22. Consider year 1 as the base year. If the # of goods in a Year 3 = 300 and 1 point the price per good in year 3 = $7, what is the REAL GDP in year 3? *
Nominal GDP - Current Production x Current Price
Real GDP = Current Production x Base Year Price
Example:
Year 1
Year 2
# of goods
100 goods
X
Price per good
$5 per good
$6
Nominal GDP
$500
$1,200
Real GDP
$500
$1,000
200
X
=
$1,000
$1,500
$2,100

Salt corporation's contribution margin ratio is 78% and its fixed monthly expenses are $30,000. assume that the company's sales for may are expected to be $89,000. required: estimate the company's net operating income for may, assuming that the fixed monthly expenses do not change.

Asmartphone manufacturing company uses social media to achieve different business objectives. match each social media activity of the company to the objective it the company achieve.

Your subscription to investing wisely weekly is about to expire. you plan to subscribe to the magazine for the rest of your life, and you can renew it by paying $85 annually, beginning immediately, or you can get a lifetime subscription for $620, also payable immediately. assuming that you can earn 6.0% on your funds and that the annual renewal rate will remain constant, how many years must you live to make the lifetime subscription the better buy?