In the United States in 2007 , real GDP was $ 14 comma 029 billion and the GDP price index was 103.2. What is the value of nominal GDP in 2007 ?

The value of real GDP in 2007 is $ __ billion.

The Darwin Company reports the following information: Sales $76,500 Direct materials used 7,300 Depreciation on factory equipment 4,700 Indirect labor 5,900 Direct labor 10,500 Factory rent 4,200 Factory utilities 1,200 Sales salaries expense 15,600

The number of units expected to be sold is uniformly distributed between 300 and 500. If r is a random number between 0 and 1, then the proper expression for sales isa. 200 (r) b. r + 300c. 300 + 500 (r) d. 300 + r (200)

Suppose that you are on a date with an economics major, and you want to impress them by talking about economics. Your date challenges you to state your knowledge of positive and normative questions.

At the end of the year, what's the total value (AFTER FEES) of Adrian's mutual fund?

Paula agrees to act as rick's agent in settlement negotiations with an insurance company. paula works out a profitable compromise for rick, but deposits the insurance company's payment in her own account and refuses to give it to rick.

Explain how each of the following relates to the financial crisis of 2007-2008:  Declines in real-estate values.  Subprime mortgage loans.  Mortgage-backed securities.

Which assumption or principle requires that all information significant enough to affect decisions of reasonably informed users should be reported in the financial statements? Going concern. Historical cost. Full disclosure. Matching.

It is evident that the nation is experiencing a recessionary gap when potential output is less than aggregate output. potential output is decreasing at a rate greater than aggregate output is increasing potential output is decreasing.

This part of organizational design identifies reporting relationships and how they flow from the top to the bottom of the organization.

What is a possible negative aspect of economic growth? a. Increased trade B. Increased population C. Increased standard of living D. Increased pollution