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3 years ago

If real gross domestic product (GDP) grew by 2 percent and the inflation rate was 2 percent, then nominal GDP grew by

Business

1 answer:

ohaa [14]3 years ago

6 0

Answer:

Explanation:

If the real gross domestic product for the year grew by 2%

The inflation rate also grew by 2%

Then nominal GDP rate can be calculated as follows

= Real GDP + inflation rate

= 2% + 2%

= 4%

Hence the nominal gross domestic product grew by 4%

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For normal goods, the demand curve is: A. upward sloping only if the income effect is larger than the substitution effect. B. al

Kruka [31]

Answer:

B) always downward sloping.

Explanation:

The demand curve for normal goods is always downward sloping because of a combination of three factors:

the purchasing power of the customers decrease and if the price of a product increases, consumers will be able to buy less even if they don't want to
consumer surplus decreases since the difference between how much a consumer is wiling to pay for the good and its actual price decreases or even becomes negative, so they will not be willing to purchase it
as the price of normal goods increases, consumers will tend to increase the quantity demanded for substitute products

6 0

3 years ago

(1) Real-Balances Effect

ozzi

Answer:

(A) 5 and 10.

Explanation:

Factor which can shift the Investment spending:

(5) Profit Expectations

If the firm forecast a good economy will probably invest more than if it forecast a bad economy. businessman will increase and decrease their investment based on expepectations.

(10) Degree of Excess Capacity

Assuming a rational behavior, company's will investment if needed. So if there is a portion of unsued capital they will use it before investing to acquire more. Once the current capital is used or near max capacity they will invest. Below a certain threshold they won't.

4 0

3 years ago

Having the skill to coordinate different people and different tasks to work towards one goal is necessary for which of the follo

san4es73 [151]

Answer:

C. Manager

Explanation:

The job of a manager is to organize all the units in the business for proper functioning

4 0

2 years ago

A disadvantage of feedback is that: Group of answer choices it makes the control process inefficient. most people are too sensit

julsineya [31]

Answer: It always comes after the fact.

Explanation:

Feedback is very important for a company. It helps them know where they need to improve on so that they can offer better services ti customers. It also fosters good relations with customers as they will feel their input is taken into account.

Unfortunately though the whole premise of Feedback is that it's based on information of an event that has already happened and SOMETIMES CANNOT BE CHANGED. This is a very huge drawback but one that is implicit in the process itself.

6 0

3 years ago

Given the following make-buy information, what would be the break-even point?Make Option Buy OptionFixed Costs $15000$1250Variab

grin007 [14]

Answer:

d. 2750 units

Explanation:

The break-even point occurs when the make option cost equals the buy option cost. The number of units 'x' needed in order for both options to yield the same costs is given by:

$\$15,000+x*\$5=\$1,250+x*\$10\\\\x=\frac{\$15,000-\$1,250}{\$10-\$5}\\\\x=2,750\ units$

The break-even point is 2,750 units

3 0

3 years ago