating mountain ranges
C. changing the location of the continents
d. all of the above
Please select the best answer from the choices provided

Answers

Answer:

A. separating the continents.

Explanation:

Answer:

the answer is D all of the above

Explanation:

trust me bro

PLS HELP
What are your responsibilities at home and at school? Write and explain
briefly ; any two points each.

Answers

Answer:

Both in school and at home my responsibilities are related to my own experience as well as those who I love and care about me.

Explanation:

At school, my main responsibility is to graduate. That means a great amount of effort and is not only something I do or myself but also something my family expects of me so I can become independent, have a good future on my own, and be able to support those who might need it in the future.

I also have a responsibility towards my peers. Every group project we have to do takes commitment to our own career but also that of our future colleagues.

At home, my responsibilities are related to dealing with my own existence, cooking, and cleaning after myself. Taking out the garbage every night. I cook a meal for my entire family once a week, as we all do. And I don´t only do these things because is a good personality trait, but because it´s important for all of us to live happily together.

Answer:

at school u help ur teacher because it is a burden for her

Explanation:

at home help mom cook it takes time

What is one way to try to solve an Internet access problem?

clearing items from the cache
running an anti-virus program
inspecting the power cord
uninstalling the software

Answers

Answer:

A

Explanation:

took the test

Answer:

Thee answer is A

Explanation:

what is the functions of lysosomes ?​

Answers

Answer:

Lysosomes are spherical, membrane bound organelles that are generated by the golgi apparatus. They contain hydrolytic enzymes, and so function as part of the recycling system of the cell.

According to Adams, what were Jackson’s supporters? Check all of the boxes that apply.
ignorant
heroes
idealistic
independent

Answers

Hi, the answer is
A. Ignorant!

Answer:

ignorant  and idealistic

Explanation:

Which of the following would not be recorded in the entry for the formation of a partnership?a) Accumulated depreciationb) Allowance for doubtful accountsc) Accounts receivabled) None of the above

Answers

Answer:

None of the Above.

Explanation:


2. a. Describe What are the factors of production?

Answers

Answer:

Factors of production are the resources people use to produce goods and services; they are the building blocks of the economy. Economists divide the factors of production into four categories: land, labor, capital, and entrepreneurship.

Explanation:

In scouring new information surrounding a topic, this is one of the first things to search for.? what is the answer of this?

Answers

Answer:

The first thing to do before searching for the answer is understanding the question so that you know what to search for and what to type in the search bar! So the search strategy is to first understand the question.

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