1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
inessss [21]
4 years ago
14

Nominal gross domestic product (GDP) increased from $15.62 trillion to $16.09 trillion, and the price level increased from 120.0

to 122.4. Rounding to the nearest first decimal, the rate of inflation was
Business
1 answer:
Vesna [10]4 years ago
5 0

Answer:

2.0 percent

Explanation:

Inflation can be defined as the persistent rise in general price levels.

Inflation can be calculated by determining the change in price levels.

(122.4 / 120 ) - 1 = 0.02 = 2%

I hope my answer helps you

You might be interested in
According to the video, what do Financial Analysts analyze? Check all that apply.
GREYUIT [131]
Financial records, A company’s competitors. Got it from quizlet!
8 0
3 years ago
Read 2 more answers
Joe Carie, head accountant, is using the indirect method and the account balance from the balance sheet and income statement to
natita [175]

Answer: c) increase cash flow from operating activities.

Explanation:

If there is a decrease in the Accounts Receivable, this means that some receivables have settled their debt to the company which means that the company got cash. Cashflow therefore increases.

Accounts receivables relate to Sales which is part of the operations of the business so this is an increase in cashflow from operating activities.

7 0
3 years ago
What is a household inventory?
Romashka-Z-Leto [24]
B. documentation of personal belongings
6 0
3 years ago
which of the following would most likely have caused the production possibilities frontier to shift outward from a to b? group o
Anna71 [15]

General technological advance is most likely to cause the production possibilities frontier to shift outward from a to b.

Technology has always been vital for organisations, but in recent years, that importance has increased significantly. By definition, technology is the practical application of scientific knowledge, and it is obvious that in order for businesses to remain competitive, they must adopt new technologies. The importance of new technology for organisations can be attributed to a number of factors. First, firms can improve their production and efficiency by utilising modern technologies. This is so that workers may concentrate on other duties because new technologies sometimes automate operations that were previously performed manually. Additionally, by lowering their dependency on costly manual labour, new technology can assist firms in saving money. Finally, firms can frequently access new markets and clients thanks to new technologies.

Learn more about technological advance here:

brainly.com/question/8798227

#SPJ4

8 0
1 year ago
What type of bank account is the best one to use to manage household expenses? Question 1 options: a checking account a savings
yanalaym [24]

manage household expenses means cutting a lot of checks

ans is a checking account

8 0
4 years ago
Other questions:
  • The national? freshman-to-sophomore retention rate has held steady at? 74%. a certain college has 477477 of the 587587 freshman
    8·1 answer
  • What is an e-ticket used for
    11·1 answer
  • Suppose the CPI was 140 last year and is 168 this year. a. What is this year’s rate of inflation? Instructions: Enter your respo
    7·1 answer
  • Business documents can include all of the following except ____.
    5·1 answer
  • Which of the following correctly defines the consumer​ market? A. ​Manufacturers, resellers, and consumers B. Consumers and the
    7·1 answer
  • A binding price ceiling for apartments (effective rent control) will:
    7·1 answer
  • increases government purchases of goods and services by $50 million. Also assume the absence of taxes, international trade, and
    8·1 answer
  • Some believe that religion is important because it adds meaning to people’s lives and provides answers to difficult questions. A
    5·2 answers
  • Caleb is a bus driver who takes passengers through scenic mountains and points out the various rock formations along the way. Ca
    6·1 answer
  • Manufacturers, wholesalers, retailers, service companies, not-for-profit organizations, and government agencies that buy goods a
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!