From year 1 to year 2, the real GDP of the economy increases by 20%.
<h3>What is real GDP?</h3>
Gross domestic product is the total sum of final goods and services produced in an economy within a given period which is usually a year.
Real GDP is GDP calculated using base year prices. Real GDP has been adjusted for inflation. It reflects the value of goods and services produced in an economy.
<h3>What is the increase in real GDP?</h3>
GDP in year 1 = 10 x $2 = 20
Real GDP in year 2 using year 1 prices as base price = 12 x $2 = $24
Increase in real GDP = (24 / 20) - 1 = 20%
To learn more about GDP, please check: brainly.com/question/15225458
Answer:
The Oscar's fixed costs per month is $2,500
Explanation:
Fixed cost: The fixed cost is that cost in which the amount is remain fixed whether production level change or not, that means it does not have any effect on the production level.
In the given question,
Monthly rent is $2,500 which is fixed so, it would be considered as fixed cost
The per hour pay and electrical bill depend upon the total hours of operation which means if the more hours, the workers are engaged so more pay will be give to them, and more electricity bill come.
And if they are working few hours, than less rate and less electrical bill will be there which reflects the variable cost. So, these cost are considered variable cost. Thu, it would not be included in the fixed cost.
Hence, Oscar's fixed costs per month is $2,500
Answer:
a). The statement on the income tax form about the deduction for children and other dependents was simply unreadable.
b). The type of career that many graduates are hoping to pursue pay high salaries and provide long vacations.
c). Apparently, the use of robots in factories has been responsible for a great deal of worker dissatisfaction.
d). The problems associated with government deregulation have been responsible for the economic plight of several major airlines in recent years.
e). The impact of computers on our lives is comparable to the impact of the industrial revolution.
f). The amount of money and time I spend on computer games <u>is</u> more than I can afford.
Explanation:
Subject-verb agreement is described as the grammatical rule according to which the subject, as well as, the verb must agree with one another in number. As per the rules, if the subject(noun or noun phrase) is singular, it will take a singular verb while if the subject is plural(noun or noun phrase), it will carry a plural verb.
According to this rule, <u>the first and third sentence fails to follow this agreement</u>. The first sentence inadequately carries a plural verb 'were' with the singular noun ('The statement') and similarly, the third sentence wrongly employs plural verb 'have' with the singular noun 'the use.' The other sentences are grammatically appropriate as the verbs and noun phrases agree in number.
