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Fittoniya [83]
2 years ago
10

Assume the total real output of a developing country increases from $8 billion to $8.2 billion while its population expands from

14 to 15 million people from one year to the next. Over the year, real GDP per capita has
Business
1 answer:
zimovet [89]2 years ago
5 0

The New GDP Per Capita is decreased by $25 per person as compared with the previous GDP per capita.

<h3>What is a formula to calculate GDP per Capita?</h3>

The Formula to calculate GDP per capita is the Gross Domestic Product (GDP) of a country divided by population of a country.

Given

Before Increasing

GDP = $8000000000

Population = 14,000,000

By Using the above formula we calculate GDP per capita before Increasing both the factors.

GDP per capita = GDP is divided by the population.

                          = 8000000000/14,000,000

                          = $572 (Approx)

After Increasing

GDP = $8200000000

Population = 15,000,000

By Using the above formula we calculate GDP per capita after Increasing both the factors.

GDP per capita = GDP is divided by the population.

                          = 8200000000/15,000,000

                          = $547 (Approx)

Thus, after comparing GDP we get there is a decrease in GDP per capita by $25 ($572 -$547).

Learn more about GDP per capita here:

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Relationship-enhancing attributions involve which of the following factors?
Blizzard [7]

Relationship-enhancing attributions involve Giving credit for positive actions and excusing transgressions.

Explanation:

Relationship-enhancing features happen when people place greater responsibility for the positive behavior on their relationships and less responsibility for the negative behavior of their partners.

If your partner brought you flowers, that's because he's sweet and sweet. But that's because he's caught in the traffic (something he wouldn't control when he's slow for a date).

In special relationship research, attributions are frequently divided into two classifications: attributions that "improve relationship" and attributions that "maintain distress" (Bradbury & Fincham, 1990), respectively.

7 0
3 years ago
Based on the circular flow of business, what are two ways that households impact the economy? A) They provide wages and products
bonufazy [111]

Answer:

D. They provide the four factors of production and spend money on the product market.

Explanation:

In circular flow of business, all the players namely; household, government agencies, firms and others in an economy have an important role to play.

The level of a nation's employment status, price level and income are determined as a result of various interactions among firms/businesses, household and government agencies.

When a unit spends money, it becomes the income of another unit. Household goes to market with their monies to buy goods and services, while firms goes to the factor market to buy the resources, which are owned by the household, to produce the goods and services.

As for the government agencies, they collect taxes on the goods and services produced and on income(both household and firms) . Government also buys goods and services inorder to produce specialize goods.

Through these interactions, money and business changes hands from the household to the firm and then to government. It goes back to the household and the list goes on and on.

7 0
4 years ago
If you wish to accumulate $125,000 in 7 years, how much must you deposit today in an account that pays a quoted annual interest
elixir [45]

Answer:

You need to deposit $58,481.53 today.

Explanation:

a) Data and Calculations:

Future value expected = $125,000

Period of investment = 7 years

Interest rate = 11% compounded quarterly

The amount of deposit needed today to earn $125,000 in 7 years at annual interest rate of 11% is calculated as follows:

N (# of periods)  28

I/Y (Interest per year)  11

PMT (Periodic Payment)  0

FV (Future Value)  125000

Results

PV = $58,481.53

Total Interest $66,518.47

7 0
3 years ago
A kind of annuity that consists of cash flows of equal amounts occurring at regular intervals and that continues indefinitely is
lozanna [386]

Payment is a type of annuity that comprises of equal financial flows that happen at regular periods and last forever.

Describe an annuity.

The goal of nationwide annuities is to increase your retirement income. They are long-term agreements with an insurance provider where you put money. You receive income in the form of recurring payments as compensation for your investment.

many annuity types

There are several different annuity product categories to pick from. Your financial professional can design a strategy to fit your unique objectives, whether you're searching for income possibilities, tools for legacy planning, or spousal protection.

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4 0
2 years ago
Rhombus corp. is a rapidly growing company that just experienced a very profitable quarter. the company's board of directors has
marissa [1.9K]
<span>This shows that the board has decided to re-invest the profits in the business instead of paying it to common shareholders. This is one of the drawbacks of owning common stock in comparison to preferred stock. Dividends and other company earnings are not always shared with the stockholder.</span>
3 0
3 years ago
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