Cupola fan corporation issued 8%, $470,000, 10-year bonds for $459,000 on june 30, 2018. debt issue costs were $2,200. interest is paid semiannually on december 31 and june 30. one year from the issue date (july 1, 2019), the corporation exercised its call privilege and retired the bonds for $465,000. the corporation uses the straight-line method both to determine interest expense and to amortize debt issue costs. required: 1. to 4. prepare the journal entry to record the issuance of the bonds, the payment of interest and amortization of debt issue costs on december 31, 2018 & 2019, and the call of the bonds. (if no entry is required for a transaction/event, select "no journal entry required" in the first account field.)

5. real versus nominal gdp consider a simple economy that produces two goods: cupcakes and muffins. the following table shows the prices and quantities of the goods over a three-year period. year cupcakes muffins price quantity price quantity (dollars per cupcake) (number of cupcakes) (dollars per muffin) (number of muffins) 2014 2 115 5 175 2015 4 150 2 180 2016 1 100 2 160 use the information from the preceding table to fill in the following table. year nominal gdp real gdp gdp deflator (dollars) (base year 2014, dollars) 2014 2015 2016 from 2015 to 2016, nominal gdp , and real gdp . the inflation rate in 2016 was . why is real gdp a more accurate measure of an economy's production than nominal gdp? real gdp does not include the value of intermediate goods and services, but nominal gdp does. real gdp measures the value of the goods and services an economy produces, but nominal gdp measures the value of the goods and services an economy consumes. real gdp is not influenced by price changes, but nominal gdp is.