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Illusion [34]
1 year ago
11

Omega has a real gdp per capita of $5,000. If it has a constant 6% rate of growth. how many years will it take before omega has

a real gdp per capita of $40,000?
Business
1 answer:
Alla [95]1 year ago
3 0

Nominal GDP is described as GDP that has no longer been adjusted for actual GDP according to capita and is the key statistic used to tune economic increase.

GDP in line with capita is the sum of gross cost brought by using all resident manufacturers within the economy plus any product taxes (fewer subsidies) not blanketed within the valuation of output, divided by means of mid-12 months population. growth is calculated from steady price GDP facts in nearby currency.

As an end result, higher GDP according to capita is frequently associated with superb effects in a wide range of areas along with better fitness, more training, or even more life satisfaction.

GDP per capita is primarily based on purchasing energy parity (PPP). PPP GDP is gross domestic product converted to worldwide dollars using shopping strength parity charges. An international dollar has equal buying power over GDP as the U.S. dollar has in the united states.

Learn more about GDP here: brainly.com/question/1383956

#SPJ4

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The balance sheet below reflects Zee Bank after its purchase of $50 million in government securities from the Fed. Assume a requ
UkoKoshka [18]

Answer:

$500 million

Explanation:

The solution of the money supply and its effect is here below:-

Decrease in money supply = $50 million ÷ reserve ratio

= $50 million ÷ 10%

= $500 million

If $50 million were used to repay loans, that will have raised money supply. Thus, buying $50 million in government securities from the fed reduces the supply of capital.

3 0
3 years ago
A corporation is a type of partnership that?
NeTakaya
That has share holders and a board of directors.
3 0
3 years ago
Scott is a 15-year-old student who works at a part-time job and gets paid every two weeks. His paycheck goes directly to his pre
malfutka [58]

Scott was denied the loan because he was not old enough to qualify.

<h3>What is the Payday loan?</h3>

Payday loan is a type of unsecured loan in which high rate of the interest is given to the borrower. It is a kind of the short term loan basically for the two weeks.

According to the above situation, Scott is cannot get the payback loan because he is  minor to sanction a loan. He must have the age of 18 years or above.

Learn more about payday loan here:

brainly.com/question/3949419

#SPJ1

4 0
1 year ago
Adrienne has several receipts from recent transactions that she entered in her records. The receipts include an ATM receipt for
madreJ [45]
I think it's "Adrienne did not enter her ATM withdrawal correctly"
8 0
3 years ago
Read 2 more answers
Suppose a farmer in Georgia begins to grow peaches. He uses​ $1,000,000 in savings to purchase​ land, he rents equipment for ​$7
Mazyrski [523]

Answer:

Economic profit = $300,000

Explanation:

<em>Economic profit is the difference between the sales revenue and the total of implicit cost and explicit cost</em>

Implicit cost are opportunity costs. For the farmer, these include

Interest on capital forfeited and salaries forfeited

= (22%×  1,000,000) + 40,000

= 260,000

Total cost = Implicit +explicit costs

=  260,000 + 260,000 +70,000 +120,000

 Economic profit =750000- (260,000 +70,000 +120,000)

                         = $300,000

Note that the cost of land is not included because it a capital cost

8 0
3 years ago
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