An economy produces 10 cookies in year 1 at a price of $2 per cookie and 12 cookies in year 2 at a price of $3 per cookie. From year 1 to year 2, real GDP increases by a. 80 percent. b. 70 percent. c. 20 percent. d. 50 percent.
Answers
From year 1 to year 2, the real GDP of the economy increases by 20%.
Gross domestic product is the total sum of final goods and services produced in an economy within a given period which is usually a year.
Real GDP is GDP calculated using base year prices. Real GDP has been adjusted for inflation. It reflects the value of goods and services produced in an economy.
Given the produced cookie in 1 year at price $2 cookie and 12 cookies in year 2 at a price of $3 per cookie.
Now we know ,
GDP in year 1 = 10 x $2 = 20
Real GDP in year 2 using year 1 prices as base price = 12 x $2 = $24
Therefore,
Increase in real GDP = (24 / 20) - 1 = 20%
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Related Questions
How can you create any elegant and artistic presentation of a cake or pastry considering the product and its container?
Answers
Learn advanced piping techniques. ...
Create stunning sugar flowers. ...
Add cake sculpting to your list of accomplishments. ...
Discover hand painting techniques.
In order to have more efficient supply chains, when the world becomes your market, what term has been used to describe how intermediaries are often critical to facilitate effective commerce?.
Answers
Global supply chains has been used to highlight how intermediates are frequently critical to promote effective commerce, which is important when the entire world becomes your market.
A Global supply chains is a network between a business, its suppliers, and its customers that includes all the transactions involved in turning raw materials into marketable items.
Activities, people, technology, information, and resources are all part of global supply chain networks. Sales, sourcing, procurement, production, logistics, and customer service, on the other hand, are among the functional teams that make up the company's network and are responsible for ensuring that customers receive the products they have bought or that they want to buy.
Over the ages, the supply chain management process has evolved. Leading Global supply chains partners now have a competitive edge by operating more quickly, eliminating friction through all internal and external phases, and offering more transparency throughout the process of delivering a good or service above and above the needs of the final consumer.
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how does the interest paid on u.s. savings bonds compare to the savings account rates paid by banks and credit unions?
Answers
The interest paid on U.S. savings bonds is typically higher than the savings account rates offered by banks and credit unions. The rate on savings bonds is determined by the U.S.
Treasury and is adjusted every six months based on market conditions. Currently, the interest rates on savings bonds range from 0.10% to 1.68%, depending on the type of bond and when it was issued. In comparison, the average savings account interest rate in the U.S. is only around 0.05%.
While savings bonds may have certain limitations and restrictions, they can be a good option for those looking to earn a higher rate of return on their savings.
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Aaron Heath is seeking part-time employment while he attends school. He is considering purchasing technical equipment that will enable him to start a small training services company that will offer tutorial services over the Internet. Aaron expects demand for the service to grow rapidly in the first two years of operation as customers learn about the availability of the Internet assistance. Thereafter, he expects demand to stabilize. The following table presents the expected cash flows:
Year of Operation Cash Inflow Cash Outflow
2019 $ 25,000 $ 12,000 2020 29,000 16,000 2021 32,000 18,000 2022 32,000 18,000 In addition to these cash flows, Aaron expects to pay $25,000 for the equipment. He also expects to pay $4,000 for a major overhaul and updating of the equipment at the end of the second year of operation. The equipment is expected to have a $4,000 salvage value and a four year useful life. Aaron desires to earn a rate of return of 8 percent. (PV of $1 and PVA of $1)(Use appropriate factor(s) from the tables provided.)
Answers
In order to determine the net present value of the investment, the cash inflows and outflows for each year of operation must be determined and to provide a step-by-step explanation in your answer. The net present value of the project is $47,940.
Using the PV factor of $1 for four years at an 8% rate, the present value of the equipment would be $19,572.Using the PV factor of $1 for four years at an 8% rate, the present value of the overhaul and updating at the end of the second year of operation would be $3,496.The total cash outflows for the project, including the equipment and overhaul and updating costs, are $50,000 ($25,000 + $4,000 + $21,572 + $3,496).
