Answer:
Given that
India GDP = 119 trillion rupes
USA GDP = $16.5 trillion
61 rupes = 1 dollar
Therefore
India GDP = 119/61 = $1.95 trillion.
a. Ratio of India GDP to US GDP
= 1.95 : 16.5
That is (1.95 ÷ 16.5) × 100
= 11.818%
Thus,
India GDP is approximately 11.82% of USA GDP.
b. Given that price level = 0.280
Thus,
Real GDP ratio
= 0.11818 ÷ 0.280
= 0.422
Therefore, in terms of purchasing power, India GDP = 42.2% of USA GDP.
c. The reason why they are different is because the second ratio accounts for the facts that goods and services costs less in India than in USA.
Rents of $750.00 per month on each unit of a 4-plex are current. For an October 16th closing, the rent proration on the settlement statement would be $1,548.38 Credit Buyer & Debit Seller.
-Seller must pay buyer for the days the buyer owns the property, Oct 16 - 31, 16 days. $750 x 4 /31 = $96.77 per day x 16 = $1548.38
<h3>What does it mean to prorate your rent?</h3>
The amount a landlord charges is referred to as "prorated rent" and is only applied to the days the unit is occupied when a resident occupies it for a short period of time (a month, week, day, etc.). Given that daily rates are frequently more expensive, it is based on monthly rates instead than daily rates.
You must first determine the daily rent in order to figure out how much prorated rent will be. Divide the overall rent payment by the number of days in a month to arrive at this. Then double the acquired daily rent amount by the number of days you will be occupying the property during that month.
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Answer:
no they are balance sheet items
Explanation:
B.
The bus company has monopoly over the bus service in the town because it has no competitors.
