Sales Revenue of Firm X Was $10 Million in 2007

question 31

Short Answer

Sales revenue of firm X was $10 million in 2007. In 2010, the same firm reported higher sales revenue of $15 million. The producer price indices for 2007 and 2010 were 130 and 135.
A) Compute the nominal increase in sales revenue between 2007 and 2010.
B) Compute the real increase in sales revenue between 2007 and 2010.

• A) Compute the nominal increase in sales revenue between 2007 and 2010.
• B) Compute the real increase in sales revenue between 2007 and 2010.

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Definitions:

Nissl Stains

A staining technique used to highlight neuron cell bodies by staining the clusters of ribosomes and rough endoplasmic reticulum, aiding in the study of cytoarchitecture in the nervous system.

Dendrites

The branched extensions of a neuron that receive signals from other neurons and transmit them towards the cell body.

Electroencephalograph

A device used to record the electrical activity of the brain through electrodes placed on the scalp.

Hans Berger

The psychiatrist and neurologist best known for developing electroencephalography (EEG) for recording brain wave activity and discovering alpha waves.