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Ivenika [448]
3 years ago
7

Consider the following data to answer the following questions: Country GDP Population A $32,000 1,500 B $20,000 1,000 C $10,000

500 D $10,000 2,000 E $8,000 800 Although countries C and D have the same level of gross domestic product (GDP), country C has a level of per capita GDP that is ________ times that of country D.
Business
1 answer:
polet [3.4K]3 years ago
4 0

Answer: 4 times

Explanation:

GDP per capita is a way of measuring the wealth Distribution in a country. It is calculated by dividing the Gross Domestic Product by the population of the country. The aim usually is to see if the Country's economy is big enough considering the amount of people it has.

Country C has a GDP per capita of,

= 10,000/500

= $20

Country D has a GDP per capita of,

= 10,000/2,000

= $5

= 20/5

= 4

Country C has a GDP per capita that is 4 times that of C.

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International Joint Venture.

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7 0
2 years ago
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10. You manage a home improvement store. Your area has just been hit by a flood.
timofeeve [1]
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As for me personally, I would not raise prices in my business because I feel that is taking advantage of people in a bad situation. You know that they are going to need to supplies to help them fix flood damage and they will have no option but to buy the needed materials. However, if you raise prices it could backfire on you and they may go somewhere else to get the materials needed instead of shopping with you.
5 0
3 years ago
Assume that the banking system has total reserves of $200 billion. Assume also that required reserves are 12.5 percent of checki
Annette [7]

Answer: The answer is as follows:

Explanation:

Given that,

Total reserves = $200 billion

Required reserves = 12.5 % of checking deposits

Therefore,

(a) Money multiplier = \frac{1}{Required\ Reserve}

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                          = 8

(b) Money supply = Money multiplier × Total reserves

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(c) Now, if Fed increases the required reserves to 16% of deposits.

    New Money multiplier = \frac{1}{Required\ Reserve}

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                          = 6.25

    New Money supply = Money multiplier × Total reserves

                            = 6.25 ×  $200 billion

                            = $1,250 billion

    Money supply decreases to $1,250 billion.

8 0
3 years ago
Shirley qualifies for a $12,000 auto loan and chooses a 36-month loan term versus a 60-month loan term. How will the shorter ter
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