Suppose that an economy produces only two types of goods. at a given year, it makes 70,973 units of good a which sells at $9 a unit and 64,928 units of good b which sells at $7 per unit. what is the nominal gdp of this economy for that year?

On july 2, year 4, wynn, inc., purchased as a short-term investment a $1 million face-value kean co. 8% bond for $910,000 plus accrued interest to yield 10%. the bonds mature on january 1, year 11, and pay interest annually on january 1. on december 31, year 4, the bonds had a fair value of $945,000. on february 13, year 5, wynn sold the bonds for $920,000. in its december 31, year 4, balance sheet, what amount should wynn report for the bond if it is classified as an available-for-sale security?