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Galina-37 [17]
3 years ago
14

g Assume the GDP deflator falls from 162 to 157. This means that Group of answer choices the average price level is growing more

slowly. nominal GDP is decreasing. the average price level has fallen. real GDP is decreasing.
Business
1 answer:
Vlad1618 [11]3 years ago
8 0

Answer: Average price level has fallen

Explanation:

The Gross Domestic Product measures the monetary value of all goods produced in a country for a fiscal year. The GDP deflator measure price changes over time so that the current prices can be accurately compared to historical prices.

The GDP deflator measures price inflation and is calculated by dividing the Nominal GDP by the real gdp and then multiplying by 100.A decrease in the GDP price deflator shows that that the increase in the aggregate price level of prices is smaller when compared to the base year. When a GDP deflator falls from 162 to 157, it means that average price level has fallen.

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Regina finds a new car costing $25,000 and a used car costing $17,000. Which car will have higher insurance premiums and why?
GaryK [48]
The used car will have higher insurance premiums because there is a higher chance that it will malfunction and that they will have to pay for your expenses. A new car is cheaper when it comes to premiums because it is expected to last and the insurance companies are safer in this regard.
3 0
3 years ago
A certain person goes for a run each morning. when he leaves the house for his run, he is equally likely to go out either the fr
boyakko [2]
<span>if there are no shoes at the door from which he leaves to go running, he runs barefoot. but i would think this to be a math probability question</span>
7 0
3 years ago
What is the IRR of the following set of cash flows? (Do not round intermediate calculations. Enter your answer as a percent roun
MrRissso [65]

Answer: 14.59%

Explanation:

The Internal Rate of Return(IRR) is the discount rate that brings the Net Present Value to zero. It is used to decide the viability of projects. The project is generally considered viable if the Cost of capital is less than the IRR.

You can use Excel to calculate the IRR;

= IRR(-15,800,6,500,7,800,6,300)

From the picture attached you can see that the IRR is 14.59%

3 0
3 years ago
Ketchup is a complement (as well as a condiment) for hot dogs. If the price of hot dogs rises, the quantity of hot dogs demanded
-BARSIC- [3]

Answer:

Fall; lowers; falls; decrease; lower; increases; fall; away from orange juice and toward tomato juice; falls.

Explanation:

Ketchup is a complement and condiment in hot dogs. An increase in the price of hot dogs will cause its quantity demanded to fall. This will cause the demand for ketchup to decrease as well. The demand curve for ketchup will move to the left. This will cause the equilibrium quantity to fall. This will further cause a reduction in the demand for tomatoes by ketchup producers.

A decrease in demand will cause the equilibrium price of tomatoes to fall. A reduction in the price of tomatoes will lower the cost of producing tomato juice. The firms will be able to supply more at the same cost. This will cause the supply to increase. As the supply curve moves to the right, the equilibrium price of tomato juice will fall.

Orange juice is a substitute for tomato juice. The consumers will prefer the cheaper substitute. As a result, demand will move away from orange juice towards tomato juice. This will cause the demand for orange juice to fall.

4 0
3 years ago
When the insured knows more about their circumstances than the insurer, there is
elena-s [515]

When the insured party knows more about his or her circumstances than the insurer, then there is: B. All of these.

<h3>What is an insurance company?</h3>

An insurance company is a business firm that is establish to collect premium from all of the insured for losses which may or may not occur, so they can easily use this cash to compensate or indemnify for losses incurred by those having high risk.

In Economics, when the insured party knows more about his or her circumstances than the insurer, then there is:

  • Adverse selection
  • Propitious selection
  • Moral hazard
  • Asymmetric information

Read more on insurance here: brainly.com/question/16789837

#SPJ1

4 0
1 year ago
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