A country produces only one good. It produced 5,000 units of the good during Year 1 and 6,000 units of the good in Year 2. The price of each unit of the good in Year 1 was $280 and it was $320 in Year 2. Suppose Year 1 is taken as the base year for the calculation of GDP. Part 1(1 point) Refer to the scenario above. The real GDP of the country in Year 1 was $ Part 2(1 point) Refer to the scenario above. The nominal GDP of the country for Year 2 was $ Part 3(1 point) Refer to the scenario above. Real GDP of the country has grown by %. Part 4(1 point) Refer to the scenario above. The GDP deflator for Year 2 is . (round first decimal place)

Which of the following differentiates cost accounting and financial accounting? a. the primary users of cost accounting are the investors, whereas the primary users of financial accounting are the managers. b. cost accounting measures only the financial information related to the costs of acquiring fixed assets in an organization, whereas financial accounting measures financial and nonfinancial information of a company's business transactions. c. cost accounting measures information related to the costs of acquiring or using resources in an organization, whereas financial accounting measures a financial position of a company to investors, banks, and external parties. d. cost accounting deals with product design, production, and marketing strategies, whereas financial accounting deals mainly with pricing of the products.