The cash inflows for the project for each year of operation are $25,000, $29,000, $32,000, and $32,000, respectively. Using the PV factor of an annuity due of $1 for four years at an 8% rate, the present value of the cash inflows would be $97,940. Using the present value of cash inflows and outflows, the net present value of the project can be calculated as follows: NPV = $97,940 - $50,000NPV = $47,940. Therefore, the net present value of the project is $47,940.
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The expectancy theory asserts that a person or individual will act in a particular manner because he or she is driven to select a particular behaviour above others because of the outcome of the selected behaviour.
The expectation theory can be defined as the desire to choose one behaviour above another based on how desirable the behavior's results will be. The following are some of the parts that make up the expectation theory: Expectancy (E-P), Instrumentality (P-O), and Valence (V(O)) all refer to effort to performance.
The expectation hypothesis for employees is based on the employee's effort, which the employee believes is sufficient to obtain a particular outcome and reward.Each year the initiative is in operation, cash inflows total $25,000, $29,000, $32,000, and $32,000, respectively. The present value of the cash inflows would be $97,940 if the annuity due at $1 for four years at an 8% rate were used as the PV component.The net present value of the project can be computed using the present value of cash inflows and outflows as follows:
NPV = $97,940 - $50,00ONPV
= $47940
= $47,940.
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The advantages of personal financial planning include:
a. Increased effectiveness in obtaining, using and protecting your financial resources
b. Increased control of your financial affairs by avoiding excessive debt and bankruptcy
c. Improved personal relationships resulting from better communicated financial decisions
d. All of these
e. None of these
Answers
Answer:
d. All of these
Explanation:
Personal financing is the process of organizing and managing an individual or household's income to achieve set financial goals. It involves managing personal finance activities such as income, expenditure, savings, and investments. The primary objective of personal finance is to assist individuals maximize their current incomes and make future plans. As a result, they can achieve both short term and long term goals.
The December 31, 2018, balance sheet of Justin’s Golf Shop, Inc., showed current assets of $1,490 and current liabilities of $1,210. The December 31, 2019, balance sheet showed current assets of $1,675 and current liabilities of $1,290. What was the company’s 2019 change in net working capital, or NWC? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.)
Answers
Answer:
$105
Explanation:
Calculation to determine change in net working capital, or NWC
First step is to calculate the Change in current assets
Change in current assets = 1,675 - 1,490
Change in current assets= 185
Second step is to calculate the Change in current Liabilities
Change in current liabilities = 1,290 - 1,210
Change in current liabilities= 80
Now let calculate the Change in net working capital
Using this formula
Change in net working capital = Change in current assets - Change in current liabilities
Let plug in the formula
Change in net working capital = 185 - 80
Change in net working capital =$105
Therefore change in net working capital, or NWC is $105
The Garcias are buying a house for $300,000. They put down $30,000 on the
day of the purchase and got a 30-year mortgage at 3.5 percent to pay off the
remaining $270,000. In this scenario, the $30,000 is the
• A. loan term.
•
B. down payment
•
C. interest rate
•
D. principal
Answers
The $30,000 in this scenario is the down payment. Therefore option B is the correct answer
the Garcias are buying a house for $300,000 they put down $30,000 on the day of the purchase.
This means that the $30,000 is the down payment which is a portion of the total cost of the house that's paid outspoken, while the remaining quantum is financed through a mortgage.
The mortgage in this case is a 30- time term with a 3.5 percent interest rate, which is the quantum charged by the lender for embracing the remaining $270,000
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Current liabilities are $10,000, long-term liabilities are $20,000, common stock is $50,000, and retained earnings totals $70,000. How much is total stockholders' equity?
