Loading...

Messages

Proposals

Stuck in your homework and missing deadline? Get urgent help in $10/Page with 24 hours deadline

Get Urgent Writing Help In Your Essays, Assignments, Homeworks, Dissertation, Thesis Or Coursework & Achieve A+ Grades.

Privacy Guaranteed - 100% Plagiarism Free Writing - Free Turnitin Report - Professional And Experienced Writers - 24/7 Online Support

ECON 104 Homework 2 Answer (Penn State University) version 2020

02/10/2020 Client: murugan Deadline: 7 Days

Use the information below to answer questions 1-6 Consider an economy that produces only two goods: fresh apricots and dried apricots. In this economy, the technology of producing dried apricots is to place fresh apricots on special racks and allow them to dry in the sun. Fannie's Farms is the only company that grows fresh apricots, while Darryl's Dried Victuals is the only producer of dried apricots. Fannie's sells some of its apricots directly to consumers for consumption. The relevant revenue and cost information for each of the two firms in the economy is given below: 


Darryl's Dried Victuals Revenue from selling dried apricots: Cost of buying fresh apricots from Fannie's: Interest on funds borrowed to buy drying racks: Wages paid to employees Taxes $2,750,000 1,800,000 200,000 550,000 90,000 Fannie's Farms Revenue from selling fresh apricots: Rent on land (including apricot trees) Wages to employees Taxes $2,350,000 400,000 1,100,000 180,000 Darryl's profit from selling dried apricots is: $5,390,000 $110,000 None of these are correct $150,000 $670,000 Fannie's profit from selling fresh apricots is: $4,030,000 $110,000 $670,000 $300,000 None of these are correct 


Question 3 3 pts Use the income approach to calculate nominal GDP. Fill in the blanks in the table below. Enter numbers with no commas, no dollar signs and no decimals. For example, if your answer is $12.000 you would enter 12000 into the appropriate box. a. Total wages b. Interest c. Rent d.Total profit* 780000 e. Total taxes f. Nominal GDP =(a+b+c+d+e) "hint: get total profit by adding your answers for #1 and #2! 


Now let's use the expenditure approach to calculate nominal GDP. So here we will add up all consumer spending on FINAL goods in this economy. Remember that the final goods in this economy are fresh apricots and also dried apricots. We have to be careful not to double count here though because some of the fresh apricots produced by Fannie are used by Darryl to make dried apricots. So first we find out how much money consumers spent on each of the final goods: How much money was spent by consumers on Fannie's fresh apricots? $800,000 $550,000 None of these are correct $2,750,000 $2,300,000 


Question 5 3 pts How much money was spent by consumers on Darryl's dried apricots? None of these are correct $2,300,000 $2,750,000 $800,000 $550,000 


Question 6 3 pts Now we are ready to calculate nominal GDP using the expenditure approach. Add up your answers for #4 and #5. What is nominal GDP calculated using the expenditure approach equal to? $3,550,000 $3,100,000 $5,100,000 $3,300,000 None of these are correct


Total 36 Questions (UPDATED 2020)

Homework is Completed By:

Writer Writer Name Amount Client Comments & Rating
Instant Homework Helper

ONLINE

Instant Homework Helper

$36

She helped me in last minute in a very reasonable price. She is a lifesaver, I got A+ grade in my homework, I will surely hire her again for my next assignments, Thumbs Up!

Order & Get This Solution Within 3 Hours in $25/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 3 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

Order & Get This Solution Within 6 Hours in $20/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 6 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

Order & Get This Solution Within 12 Hours in $15/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 12 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

6 writers have sent their proposals to do this homework:

Top Grade Tutor
Study Master
Solution Provider
High Quality Assignments
Financial Hub
Instant Assignments
Writer Writer Name Offer Chat
Top Grade Tutor

ONLINE

Top Grade Tutor

I am highly qualified expert, working from 2008-9 in this industry. I have all relevant skills and expertise related to your project. To ensure my potential must visit my profile to check my ratings and uploaded samples. Thanks :--)

$15 Chat With Writer
Study Master

ONLINE

Study Master

I can manage this work as per your requirements. Lets discuss on chat about more details. I am an MBA writer with 5 years of experience and can deliver quality content even too Short Deadlines. I can write 3000 to 4000 words in a day. I will deliver A+ quality work without Plagiarism at less price and time. Lets discuss more over the chat. Thanks

$10 Chat With Writer
Solution Provider

ONLINE

Solution Provider

I am an experienced writer who will be able to create the quality articles/blogs that you require for your website. My work is compelling enough that I am immediately able to engage the interest of the reader. I do not need much in the way of assistance; all you have to do is give me a title or topic. I include embedded hyperlinks as a standard feature in all my articles/blogs. I can also use SEO keywords if provided without any extra cost. No matter what the topic is, your articles/blogs will be entertaining and immensely readable. I take immense pride in my professionalism and ghost-writing technique. Thank you,

$30 Chat With Writer
High Quality Assignments

ONLINE

High Quality Assignments

With an extensive experience of over 10 years of writing and editing, I promise to meet or exceed your expectations. The days of automated, copied, plagiarized, and unethically optimized content are long gone. Today, you need engaging, well-researched, and optimized content that serves your SEO purpose and boosts your website ranking in the search engines. Not only this, you need EXCELLENT content that leaves a lasting impression on prospective customers and gives you an edge over the competition. This is exactly what I do.

