Answer:
$0.67 and $0.73
Explanation:
The computation of the price levels for the year 2016 and 2017 is shown below:
For the year 2016
= (Money supply × velocity) ÷ (Real GDP)
= (2,000 × 5) ÷ (15,000)
= $0.67
And, for the year 2017, it would be
= (Money supply × velocity) ÷ (Real GDP)
= (2,200 × 5) ÷ (15,000)
= $0.73
We simply multiplied the money supply with the velocity and then divided it by the real GDP so that the price level could come
<span>International organizations establish and maintain a stable/cooperative world structure by a supreme country dictating terms to other countries and sharing of values and norms which encourages cooperation. Another practice to achieve this is by the cooperation between the countries and to have mutual benefits and privileges.</span>
The economy must increase inputs.
<h3>
The production possibility curve, what is it?</h3>
A limited number of goods and services can be produced by factors of production in an economy. A production possibilities curve illustrates the many combinations of goods and services that a nation's economy is capable of creating. It serves as an illustration for the model of production possibilities. We will assume that the economy can only generate two types of commodities, that the quantities of its accessible technologies are fixed, and that it can only manufacture two types of goods at once when plotting the production possibilities curve.
As a result, increasing inputs is necessary for an economy to enhance its production potential.
For more information on <u>Production Possibility </u>Curve, refer to the following:
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Answer:
$43,745
Explanation:
Calculation for what the Capital account reported on the Statement of Owner's Equity at the end of the month would be
Using this formula
Ending Capital Balance = Cash (1)+ Photography equipment (2) +Cash for services provided (4)+Services to customers on account (6)- Monthly rent(7)- Utility (9)
Let plug in the formula
Ending Capital Balance = $13,800 + $23,000 + $6,000 + $3,050 - $1,800 - $305
Ending Capital Balance= $43,745
Therefore the balance in the Capital account reported on the Statement of Owner's Equity at the end of the month would be: $43,745
Answer:
0.175
Explanation:
Data provided in the question:
r and s vary inversely
Mathematically, we can represent the relation as
rs ∝ 1
or
rs = k ............(i)
here,
k is the proportionality constant
when,
r = 1200 ; s = 0.35
thus,
1200 × 0.35 = k
or
k = 420 ...............(ii)
similarly for case when r = 2400
rs = k [ From (i) ]
2400s = 420 [ value of k from (ii) ]
or
s = 0.175
