answersLogoWhite

0

it is $ 171

User Avatar

Wiki User

15y ago

What else can I help you with?

Continue Learning about Economics

How much does crude oil cost?

This is much in the news and seems to increase every week. At present about $135 per barrel


Henry's wage is £450 per week.He spends 2/5 of his wage on food.30% goes on the household bills and the rest is saved.How much does Henry save each week?

If he spends 2/5 of his £450 on food, then he spends (450*2)/5 = £180 a week on food. 30% for bills means he spends 450 * 0.3 = £135 on bill. So the savings is 450 - 180 - 135 = £135 left over than he saves each week.


How can nominal GDP increase even though real GDP falls?

Primarily this happens because of increase in prices. Nominal GDP= GDP using current prices. Real GDP= GDP that takes prices changes into account. Let me give a very simple example, let's say: In year 1, the country produced 10 computers for 10 dollars each. So GDP for year 1= $100 In year 2, the country only produced 9 computers for 15 dollars each. So GDP for year 2 = $135 (9x15) In year 2,the nominal GDP has increased from $100 to $135. However, we measure real GDP using a base year, in this case year 1, so we use the price of year 1 to find the real GDP for year 2. Using prices of year 1 we have: 9 computers x $10 each = $90 of real GDP. Finally, you see that even nominal GDP for year 2 was $135, the real GDP was $90.


Industrial production index was 135 what does this production mean?

An increase of 35%. The index base is 100.


What is the cropping intensity of India?

cropping intensity is the ratio of GROSS SOWN AREA / NET SOWN AREA Multiplied by 100. Presently SO it is presently 134-135