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tensa zangetsu [6.8K]
3 years ago
14

GDP can rise as a result of a rise in __________________, and Real GDP can rise as a result of a rise in _______________________

. Select one: a. prices or output; prices only. b. prices only; prices or output. c. prices or output; output only. d. prices or output; prices or output.
Business
1 answer:
dmitriy555 [2]3 years ago
3 0

Answer:

The correct answer is letter "C": prices or output; output only.

Explanation:

The Gross Domestic Product (GDP) is a measure of the value of all production of a country during a specific period. The factors of GDP are <em>government spending, private consumption, investment, </em>and<em> net exports (exports minus imports)</em>.  

The real GDP represents the changes in real production. It is the GDP adjusted for inflation. <em>Real GDP changes only if there are fluctuations in the output. GDP changes in front of changes in price and output.</em>

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In the _____________ model inflation is caused by owners of resources (including labor) increasing their prices that result in i
dimaraw [331]

Answer:

In the cost-push model inflation is caused by owners of resources (including labor) increasing their prices that result in increases in product prices throughout the economy.

Explanation:

Inflation is an increase in the price of goods and services caused by a number of factors in the economy. There are two major types of inflation models;

<em>1. Cost-push inflation</em>

A cost-push inflation is an increase in prices caused by an increase in the production cost. The increase in production cost can be caused by items such as; cost of labor, raw materials or resources that are useful in the manufacture or operation of other products. This increase in production cost in turn increases the product prices of its associated products.

<em>2. Demand pull inflation</em>

Demand pull inflation is an increase in prices caused by an increase in the demand for the product. When the consumer demand for a certain product increases, the price of the particular product also increases. This is majorly due to the fact that a high demand causes the available supply to diminish leading to limited resources. When the demand supersedes the supply, consumers are willing to pay higher for the product.

8 0
3 years ago
Week 5 Quiz - Saving (15pts) 1. If the interest rate on a savings account is 0.01%, approximately how much money do you need to
Mazyrski [523]
I will try my best to answer:

1. <span> c.$10,000
2. </span><span>a.Traditional Bank, Credit Union, Online Bank 
3. </span><span>c.Use a budget to determine how much you can save, then automate the savings by direct depositing that amount from each paycheck
4. False
5. </span><span>c. Invest for your retirement in an IRA </span>
7 0
3 years ago
Read 2 more answers
On August 2, 2013, Jun Co. receives a $6,000, 90-day, 12% note from customer Ryan Albany as payment on his $6,000 account.
vodka [1.7K]

Answer:

Aug 2 2013   Notes Receivable  6000 Dr

                           Accounts Receivable   6000 Cr

Oct 31 2013  Interest Receivable  180 Dr

                          Interest Revenue       180 Cr

Oct 31 2013  Cash                        6180 Dr

                         Notes Receivable      6000 Cr

                         Interest Receivable      180 Cr

         

Explanation:

When the note is received, the customer account will be closed and accounts receivable will be credited while a new asset of notes receivable will be created and notes receivable is debited.

The interest on notes receivable is calculated assuming a 360 day year and the 12% is annual interest rate.

The interest on note is 6000 * 0.12 * 90/360 = $180

The interest is income so wull be credited while as it is receivable, the interest receivable will be debited.

On 31 October when the note is honored and cash is received, it will be total of principal + interest so cash = 6000 + 180 = 6180

As a result, the assets notes and interest receivables will be closed and credited against cash.

8 0
4 years ago
Every year, Professor Dumbledore assigns the instructors at Hogwarts to various faculty committees.
aniked [119]

Answer:

Explanation:

Base on the scenario been describe in the question, the algorithm that describe professor Dumbledore’s problem, or correctly

reports that there is no valid assignment whose total cost is finite is written as follows; Dumbledore needs to assign instructors to committees so that (1) each committee is full, (3) no

instructor is assigned to more than three committees, (2) only suitable and willing instructors

are assigned to each committee, and (4) the total cost of the assignment is as small as possible.

Describe and analyze an efficient algorithm that either solves Dumbledore’s problem, or correctly

reports that there is no valid assignment whose total cost is finite

.

6 0
3 years ago
Food should be stored at least which distance from the floor?
trapecia [35]
I think the correct value to fill in the blank would be 6 inches. Food should be stored at least 6 inches off the floor and 18 inches from the walls in order to decrease the possible condensation in the food that is brought by the differences in the temperature between the surface and the container of the food. 
8 0
4 years ago
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