Declining transport rates per unit of weight as the weight shipped increases represents _____

In 2011, the imaginary nation of Maconia had a population of 8,200 and real GDP of 210,500.

vazorg [7]

Answer:

C. 226,416

Explanation:

Firstly, we find the GDP per person for 2011.

Next, we calculate the 5% GDP per person increase in 2012

Finally, we calculate for GDP in 2012 using available data gotten

So,

Given that

In 2011,

Real GDP = 210,500

Population = 8200

GDP per person for 2011 = 210,500 ÷ 8200

= 25.67 approximately.

In 2012, there was a 5% growth in GDP per person, therefore,

GDP person 5% increase in 2012 = (5÷100) × 25.6707317073

= 0.05 × 25.6707317073

= 1.2835365854

2012 GDP per person = 25.6707317073 + 1.2835

= 26.9542682927

Or

5% increase of 25.6707317073 = 25.6707317073 × 1.05 = 26.9542682927

So, to get the GDP in 2012,

GDP = GDP per person × population

Where GDP per person = 26.9542682927

Population = 8400

Thus,

Real GDP = 26.9542682927 × 8400

= 226,415.8

Approximately = 226,416 to the nearest dollar.

6 0

3 years ago

An increase in investment can lead to a greater increase in aggregate demand if the value of the spending multiplier is?

soldier1979 [14.2K]

If the spending multiplier is greater than 1, an increase in investment may result in a greater increase in aggregate demand.

The aggregate demand simply rises as a result of an increase in investment when the spending multiplier is said to be greater than one, in essence.

What is Spending Multiplier ?

The spending multiplier is seen in terms of economics as a ratio between the change in GDP (Gross Domestic Product) and the change in autonomous expenditure.
With the use of an income and spending model, it may be easily shown visually. The value produced by a government's expenditure is said to exceed the amount of such expenditure.

To learn more about Spending Multiplier, visit - brainly.com/question/16887443

#SPJ4

8 0

2 years ago

What is globalization ?

Katyanochek1 [597]

Answer:

the process by which businesses or other organizations develop international influence or start operating on an international scale.

Explanation:

Yeah

5 0

3 years ago

MC algo 8-18 Valuing Stock Asonia Co. will pay a dividend of $5.10, $9.20, $12.05, and $13.80 per share for each of the next fou

Lostsunrise [7]

Answer:

d. $31.19

Explanation:

The computation of the stock price is shown below

Stock Price is

= [$5.10 ÷ (1 + 0.094)^1 + $9.20 ÷ (1 + 0.094)^2 + $12.05 ÷ (1 + 0.094)^3 + $13.80 ÷ (1+0.094)^4]

= $4.66 + $7.69 + $9.20 + $9.63

= $31.19

hence, the option d is correct

4 0

3 years ago

The idea that the mission of business is to produce goods and services at a profit, thus maximizing its contribution to society

lara31 [8.8K]

Answer:

Milton Friedman.

Explanation:

Milton Friedman is an American economist born on the 31st of July, 1912 in New York, United States of America. Milton is a Nobel laureate for his notable work on monetary history and theory, consumption analysis and the complexity of stabilization policy.

The idea that the mission of business is to produce goods and services at a profit, thus maximizing its contribution to society is associated with Milton Friedman.

This ultimately implies that, most business firms have a mission of producing goods and services that meets the need or requirements of the consumer, as well as generating profit to the business firm.

3 0

3 years ago

Declining transport rates per unit of weight as the weight shipped increases represents ______.