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stepladder [879]
3 years ago
14

Suppose that nominal GDP was $10000000.00 in 2005 in Orange County California. In 2015, nominal GDP was $12000000.00 in Orange C

ounty California. The price level rose 1.50% between 2005 and 2015, and population growth was 3.50%. Calculate the following figures for Orange County California between 2005 and 2015. a. Nominal GDP growth was %.
Business
1 answer:
amid [387]3 years ago
6 0

Answer:

50%

Explanation:

Here is important to know that when we have the inflation rate (1,50% in this case) this indicator is enough to get the effect of the prices in an economy and get the nominal GDP affected by prices, so if the price level is 1,50% after the comma we have the average of the growth.

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Item weight is the:______________. 1. Measure of how much consumers demand a particular item. 2. Percentage of the typical consu
erica [24]

Answer:

2) Percentage of the typical consumer budget spent on the item.

Explanation:

In microeconomics, item weight refers to the money spent on purchasing a specific product with respect of the total money spent in total purchases. Item weight is usually measured as a percent of a specific purchase over the total purchases made by a consumer or household.

4 0
3 years ago
Philippa is getting ready to start preparing the income statement for General Graders, a company that manufactures graders used
melamori03 [73]

The financial document that Philippa has already prepared is the cost of goods manufactured schedule.

<h3>What is a financial document?</h3>

It should be noted that a financial document simply means a document that's necessary in an organization to carry out transactions.

In this case, since Philippa is getting ready to start preparing the income statement for General Graders, the financial document that Philippa has already prepared is the cost of goods manufactured schedule.

Learn more about financial documents on:

brainly.com/question/2806276

5 0
2 years ago
The _____ is the way in which each country’s economy links to other countries’ economies.
Burka [1]
<span>It's definitely: Global economy</span>
6 0
3 years ago
A determination of whether consideration exists depends on a comparison of the values of the things exchanged.
Ann [662]
I think the answer would be true :)
4 0
3 years ago
Assume that in 2015, the first edition of a comic book was sold at auction for $1,920,000. the comic book was originally sold in
alina1380 [7]
Let
x------------------- > cost comic book sold in 1942--------------> <span>$1,920,000
</span>y------------------- > cost comic book sold in 2015--------------> $0.09
t------------------ > time---------------> (2015-1942)= 73 years
z-----------------> average increase per year

we know that
<span>z={[(x-y)/y]/t}*100
</span>then

z={[(1920000-0.09)/0.09]/73}*100=29,223,743 %

the answer is 29,223,743 %



4 0
3 years ago
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