Answers
Total equity of stockholders' is $120,000
Stockholders' equity, also known as shareholder's equity or owners' equity, is the portion of a company's assets that is owned by its shareholders. It is calculated by subtracting total liabilities from total assets. In this case, current liabilities are $10,000, long-term liabilities are $20,000, common stock is $50,000, and retained earnings totals $70,000. To calculate total stockholders' equity, (Common stock and retained earnings are both elements of stockholders' equity. Common stock of $50,000 plus retained earnings of $70,000 equals $120,000 in stockholders' equity.) This means that the total stockholders' equity is $120,000. It is important to note that this amount represents the residual interest in the assets of the company after deducting all its liabilities.
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what is the independent and dependent variable?
please help
Answers
Answer:
The result should be the dependent variable. Its the result or what you can control.
Explanation:
rule stating that more will be demanded at lower prices and less at higher prices is called?
Answers
The rule stating that more will be demanded at lower prices and less at higher prices is called the Law of Demand.
The Law of Demand is a fundamental principle in economics that describes the relationship between the price of a good or service and the quantity demanded of that good or service. The Law of Demand states that as the price of a good or service increases, the quantity demanded of that good or service will decrease, and as the price of a good or service decreases, the quantity demanded of that good or service will increase. This inverse relationship between price and quantity demanded is a central concept in economics and is used to analyze and understand consumer behavior in the market.
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in crafting a strategy, management is in effect saying
Answers
In crafting a strategy, management is in effect saying because the strategy chosen is always the best one among the potential strategies shortlisted for the company. The correct OPTION D.
The chosen strategy is always the most advantageous for the company among those that were considered but not ultimately picked. A SWOT analysis is the initial step in developing your competitive strategy. Strengths, Weaknesses, Opportunities, and Threats are the components of the SWOT analysis.
You must determine the internal and external aspects that affect your business as well as the strengths and weaknesses of your enterprise. Future trends and opportunities can be found using a plan. It can analyse more general market changes such those brought on by political, social, or technological advancements as well as consumer shifts and design strategies to help your company adapt to these changes in the future.
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The question is incomplete complete question is given below
A. among all the many different approaches and ways of competing we could have chosen.
B. we have decided to employ this particular combination of competitive and operating approaches in moving the company in the intended direction.
C. Strengthening its market position and competitiveness and meeting or beating our performance objectives.
D. Because the strategy chosen is always the best one among the potential strategies shortlisted for the company.
If 135 TV's are sold and cost $275 to produce and is priced at $250, what is the profit/loss?
Answers
Answer:
$25
Explanation:
The production cost is $275.
The selling price is $250
The loss/profit will be: Selling price minus cost price
=$250 - $275
= -$25
A loss of $25.
If this is the cost for all the 135 TVs, then the loss is only $25.
N:B
If the costs are for one TV, then the loss will be $25 x 135=$3,375
Harold wants to find all order numbers in his database that begin with “01” and replace them with “02.” He places his cursor in the “OrderNumber” field and opens the “Find Dialog” box. Which steps would most quickly accomplish this task?
On the Find tab, enter “01” for “Find What,” go to Replace tab, enter “02,” and click “Replace.” Continue to the next record and repeat.
On the Replace tab, enter “01” to search, “02” to replace, and click “Replace All” to change all the order numbers that start with “01.”
On the Find tab, enter “01” for “Find What,” go to Edit tab, enter “02,” and click “Edit.” Continue to the next record and repeat.
On the Replace tab, enter “01” to search, “02” to replace, and click “Change All” to change all the order numbers that start with “01.”
Answers
Answer:
D.
Explanation:
If someone hire you today, what are some skills that you have that you can use in the workplace?
Answers
What are the two examples john elliott used to explain ethical dilemmas in the banking business?.
Answers
The two example John Elliott used to explain ethical dilemmas in the banking business is the Conflicts of interests and suppressing financial information
What causes ethical dilemma in business?
Ethical dilemmas occurs because ethics are inherently contradictory. Employees can sometimes face situations where compromising on telling the truth seems to serve other valued goals, like maximizing profits or avoiding layoffs.
Why is it important to identify your ethical dilemma?An identification of ethical dilemmas will provide you a better idea of how you may resolve them should before they arise. Prompt resolution of ethical dilemmas ensures proper operations, keeps employee morale high, improves the strength of leadership, and enhances the public profile of companies.
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For the question below, write an explanation of the short-run effect (including the determinant of AD or AS that is causing the shift, the line that shifts (AD or AS), the direction of the shift (left or right), and the impact on output and price level (increase or decrease) and submit a properly drawn and labeled aggregate demand and aggregate supply graph for the scenario. Make sure your name and assignment number are written on each page of graphs you submit. All text must be written in the text box provided.
Congress passes a sweeping health care reform bill that provides free medical insurance for all Americans. Once the President signs it into law, the government will provide every American with a policy that will pay up to 80% of every medical bill a patient incurs. This change does not impact consumer income.
Answers
Explanation:
The passage of the health care reform bill would shift the aggregate demand (AD) curve to the right in the short run. This is because with the new policy, people would be able to afford more health care services, leading to an increase in the quantity of goods and services demanded at every price level. This would result in an increase in both output and the price level in the short run.
On the other hand, the aggregate supply (AS) curve would remain unchanged since the bill does not affect the costs of production or the available inputs.
Overall, the short-run impact of the health care reform bill would be an increase in output and a higher price level.
Please complete that statements below to indicate how GDP and living standards are affected in each scenario. a. If unpaid housework were formalized in GDP, GDP woould ___, and living standards would ___
b. Given improved production technologies, GDP would ___ and living standards would ___
c. Suppose the black market shrinks because firms shift to the formal sector, but production remains the same. GDP would ____ and living standards would ___
d. If workers worked less but produced the same amount, GDP would ___ and living standards would ___
e. If volanteers cleaned a river used for swimming, GDP would ___ and living standards would and living ___
f. Assume people dislike inequality. If income inequality decreases, GDP would ___ and living standards would ___
Answers
If unpaid housework were officially included in GDP, GDP would rise and it would appear that living standards would improve. GDP would rise as a result of more advanced production technology, and living standards may possibly rise.
What is the most accurate metric to use when comparing standards of living around the globe?We use a metric known as GDP per capita to evaluate the standard of living in each nation. By creating and offering items and services for sale, people earn their living.
What signs of a high standard of living are there?A society's standard of life is determined by easy-to-quantify factors like income, employment opportunities, the price of goods and services, and poverty. Life expectancy, the rate of inflation, and the number of paid vacation days that people receive each year are also included on the list.
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A machine is now worth $155,600 and will be depreciated linearly over a 7 -year period, at which time it will be worth $67,890 as scrap.
Answers
Depreciation refers to the decrease in the value or worth of an asset over time. The annual depreciation of the machine is approximately $12,530.
To find the annual depreciation of the machine, we can use the formula for linear depreciation:
Depreciation per year = (Initial value - Scrap value) / Number of years
Given:
Initial value of the machine = $155,600
Scrap value of the machine = $67,890
Number of years = 7
Substituting these values into the formula, we have:
Depreciation per year = ($155,600 - $67,890) / 7
Depreciation per year = $87,710 / 7
Depreciation per year ≈ $12,530
Therefore, the annual depreciation of the machine is approximately $12,530.
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What happens if you still have a balance on your credit card AFTER the company starts charging you interest?
A: The bank will make your interest payments for you
B: The bank will extend the 0% APR so you don't pay interest
C: The bank will offer you a 0% so they make no money off you
D: The bank will make money from the interest fees you pay
Answers
My reasoning is because banks will always make money of your interest and debt someway. This includes every bank in the world, it’s how banks can afford to stay open and hire employees.
Hope this helps have a nice day :)
asap pls!!!
