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sineoko [7]
2 years ago
7

When comparing the GDP of different countries, two issues immediately arise - currency and population differences. How does one

account for these while comparing the GDP for different countries? Provide examples and explain your answer.
Business
1 answer:
kykrilka [37]2 years ago
7 0

Answer: Currency is converted to common currency, GDP is divide by population and compare GDP per Capita

Explanation:

GDP is measured in a countries currency. When Comparing a GDP of one country to the GDP of another country currency is converted into a common currency. Currency can be converted using exchange rate. the GDP of one country will then be expressed in the currency of another country using the exchange rate.

Some countries have a high number of population than others, for example China has more people than Mexico. therefore measure GDP and The standard of living between countries GDP will need to be divided by population which will give us GDP per capita which measures the standard of living by showing the GDP per person

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irga5000 [103]
B. Be called in for an interview because that's the first thing they see and it gives the general details
5 0
3 years ago
Read 2 more answers
If a firm hires an additional worker and discovers that its total output has fallen, then it must be true that:________
Neko [114]

If a firm hires an additional worker and discovers that its total output has fallen, then it must be true that marginal physical product is negative.

What is the change in total output that results from hiring one additional worker?

The difference in production brought on by using an additional unit of labor is known as the marginal product of labor.

Does hiring additional workers increase the total revenue at a decreasing rate?

Total output increases with additional employees, although at a slower rate. a stage of production where an increase in the labor force leads to a decline in labor's marginal product. With each new unit of labor added to the mix, a company with this will produce progressively less production.

Learn more about marginal product of labour: brainly.com/question/16690539

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7 0
2 years ago
Which of the following positions is primarily responsible for raising capital and investing funds?A) The treasurerB) The COOC) T
Ede4ka [16]

Answer: <em>Option (A) is correct.</em>

Explanation:

A treasurer is known as a an individual who is responsible for working the treasury of a/an firm/organization. The compelling main functions of an organizations treasurer usually include liquidity and cash management, corporate finance and risk management. They are also primarily responsible for increasing capital via issuing bonds, stocks and investing funds. They tend to report back to CFO.

6 0
3 years ago
"Find the amount of each payment to be made into a sinking fund which earns 7​% compounded quarterly and produces ​$50 comma 000
Elodia [21]

Answer:

Quarterly deposit= $3,182.78

Explanation:

Giving the following information:

A sinking fund earns 7​% compounded quarterly and produces ​$50,000 at the end of 3.5 years.

We need to find the quarterly deposit made at the end of each period.

<u>First, we need to calculate the quarterly interest rate:</u>

Interest rate= 0.07/4= 0.0175

To calculate the deposit, we need to use the following formula:

FV= {A*[(1+i)^n-1]}/i

A= quarterly deposit

Isolating A:

A= (FV*i)/{[(1+i)^n]-1}

n= 3.5*4= 14

FV= 50,000

i= 0.0175

A= (50,000*0.0175)/ [(1.0175^14)-1]= $3,182.78

3 0
3 years ago
Suppose that the bankruptcy law firm had previously loaned $20,000 to Henry Anderson. The law firm filed a financing statement s
pantera1 [17]

Answer: This loan would would have priority over the other unsecured claims in this bankruptcy case.

Explanation:

Since the trucks are secured collateral the loan is a secure loan. It will be the priority in the bankruptcy case since the other claims were unsecured. The law firm would have a right to the trucks since he owed them 20,000$ and put them up as collateral.

Everything that was an unsecured loan does not have anything to take from and will be a loss for the other companies who filed against Henry Anderson.

8 0
3 years ago
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