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Ksenya-84 [330]
3 years ago
14

Suppose the total market value of all the final goods and services produced in the country of Rushya was $8 billion in 2008 (mea

sured in 2008 prices) and $9 billion in 2009 (measured in 2009 prices). Which of the following statements is definitely correct?
1. Production increased in Rushya between 2008 and 2009.
2. Real GDP increased in Rushya between 2008 and 2009.
3. Average price levels increased in Rushya between 2008 and 2009.
4. Whether real GDP increased cannot be determined with the information given.
Business
1 answer:
Advocard [28]3 years ago
3 0

Answer:

Option 4 is definitely correct: Whether real GDP increased cannot be determined with the information given.

Explanation:

The information that is given only states that there has been an increase in the market value of final goods and services in two years. So, we cannot conclude that production increased in Rushya or average price levels increased there as per Option A and C respectively, because market value can be increased by both increase in production or price levels. Even Option B cannot be concluded as the real GDP is dependent on other variables as compared to the total market value.

Thus, only appropriate statement is option D: we cannot determine increase in real GDP with the given information.

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I think you’re a person assumes and Mr. White will be doing well financially is because she is that the one who is teaching people how to financially afford people are going to think she’s doing well financially

Explanation:

It’s really simple she’s doing she’s teaching everybody how to initially a food thing should be good

8 0
3 years ago
Which of the following best describes horizontal analysis? comparing financial statement amounts from year to year for the same
iren [92.7K]

Answer:

Comparing financial statement amounts from year to year for the same company

Explanation:

When you carry out a horizontal analysis of the financial statements of a corporation you compare how the different accounts have changed over a period of time.

For example, you can perform a horizontal analysis to determine how total costs affect net profits in the income statement. You take the 2017, 2018 and 2019 income statements and compare how total costs have evolved during that period or time, and what percentage do they represent of total revenue.

5 0
3 years ago
What are two variables needed to calculate demand?
Ostrovityanka [42]
<span>"Price and quantity" are the two variables that are needed to calculate demand.


Demand refers to the amount or quantity that a man is both willing and ready to consume at each cost in a given time period, by keeping every single other thing consistent. When Price and quantity shift conversely by keeping all different things constant, it refers to the law of demand. </span>
7 0
3 years ago
What will happen if a country increases its money supply rapidly under fixed exchange rate regime? question 34 options: 1) the c
Serjik [45]

The answer is "trade deficit would widen in that country".

A fixed exchange rate regime forces financial discipline on nations and abridges price inflation. For instance, if a nation expands its cash supply by printing more money, the expansion in cash supply would prompt price inflation. Given fixed exchange rates, inflation would make the nation's merchandise noncompetitive in world markets, while the costs of imports would turn out to be more appealing in that nation. The outcome would be an augmenting exchange shortage in the nation, with the nation bringing in more than it sends out.

8 0
3 years ago
A mortgage is paid off in 30 years with a total of $124,000. It had a 2% interest rate that compounded monthly. What was the pri
Natasha2012 [34]

Answer:

the Principle, PV on the mortgage was $68,086.64.

Explanation:

The Principle on the mortgage, PV is determined as follows :

FV = $124,000

N = 30 × 12 = 360

P/ yr = 12

PMT = $0

R = 2%

PV = ?

Using a Financial Calculator, the Principle, PV on the mortgage was $68,086.6399 or $68,086.64.

8 0
3 years ago
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