Veterans' Preference Laws
A. give first choice to veterans before other job applicants
B. let veterans make most of the decisions for employees
C. provide veterans with more rights than other employees
D. supply additional pay for veterans at their place of employment
Answers
Answer: Answer:
A. give first choice to veterans before other job applicants
Explanation:
got a 100 :)
Answer:
A
Explanation:
:D
The act that prohibits hacking, the use of cookies, creating viruses, or using click-stream data to obtain personal
information about individual computers that surf the Web:
Answers
Answer:
ECPA
Explanation:
The Electronic Communications Privacy Act prohibits all of those things specifically, according to the Business Law Edge lesson.
At the present time, Three Waters Company (TWC) has 15-year noncallable bonds with a face value of $1,000 that are outstanding. These bonds have a current market price of $1,555. 38 per bond, carry a coupon rate of 11%, and distribute annual coupon payments. The company incurs a federal-plus-state tax rate of 35%. If TWC wants to issue new debt, what would be a
Answers
To issue new debt, Three Waters Company (TWC) would need to determine the appropriate coupon rate for the bonds, considering the current market price, the coupon rate of the outstanding bonds, and the tax rate.
To issue new debt, TWC would need to set an appropriate coupon rate for the bonds. The coupon rate should be competitive and attractive to investors while also considering the current market conditions. In this case, TWC has 15-year noncallable bonds with a face value of $1,000, a current market price of $1,555.38 per bond, and a coupon rate of 11%.
To determine the new coupon rate, TWC needs to consider factors such as the desired yield for investors, prevailing interest rates in the market, and the company's creditworthiness. TWC should also consider the tax implications of the bond payments, as they incur a federal-plus-state tax rate of 35%. The coupon rate should be set in a way that ensures the bonds' market price remains competitive and aligns with the company's financing objectives.
By carefully assessing these factors, TWC can determine the appropriate coupon rate for the new debt issuance, which would help attract investors and meet the company's funding needs while considering the market conditions and tax implications.
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Maurice is always on time to meetings and other company events. He has never missed a project deadline, and he is usually the first person people call when they
need help. Which attribute is Maurice displaying?
O Reliability
O Communication
O Problem solving
Teamwork
Answers
Answer:
Reliability, because if he is the one everyone calls in need of help than it would be considered reliable.
Answer:
A. Reliability
Explanation:
Its this answer because he is always on time to his meeting so his boos can rely on him. He has never missed a deadline so his clients can rely on him etc.
1. According to this supply curve, 400 movie videos will be supplied at what price?
a. $12
b. $16
c.$14
d.$10
Answers
According to this supply curve, 400 movie videos will be supplied at what price 12 dollars.
What is a supply curve?A supply curve is a graphical representation of the relationship between the quantity of a good or service that a producer is willing to sell and the price at which they are willing to sell it. The curve is upward sloping, which means that as the price of a good or service increases, the quantity supplied by producers will also increase.
The opposite is also true, as the price of a good or service decreases the quantity supplied by producers will decrease. It is assumed that all other factors (technology, input prices, taxes and subsidies etc.) that affect production remain constant.
The position of the supply curve can also change depending on these factors. The supply curve is a fundamental concept in microeconomics, it is used to analyze market behavior and the determination of prices in a market.
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top management's role is that of a ____ in the rational strategy-making mode
Answers
Top management's role is that of a decision-maker in the rational strategy-making mode. In this mode, the organization follows a step-by-step process to develop a strategy based on a thorough analysis of internal and external factors.
Top management is responsible for making key decisions at each stage of the process, including setting objectives, identifying options, evaluating alternatives, and selecting the best course of action. Their role is critical because they have the authority and knowledge to make decisions that align with the organization's goals and objectives. Top management must ensure that the strategy they develop is feasible, effective, and sustainable in the long run, taking into consideration the resources, capabilities, and external environment of the organization. Therefore, their decision-making skills are essential to the success of the rational strategy-making mode.
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Match each of the following statements to the type of economic system that it
Record your responses in the spaces provided.
characterizes.
