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3 years ago

_____ is Gross Domestic Product divided by a country's population.

Business

2 answers:

AlladinOne [14]3 years ago

8 0

Answer:

GDP per capita

Explanation:

GDP is the sum of all goods and services produced by an economy over a given period of time. It is the main indicator of a capitalist economy, since it is the GDP that earns the wealth of the nation. Per capita GDP is an indicator that aims to measure the average wealth of a country's population. To calculate GDP per capita, the value of GDP is divided by the total population of the country.

kicyunya [14]3 years ago

3 0

Answer: The answer is GDP per capita.

GDP per capita is Gross Domestic Product divided by a country's population.

Explanation: Gross Domestic Product (GDP) per capita refers to dividing the country’s Gross Domestic Product by its population. It measures the country’s economic output that account for the country’s total population. Gross Domestic Product (GDP) per capita is the best measurement of a country’s standard of living.

Gross Domestic Product means the total number of goods and services produced in the country within a year.

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Journalize the following transactions into the general journal in accordance with the rules of Journalizing, and the Double-entr

olga_2 [115]

Answer:

A MS Excel file is attached for the Journal general , please find it.

Explanation:

Entries to be Journalized

Date Account DR. Cr.

March 24 Cash $26,000

Owner's Capital $26,000

September 8 Cash $6,500

Account receivable $6,500

Download xlsx

6 0

3 years ago

Backstreets Co. recently acquired all of Jungleland Inc.’s net assets in a business acquisition. The cash purchase price was $6.

sveta [45]

Answer:

The goodwill is $1.1 million

Explanation:

In this question, first we have to compute the net asset which is shown below:

Net asset = Total asset - total liabilities

where,

Total asset = Land + building + inventory

= $1.7 million + $3.4 million + $2.2 million

= $7.3 million

And, the total liabilities = long term note payable = $1.5 million

So, the net asset would equal to

= $7.3 million - $1.5 million

= $5.8 million

Now the goodwill equal to

= Cash purchase price - net asset

= $6.8 million - $5.8 million

= $1.0 million

7 0

3 years ago

Competition in a market system denotes a condition where A. the diffusion of economic power limits its potential abuse. B. any g

iragen [17]

Answer:

The answer is: A) the diffusion of economic power limits its potential abuse.

Explanation:

Ina market system, producers will be willing to offer what consumers are willing to pay. That means that consumers are "kings" if competition exists in a market. Consumers should be able to choose what product suits them best and satisfies their needs. A large number of suppliers guarantees more consumer satisfaction.

Problems start when competition starts to vanish and monopolies appear.

7 0

3 years ago

The annual average CPI for 2016 was 240.5. If the CPI for 2010 was 218.1, then what was the inflation rate for the years 2010-20

aksik [14]

Answer: 9.31%

Explanation:

The Consumer Price Index (CPI) is able to check the price change per year by pricing a fixed basket of goods in different years. It can be used to calculate inflation with the formula;

Inflation rate = (CPI target year - CPI base year / CPI base year) *100

= $\frac{240.5-218.1}{218.1} * 100%$

=9.31%

8 0

3 years ago

On December 31, 2021, Perry Corporation leased equipment to Admiral Company for a five-year period. The annual lease payment, ex

ivanzaharov [21]

Answer:

$20,000

Explanation:

Calculation to determine by what amount will Perry's earnings increase due to this lease

Using this formula

Selling price=Fair value-Cost

Let plug in the formula

Selling price=$125,000-$105,000

Selling price=$20,000

Therefore The amount that Perry's earnings will increase due to this lease is $20,000

3 0

3 years ago