$30 Chat With Writer
Financial Hub

ONLINE

Financial Hub

Hey, I have gone through your job posting and become very much interested in working with you.I can deliver professional content as per your requirements. I am a multi-skilled person with sound proficiency in the English language for being a native writer who worked on several similar projects of content writing and can deliver quality content to tight deadlines. I am available for both online and offline writing jobs with the promise of offering an incredibly responsive and supreme level of customer service. Thanks!

$30 Chat With Writer
Instant Assignments

ONLINE

Instant Assignments

Good day dear client, I am a full-time freelance writer with years of experience. My strongest strengths are strong dedication to duty, reliability, quality and excellence. I am going to do an outstanding job for you, kindly PM me and let us commence. Thank you so much in anticipation of your positive response. Thank you very much.

$30 Chat With Writer

Let our expert academic writers to help you in achieving a+ grades in your homework, assignment, quiz or exam.

Similar Homework Questions

Palo alto active directory - Bia la tirana lyrics - Does anyone have access to IELTS checking account for an institution from BRITISH COUNCIL - Berserk volume 13 download - Criminal justice : Sexual Orientation - Dialysis membrane is permeable to sucrose - Horizontal stabilizer trim actuator - Surah lower gwynedd township pa - Daisy marquez haunted apartment address - Group f/64 and Imogen Cunningham - SOCIAL WORK Blog Week 7 - East tamaki auckland postcode - Energy dissipation in hydraulic jump - Eagle peacock dove owl - Ethics. - Approved b double routes queensland - Assignment 1.2: A Changing World Final Paper - 16 bejar street schofields - Http www hhmi org biointeractive virus explorer - Biogeochemical cycles stations activity - Page 86 big book - 84 days equals how many weeks - Gcu apa style guide - 10 questions on trigonometry. - Week 3 com - Business erp system - A difficult pregnancy a nurse practitioner looks for answers - Steps for determining a ms drg - Weather station model practice answers - ) Discuss the extent to which the IASB conceptual framework satisfies the above definition of fairness in Leonard’s comment above. (40 Marks) b) Discuss the extent to which the above criticisms could be justified by reference to specific International Financial Reporting Standards. - Market appeal robusticity matrix - Jørgen vig knudstorp net worth - Which of the following differentiates introverts from extraverts - Falmer to east croydon - Https www cato org publications commentary why wall wont work - EDU651 Assignment 1 week 5 social networking a letter of request - SOC Ch 8 - L estrange v graucob - Week-15 - Boomer versus Millennial - Is pos a gatekeeper or open access - Quieren ustedes patinar en línea con nosotros - Metaphors in song lyrics 2012 - What is the dollar effect of the year-end bad debt adjustment on the before-tax income? - ITEC 8030 Project 1 - Http time com 8515 hungry planet what the world eats - Anbessa shoes company profile - Econ assignment 12 hrs - Beware do not read this poem theme - Risk Assessment Paper - Assignment - La haine character descriptions - Basic grammar rules ppt - Reflection and Discussion Forum Week 9 - How to lodge tfn declaration online - Ccna 200-301 exam questions pdf - What does the net change in the potato sample indicate - Acid base titration discussion - Cloud computing concepts technology & architecture epub - Ethical decisions - Full sail online login - Animal cell membrane color - 4th grade book report - Oraganization leadership - Leddy and peppers professional nursing - West's business law 14th edition pdf - Po9 1 it risk management framework - Wiley excel 2016 bible pdf - What is the root cause of human problems cwv - Respiratory - Class d amplifier noise - Case scenarios grocery inc presentation - Solution focused therapy session transcript - Communication mosaics an introduction to the field of communication - Articulate your understanding of race, race relations, and racism as it relates to these incidents. - Pups in peril groves texas - What are the two types of scba - Arbitration multiple choice questions - Leadership Responses - How do you spell competition - D-3 - Walmart joint venture in china - Mha/ 516 DQ - Point loma nazarene university essay prompt - Huston smith world religions pdf - Student exploration collision theory gizmo answer key - Example of a skills audit - Final Retrospective Research Proposal - List and define the five components of physical fitness - Political arguments for government intervention in international trade - Accommodators deal with conflict by - How can policies and procedures facilitate good strategy execution - Approaches to social enquiry - 2 point perspective worksheet - Chapter 5 writing assignment - Great gatsby chapter 9 summary - Written-off vehicle inspection qld - Socializing with colleagues in nursing - Apple financial statement analysis project - Handle Your Academic Burden With Ease