Answer: False
Explanation:
Mr. Garcia should not accept the planner's ideas without critical evaluating the point the planner gave when he was discussing with him.
Mr Garcia should give his opinion on the issue raised by the planner and make inquiries so that the planner will give more detailed analysis regarding the investment.
The evidences gotten while discussing with him can be used to determine if the project is worth it or not.
Answer: Currency is converted to common currency, GDP is divide by population and compare GDP per Capita
Explanation:
GDP is measured in a countries currency. When Comparing a GDP of one country to the GDP of another country currency is converted into a common currency. Currency can be converted using exchange rate. the GDP of one country will then be expressed in the currency of another country using the exchange rate.
Some countries have a high number of population than others, for example China has more people than Mexico. therefore measure GDP and The standard of living between countries GDP will need to be divided by population which will give us GDP per capita which measures the standard of living by showing the GDP per person
Answer: a. 2.90%
b. 2.81%
Explanation:
Nominal rate = 6%
Inflation rate = 3.1%
a. What is the approximate real rate of interest?
The approximate real rate of interest will be calculated as:
= Nominal rate - Inflation rate
= 6.0% - 3.1%
= 2.90%
b. What is the exact real rate?
Exact real rate will be calculated as:
= (nominal-inflation) / (1+inflation)
= (6.0% - 3.1%) / (1 + 3.1%)
= 2.9% / 1.031
= 2.81%
Answer:
<u><em>D. Personal Income</em></u>
The sources of Federal Revenue are listen below:
