YEAR 1996 YEAR 1997Types of goods OUTPUT PRICES OUTPUT PRICESBurgers 100 $5 150 $8Milk 150 $4 250 $5Shoes 10 $20 8 $30Calculate the Nominal GDP for the year 1997.Calculate Real GDP for the year 1997 using 1996 as the base year. Calculate GDP deflator for the year 1997 using 1996 as the base year.

a recipe serves 8 people, and calls for 5 lbs of apples and 2 cups of flour. you want to prepare it for 24 people. divide 24 by 8 to get 3, and then multiply your ingredients by 3.

so for 24 people, you'll need 15 lbs of apples, and 6 cups of flour.

107x106 is the answer

answer: in the short-run firms will respond by raising the price of turkey.

explanation: initially the long-run equilibrium is at a price of $5 per pound of turkey and a quantity of 50 million pounds per year. now, when webmd claims that a protein found in turkey will increase your expected lifespan by 4 years. the consumers demand for turkey will increase at every price shifting the demand curve to the right from d1 to d2. while, there will be no change in the supply curve in the short-run as it is not possible for producers to adjust supply so quickly. as a result the new equilibrium will occur at a higher price and a higher quantity of turkey.

thus, in the short run firms will respond by increasing the price of turkey, selling more quantity at a higher price and earning economic profits.