Year Guns Produced Price of Guns Butter Produced Price of Butter 2009 80 $4 40 $3
2018 90 5 60 10
Consider the following data for Tyrovia, a country that produces only two products: guns and butter.
Real GDP for Tyrovia for 2018 using 2009 as the base year equals:.
A) $1,140.
B) $880.
C) $690.
D) $540.

$690

Explanation:

Tyrovia produces only two products which are guns and butter

In 2009, 80 guns were produced at $4 and 40 butter was produced at $3

In 2018, 90 guns were produced at $5 and 40 butter was produced at $10

Therefore the real GDP for Tyrovia in 2009 using 2018 as the base year can be calculated as follows

= $90×5 + 60×4

= $450 + $240

= $690

Hence the real GDP for Tyrovia is $690

answerproduct line length; product mix width;

match the scenarios with terms related to financial aid.

pell grant

student loan

merit-based scholarship

richard is one of the leading college basketball players in the state of florida. he also maintains a good academic record. looking at his talent and potential, furman university offers to bear the expenses for his college education.

arrowright

anita wants to pursue a certificate program in sports nutrition. to pay for the course, she borrows money by filing the fafsa.

arrowright

nathan comes from a low-income household. he wants to pursue an undergraduate degree in marketing. he receives financial aid covering 50 percent of his college expenses. nathan does not have to pay back this amount.

arrowright