Answers
Types of economic system: (1). Traditional economy - ritual, habitat, or custom. (2). Economic system - Allocation of resources. (3). Command economy - central authority (4). Market economy - demand and supply
What is economy?The performance through which a country or location organizes its medium of exchange, commercial enterprise, and trade is concerned to as its “economy.” The economy is the important part of the country. The primary sector of the economy is the industrial sector, financial and agriculture sector.
Types of economic system:
Traditional economy - system in which economic activity is the result of ritual, habitat, or custom.
Market economy - system in which economic activity is driven by supply, demand, and the price system.
Economic system - efficient way of allocating resources and producing and distributing goods and services in a society.
Command economy - economic system in which a central authority makes the major economic decisions.
As a result, the conclusion of the economic system as the fill of space are the aforementioned.
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Your question is incomplete, but most probably the full question was.
Match each of the following statements to the type of economic system that it characterizes. Record your responses in the spaces provided.
______system in which economic activity is the result of ritual, habitat, or custom.
______system in which economic activity is driven by supply, demand, and the price system.
_______efficient way of allocating resources and producing and distributing goods and services in a society.
________economic system in which a central authority makes the major economic decisions.
Traditional economyEconomic systemCommand economyMarket economyMAKE IT PAY: What was the last product that you purchased? Think for a minute about why you made the purchase. How did each of the marketing functions affect your decision? Ask yourself questions such as:• Why did you want the product?• Did the product’s brand impact your actions?• Did the product’s price influence you?• Where did you purchase the product?• How did you hear about the product?• Who helped you to make your purchase? Finally, after answering these questions, consider the following: How did the different marketing functions work together as a team to encourage you to make your purchase? *
Answers
Answer:
This may be something you must answer yourself. Lets say you just bought some really nice suede shoes. It's winter, and the suede is actually keeping your feet really warm unlike other shoes. Why'd you make the purchase? It was cold and you needed new shoes that would keep your feet warm, and maybe the reason you bought new shoes made out of a more rough material is because your older shoes were made out of canvas. How did the marketing functions affect your decision? Because suede is durable, and it also keeps your feet warm. Maybe the shoes were designed to be winter shoes, or maybe they were just suede skate shoes, and you know that suede keeps your feet warm. How come you wanted the product? Because your feet were cold in your old shoes, and you just needed new shoes!
Explanation:
i hope you understand what this question is asking you now.
5 objectives of an entrepreneur.
Answers
Answer:
Explanation:
An entrepreneur is a person that sets up a business for the aim of making profits and of social benefits to the society . An entrepreneur bears the risks and rewards alone.
The five objectives of an entrepreneur are listed as below.
1) Profit making: This is one of the primary objectives of an entrepreneur and it is a basis on which some other objectives are built , being a source of cash generating to achieve other objectives.
2)Acquiring the right talents and skills ; An entrepreneur will like to have the right skills and talent in his team for efficiency , effective and economy purposes.
3)Growth ; An entrepreneur aims at growth as the level of profit generated is directly related to the growth attained. The higher the growth, the higher the profit.
4)Sustainability : Another goal is sustainability . He will work towards maintaining his position in the market to ensure going concern . Every business is confronted with competition which can take a business down if not well managed.
5)Online positioning : Taking advantages of online opportunities is critical to success in businesses. He will like to leverage on online opportunities for growth and sustainability.
Which of these channel members is last in the distribution channel?
A.Retailer
B.Manufacturer
C.Consumer
D.Wholesaler
Answers
Answer:
C
Explanation:
They are the ones to use to products.
Answer:
C. Consumer
Explanation:
Took the test
Duties performed by warehouse case study class 11
Answers
The duties performed by a warehouse include receiving, storing, and distributing goods and materials efficiently and safely.
What are the primary responsibilities of a warehouse?A warehouse plays a crucial role in the supply chain management of businesses. Its main responsibilities revolve around receiving, storing, and distributing goods and materials.
Upon receiving shipments, warehouse staff inspect the contents for quality and accuracy verifying that the delivered items match the corresponding documentation. They then organize and store the goods in designated locations within the warehouse ensuring efficient use of space
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