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bekas [8.4K]
4 years ago
7

Refer to the data below (all values are in billions): nominal gdp real gdp year gdp year gdp 2000 9,817 2000 12,560 2001 10,128

2001 12,682 2002 10,469 2002 12,909 2003 10,960 2003 13,271 2004 11,685 2004 13,774 2005 12,422 2005 14,234 2006 13,178 2006 14,614 2007 13,808 2007 14,874 2008 14,291 2008 14,830 2009 13,939 2009 14,419 2010 14,527 2010 14,784 2011 15,518 2011 15,021 2012 16,163 2012 15,369 2013 16,768 2013 15,710 (a) using the real gdp data in the table above, by how much did real gdp increase between 2000 and 2013? $ billion (b) by how much did nominal gdp increase between 2000 and 2013? $ billion
Business
1 answer:
UNO [17]4 years ago
4 0
When one has a confusing matrix with many entries, we need to seek what we need. We need only 4 values from this table, so identifying this fact makes our job easier.
(a) The real GDP in 2000 was 12,560 billion dollars. The real GDP in 2013 is 15,710. We have that their difference is: (GDP_{2013} -  GDP_{2000}) which is equal to 3,150 billion dollars.
(b)
The nominal GDP in 2000 was  9,817 billion dollars. The nominal GDP in 2013 is 16,768 billion dollars. Thus, their difference is (using the same formula and thinking as above) 6,951 billion dollars. We observe that the real GDP has increased faster (almost twice as much) as the nominal GDP in the period 2000-2013
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When originally purchased, a vehicle costing $23,040 had an estimated useful life of 8 years and an estimated salvage value of $
Novosadov [1.4K]

Answer:

$5,360

(not given in the options)

Explanation:

Depreciation is the systematic allocation of cost to an asset based on estimates. It is given as

Depreciation = (cost - salvage value)/useful life

When originally purchased, a vehicle costing $23,040 had an estimated useful life of 8 years and an estimated salvage value of $1,600

Annual depreciation = ($23,040 - $1,600)/8

= $2,680

After 4 years

Accumulated depreciation = 4 × $2,680

= $10,720

The net book value then

= $23,040 - $10,720

= $12,320  

Since the asset's total estimated useful life was revised from 8 years to 6 years and there was no change in the estimated salvage value

New depreciation = ($12,320  - $1,600)/2

= $5,360

The depreciation expense in year 5 equals $5,360

8 0
3 years ago
26. Which of the following best describes an entrepreneur? A) a person who forms and operates a business B) a person who invests
scoundrel [369]

Answer:

A) a person who forms and operates a business

Explanation:

An entrepreneur is a person who forms and operates a business. An entrepreneur is one of the factors of production. Other factors include land, labour and capital.

An entrepreneur takes up the financial risk of a business.

An entrepreneur earns profit or loss.

A shareholder is a person who invests in an existing business

A bondholder is a person who lends capital to a new business

I hope my answer helps you.

3 0
3 years ago
A beneficiary acquired stock from a decedent. The stock's fair market value at the date of the decedent's death was $500,000. Th
Ivanshal [37]

Answer:

Beneficiary recognized gain is $510000.

Explanation:

The amount paid by the decedent for the stock = $280000

The market value of the stock at the time of death = $500000

The selling price or the amount received by the beneficiary by the sell of stock = $510000

Since the recognized gain is calculated by subtracting the amount paid by the person to buy the stock from the amount that he receives from the sale of stock. But in this case, the beneficiary pays zero for the stock but gets all the money after selling.

Beneficiary recognized gain = amount received from the sell – the amount paid by the beneficiary.

= $510000 – 0

= $510000

7 0
4 years ago
What makes the demand for u. s. dollars change? in world demand for u. s. exports ______ the demand for u. s. dollars. a in the
loris [4]

In the world demand for US, exports <u>increase</u> the demand for US dollars. a in the US interest rate differential <u>decreases</u> the demand for US dollars

An interest rate tells you how excessive the cost of borrowing is, or excessive the rewards are for saving. So, if you're a borrower, the interest charge is the quantity you're charged for borrowing cash, proven as a percentage of the total amount of the mortgage.

Traditionally, the guideline of thumb is that refinancing is a superb idea if you can reduce your interest rate by way of a minimum of 2%. but, many creditors say 1% financial savings is sufficient of an incentive to refinance.

As interest rates circulate up, the value of borrowing becomes more costly. because of this call, lower-yield bonds will drop, causing their price to drop. As interest prices fall, it will become less complicated to borrow money, and plenty of corporations will issue new bonds to finance growth.

Learn more about interest rates here brainly.com/question/2151013

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5 0
2 years ago
When making a payment of FUTA taxes, the employer must make the payment by the: a.10th of the month after the quarter. b.end of
Murljashka [212]

Answer:

Correct option is D.

<u>End of the month after the quarter.</u>

Explanation:

FUTA taxes must be paid quarterly by the last day of the month following the end of the calendar quarter.

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5 0
3 years ago
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