Answer:
The answer is He will except any offer made to him.
Explanation:
If Joseph prefers more money to less, ___He will except any offer made to him._____. Because he wants the money.
Yes, the given statement can be marked as true as it would indicate a larger rise in prices relative to a decrease in output.
<h3>Why would Nominal GDP increase but real GDP decrease?</h3>
When nominal GDP increases and it is higher than real GDP, then it shows that inflation is occurring but when real GDP is higher than nominal, then it means deflation is occurring.
In an economy with a high inflation, it will experience an increase in nominal GDP no matter if the real amount of goods and services produced decreases.
The GDP deflator measures the the overall change in prices in an economy, by using the ratio between real and nominal GDP.
Learn more about the real and nominal GDP here:-
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Answer:
Fiduciary
Explanation:
Fiduciary is a person or organization which acts on behalf of another person to manage assets. The fiduciary must act in others' best interests. A fiduciary is responsible for both general well being and the finances of their clients. Financial advisers, Money managers, Bankers and Accountants, they all have fiduciary responsibilities.
The answer is a request for proposal
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Formula for the monthly payment:
M = P * r * ( 1 + r )^n / (( 1 + r )^n + 1 )
where: P = $100,000 r = 0.12 : 12 = 0.01 n =12 * 5 = 60
M = 100,000 * 0.01 * ( 1 + 0.01 )^60 / (( 1 + 0.01 )^60 + 1 ) =
= 1,000 * ( 1.01 )^60 / (( 1.01 )^60 + 1 ) =
= 1,000 * 1.8167 / 0.8167 = 1,000 * 2.22444 =
= $2,224.44
The monthly payment is $2,224.44.