2. Based on the table below: (3 points) Year

2015

2016

2017

Price of bread

1$

1.5$

3$

Quantity of bread

1000

1500

1800

Price of corn

10$

12$ 8$

Quantity of corn

200

400

500

a) Compute nominal GDP, real GDP, and the GDP deflator for each year, using 2015 as the base

year.

Basics of Business and Economics

Quiz N3

b) Compute the percentage change in nominal GDP, real GDP, and the GDP deflator in 2017

from the preceding year. c) Did economic well-being rise in 2017 compared to previous year? Explain.​

Chip wilson has hired goldman sachs, an investment banking company, to assist him with a hostile takeover of lululemon. wilson's goal is to hire a new board of directors because he believes there is a need for a more long-term focus. goldman sachs is a proven firm at making a profit in every move that they make. if the hostile takeover does not pan out, what could be another motive for investors?

Required prepare the necessary adjusting entries in the general journal as of december 31, assuming the following: on september 1, the company entered into a prepaid equipment maintenance contract. birch company paid $3,400 to cover maintenance service for six months, beginning september 1. the payment was debited to prepaid maintenance. supplies on hand at december 31 are $3,900. unearned commission fees at december 31 are $7,000. commission fees earned but not yet billed at december 31 are $3,500. (note: debit fees receivable.) birch company's lease calls for rent of $1,600 per month payable on the first of each month, plus an annual amount equal to 1% of annual commissions earned. this additional rent is payable on january 10 of the following year. (note: be sure to use the adjusted amount of commissions earned in computing the additional rent.)

Which of the following are considered needs? check all that apply