Answer:
The inflation rate is different using the two methods as the rate of inflation calculated by the CPI holds basket of goods and services constant while the GDP deflator allows it to change.
Explanation:
i. Value of market basket of the good in 2020 = ($50*2) + ($5*6) = $130
Value of market basket of the good in 2021 = ($70*2) + ($6*6) = $176
CPI in 2020 = ($130 / $130) * 100 = 100
CPI in 2021 = ($176 / $130) * 100 = 135.38
Thus, The percentage change in overall price level is = [(135.38 - 100) / 100) * 100 = 35.38%
ii. Nominal GDP in 2020 = ($50 * 20) + ($5 * 60) = $1300
Nominal GDP in 2021 = ($70 * 21) + ($6 * 80) = $1950
Real GDP in 2020 = ($50 * 20) + ($5 * 60) = $1300
Real GDP in 2021 = ($50 * 21) + ($5 * 80) = $1450
GDP deflator in 2020 = (Nominal GDP in 2107 / Nominal GDP in 2107) * 100 = ($1300 / $1300) * 100 = 100
GDP deflator in 2021 = (Nominal GDP in 2108 / Nominal GDP in 2108) * 100 = ($1950 / $1450) * 100 = 134.48
Thus, the percentage change in overall price level is = [(134.48 - 100) / 100) * 100 = 34.48%
Answer:
The answer is talking is based off vocal cords which unfortunately has been gifted to my annoying siblings lol
Explanation:
im jk sure im down
Answer:
Disturbance theory
Explanation:
The creation of an interest group in response to a perceived need is known as DISTURBANCE THEORY.
DISTURBANCE THEORY occur in a situation where people or group of people decided to create an INTEREST GROUP when they are not satisfied with the current situation of their environments or when their perceived need or immediate need are not meant due to unavailability of resources or when their is changes in government rules or policy which the group of people are against because they are not satisfied with the policy.
Answer:
The correct answer is letter "D": Payments or adjustments to the original obligations.
Explanation:
Research Development Test & Evaluation (RDT&E) funds are dedicated to cover costs of specific research, development, testing and assessment activities. Once deadlines to present the research are due, the funds can be directed to maintenance of laboratories or any other payment or adjustment besides the initial purpose of that money.
Answer:
Sales Budget For the Year Ending on December 31,2014
Quarter 1 Quarter 2 Quarter 3 Quarter 4
Expected Unit Sales 10,600 12,900 14,600 19,000
Unit Selling Price $82 $82 $82 $82
Total Sales $869,200 $1,057,800 $1,197,200 $1,558,000