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sp2606 [1]
3 years ago
12

In Macroland, potential output equals exist100 trillion and the natural rate of unemployment is 4 percent.

Business
1 answer:
maxonik [38]3 years ago
7 0

Answer:

GDP gap =  -2 %

GDP gap = 2%

Explanation:

given data

potential output = 100 trillion

natural rate unemployment = 4 percent

solution

we know as per the Okun's law

the GDP gap will be =  -2%  ( for every 1% )

the actual unemployment rate exceeds its natural rate

so here  if actual unemployment rate = 5 %

GDP gap will be

GDP = ( 5% -  4% ) × -2

GDP gap =  -2 %

and

when  actual unemployment rate = 3%

so GDP will be

GDP gap = ( 3% -  4% ) × -2

GDP gap = 2%

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is year, Amy purchased a personal residence at a cost of $1,000,000. She borrowed $800,000 secured by the home to make the purch
Irina18 [472]

Answer:

 Deductible Interest is $11,250

Explanation:

Compute at the amount of $750,000 the interest Amy could deduct as follows:

Since the interest on loan secured by home could be deduct on the first $750,000 borrowing amount. Hence,

 Deductible Interest = Interest Paid × ($750,000 / Loan Secured by income)

 Deductible Interest = $12,000 × ($750,000 / $800,000)

 Deductible Interest = $11,250

Hence, the Amy could deduct interest on borrowing $11,250

3 0
3 years ago
If a nation has gdp of $12,500 billion and gdp per capita of $62,500, what is the nation's population?
ira [324]

$12,500,000,000/$62,500 = 200,000,000

What Is the GDP Per Capita?

A country's economic output is broken down by its per-capita gross domestic product (GDP), which is derived by dividing the GDP by the population.

By dividing a country's GDP by its population, the per capita GDP may be used to measure a nation's economic production per person.

Economists use it along with GDP to examine a country's prosperity based on its economic growth. It is a global indicator of a country's level of prosperity. It is frequently evaluated alongside GDP, enabling economists to compare the productivity of different nations. The analysis of the global per capita GDP offers information on the health and trends of the world economy. The greatest per capita GDPs are typically found in small, wealthy countries and more advanced industrialized nations.

A comparative understanding of economic prosperity and global economic advancements can be gained by analyzing GDP per capita on a global scale. The per capita calculation takes into account both GDP and population. Therefore, the highest GDP per capita may or may not be found in the highest GDP countries.

To lean more about GDP Per Capita from the given link.

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8 0
1 year ago
By lowering production costs, _____ help domestic producers compete against foreign imports. subsidies duties quotas tariffs
MrRa [10]
By dropping production costs, subsidies aid domestic manufacturers strive in contrast to foreign imports and attainment export markets. Subsidies proceeds many forms as well as cash grants, low interest loans, tax breaks and government equity contribution in domestic companies. Government subsidies should be paid for or usually by taxing people and businesses. The biggest protectors of the agricultural subsidies are the industrialized nations of the world and the consequence of subsidies is subsidies protect inefficient domestic producers. Conferring to the strategic trade policy, subsidies can assist a company to attain a first mover benefit in an developing industry. Non-tariff obstructions which comprise of subsidies, quotas, voluntary export restraints and anti dumping duties. 

4 0
3 years ago
who was a sole practitioner, about representing him before a governmental board. Due to a conflict of interest arising from the
gladu [14]

Answer:

yes

Explanation:

Based on this scenario, it can be said that yes the attorney's actions are proper because the referral fee was reasonable. A standard referral fee percentage could be around 10% for a closed job, starting at around 2-5% for e-mail introductions and even up to 15-20% for referrals where the referrer deals alone with the client. As long as the referral fee is reasonable and the attorney is not taking advantage then his/her actions are proper and ethical.

3 0
3 years ago
Suppose the countries of Iceland and Norway set up a free trade area, eliminating all trade barriers between themselves but main
geniusboy [140]

Answer:

Trade Bloc

Explanation:

Trade Bloc is a type of agreement between two sovereign nations in which barriers to trade are either reduced or totally eliminated between the two nations. This type of agreement can either be one agreement between several nations or a part of a regional organization.

So, the example of Iceland and Norway is an example of a trade bloc.

8 0
3 years ago
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