You work for the Committee for Economic Evaluation in the small nation of Kinsdale. Your current job is to determine the country's gross domestic product in the past year. Being a very small country, the people only produce three things, which are listed in the table below. Good Quantity produced in the Price past year Bananas 40,000 $1.50 Hiking boots 10,000 $25 Roses 12,000 $4.00 Based on the data in the table, what is the GDP for Kinsdale? $

You work for the Committee for Economic Evaluation in the small nation of Kinsdale. Your current job is to determine the country's gross domestic product in the past year. Being a very small country, the people only produce three things, which are listed in the table below. Good Quantity produced in the Price past year Bananas 40,000 $1.50 Hiking boots 10,000 $25 Roses 12,000 $4.00 Based on the data in the table, what is the GDP for Kinsdale? $

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter3: Demand And Supply

Section: Chapter Questions

Problem 47CTQ: Agricultural price supports result in governments holding large inventories of agricultural...

See similar textbooks

Similar questions

Only typed answer
List a chart with Numbers of the Economic Lost of Wind turbines due to environmental Concern
Q Search this course File Edit View History Bookmarks Profiles Tab Window Help O a 2 ► (51) 哩流光 Gen Gen Gen Gen Den Ger G Got UN G rem G gro G cha X Ger G Cor + C ng.cengage.com/static/nb/ui/evo/index.html?deploymentId=6098931862022022377473583956&elSBN=9780357722909... ses lanylow... f古装-电视剧-爱壹帆 M Gmail Q YouTube Maps Pixlr E: Free Advan... Textures - Google... Pixlr E: Free Advan... Finish upda » All Bookm COME CENGAGE MINDTAP « Chapter 08 Homework Back to Assignment PROFILE ORDERS RENTALS COURSES V Study Tools Average/5 4. The Laffer curve Government-imposed taxes cause reductions in the activity that is being taxed, which has important implications for revenue collections. To understand the effect of such a tax, consider the monthly market for gin, which is shown on the following graph. Attempts College Success Tips Use the graph input tool to help you answer the following questions. You will not be graded on any changes you make to this graph. Note: Once you enter a value in a…
Agricultural price supports result in governments holding large inventories of agricultural products. Why do you think the government cannot simply give the products away to poor people?
Design a process chart for printing a short documenton a laser printer at an office. Unknown to you, the printerin the hallway is out of paper. The paper is located in a supplyroom at the other end of the hall. You wish to make five stapledcopies of the document once it is prin ted. The copier, located nextto the printer, has a sorter but no stapler. How could you makethe task more efficient with the existing equipment?
Help please 3
Green Gardens Berry Farms is facing some harvesting decisions in order to decide how many tons berries to harvest and supply to local markets. They face the following situation: Their FIXED COSTS in terms of existing harvesting tools, land rents, etc. is: $20 Their main variable cost is to hire farmworkers, whom they must pay as per the region's minimum living wage laws at $15 per worker hour. They are able to coordinate production given their existing infrastructure at the following cost structure. Berry harvests are measured in Metric Tons harvested per worker hour. Green Gardens Berry Farm Quantity of Farmworker (quantity in metric tons harvested)|hours needed for Harvest 13 2. 114 20
GDP 10000 9500 9000 8500 8000 7500 7000 6500 6000 5500 5000 4500 4000 3500 3000 2500 2000 1500 1000 500 0 Hypothetical Timeless Economy Cons Imports Savings Taxes1 Investment Govt 6500 2000 6200 1900 5900 1800 5600 1700 5300 1600 5000 1500 4700 1400 4400 1300 4100 1200 3800 1100 3500 1000 3200 900 2900 800 2600 700 2300 600 2000 500 1700 400 1400 300 1100 200 800 100 500 0 c) 7500; 3/5 d) 8500; 3/4 1600 1500 1400 1300 1200 1100 1000 900 800 700 600 500 400 300 200 100 0 a) 8000; 1.25 b) 8500; 1.333 c) 8500; 1.666 d) 10,000; 4.1666 -100 -200 -300 -400 1900 1800 1700 1600 1500 1400 1300 1200 1100 1000 900 800 - 700 600 500 400 300 200 100 0 -100 900 900 900 900 900 900 900 900 900 900 900 900 900 900 900 900 900 900 900 900 900 1. The stable equilibrium when Government Spending is equal to 2100 billion is, a) 7000; 1/2 b) 7500; 2/5 2100 2100 2100 2100 2100 2100 2100 2100 2100 2100 2100 2100 2100 2100 2100 2100 2100 2100 2100 2100 2100 GovtSp2 Exports Tots Spending1 Total Spending2 1000…
EGR 116 Project 2 Controlling Motor Speed - Word Mason B. Wohlfeil sign Layout References Mailings Review View O Tell me what you want to do Help - A A Aa- A E-E'E- E AaBbCcDdE AAB6CCL AaBbC AaBbCcI AaBbCc] AaBbCcC AaB AaBb- x' A - ay - A- 1 Caption Emphasis Heading 1 1 Normal Strong Subtitle Title 1 No Sp nt Paragraph Styles TUse the table below to answer the following questions. Assume that fixed costs are $100 and labor is paid $80 per unit (employee). MP AP FC VC TC ATC AVC AFC MC 1 15 3 25 4 40 5 45 6 48 7 50 Complete the table. a) Graph ATC, AVC, AFC, and MC. w] lyp
need the anwser asap. thank you
describe fertilizer/ what it is used for, etc
ChatGPT efe-5535-4186-8898-a97f30902ebc + utomatically save as you proceed through the test. Question 13 11/42 answered Ō Time Remaining: 39m Answers are saved Hide 19s automatically Which points represent a production level that could be economically efficient? Select all that apply. [Image description: The graph below shows the production possibilities frontier for sedans and convertibles. Vertical axis is thousands of sedans and horizontal axis is thousands of convertibles. There are four points on the graph, labelled A through D. Point A is inside the PPF. Points B and C lie on the PPF at different positions. Lastly, Point D is outside of the PPF.] Thousands of sedans 12 D 10 B 8 6 T 2 C A 0- 0 2 4 6 8 10 12 Thousands of convertibles Selected answer will be automatically saved. For keyboard navigation, press up/down arrow keys to select an answer. a A Q Search 口 9: 6/7