Purchase Solution

Total change in a year's GDP

Not what you're looking for?

Ask Custom Question

Problem caculate the total change in a year's GDP:

General Electric uses $10 million worth of steel,glass, and plastic to produce dishwashers. Wages and salaries in the dishwasher division are $40 million: the divisions only other expense is $15 million in interest that it pays on its bonds. The divsion revenue for the year is $75 million.

Purchase this Solution
Solution Summary

This provide the steps to caculate the total change in a year's GDP

Purchase this Solution
Free BrainMass Quizzes
Elementary Microeconomics

This quiz reviews the basic concept of supply and demand analysis.

Basics of Economics

Quiz will help you to review some basics of microeconomics and macroeconomics which are often not understood.

Pricing Strategies

Discussion about various pricing techniques of profit-seeking firms.

Economic Issues and Concepts

This quiz provides a review of the basic microeconomic concepts. Students can test their understanding of major economic issues.

Economics, Basic Concepts, Demand-Supply-Equilibrium

The quiz tests the basic concepts of demand, supply, and equilibrium in a free market.

View More Free Quizzes
Related BrainMass Solutions

  • Annual GDP Change

    This is the total change in the year's GDP. These are the guidelines for your posting. This solution calculates the total change in a year's GDP.

  • Real vs Nominal GDP: Sample Calculations With Explanations

    This year's inflation rate = (this year's Deflator - last year's Deflator)/(last year's Deflator) (To change to a percentage, multiply by 100) The table shows that real GDP grew faster in 2002 than it did in 2001, and the inflation rate decreased

  • Calcuating the Total Change in a Year's GDP

    65345 GDP Calculate the total change in a year's GDP: Tone Artists, Inc. produces 100,000 new White Snake CD's that it prices at $15 a piece. Ten thousand CDs are sold abroad, but alas, the rest remain unsold on warehouse shelves.

  • Nominal GDP, real GDP, rate of inflation

    Rate of inflation during the past year= 20% =150/125-1 The rate of change in the GDP deflator equals the rate of inflation The expert calculates nominal GDP, real GDP, rate of inflation.

  • year's GDP

    Thanks Calculate the totals change in a year's GDP in the case.

  • Total Change in GDP

    19639 Total Change in GDP I need some help with the following problem: Calculate the totals change in a year's GDP for each of the following scenarios: Remember old output is not calculated int he GDP only new output. a.

  • National income accounting and currency appreciation

    In calculating this year's GDP, national income accountants: exclude the price paid for a used computer by a college student Increases in stocks are not included in GDP. Repairs and pollution equipment do count.

  • real vs. nominal

    books use GDP Growth Rate = (Change in GDP)/(Average GDP) * 100 = (350/7175)*100 = 4.87% GDP Growth Rate is determined.

  • Business Math : Price Index, Dara Analysis, Return on Investment (ROI), Inventory and Expenses

    Find break-even sales in dollars. 3. Given: Selling price per unit, $30; total fixed expenses, $33,000; variable expenses per unit, $14.Find total sales in units to achieve a profit of $7,000, assuming no change in selling price. 4.

View More Related Solutions