1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
viva [34]
2 years ago
7

Which statement represents most correctly the relationship between nominal GDP and real GDP?

Business
1 answer:
Nady [450]2 years ago
8 0

Answer:

The answer is: C) Nominal GDP measures current production using current prices, whereas real GDP measures current production using base-year prices.

Explanation:

Nominal GDP measures the production of total finished products and services within a country during a particular period using the current prices of the products and services. Real GDP measures the production of total finished products and services within a country during a particular period using base-year prices of the products and services.

Nominal GDP doesn't take in account inflation, while real GDP is adjusted by inflation. Nominal GDP is also higher than the real GDP since recent prices are higher than the base-year prices (due to inflation). Real GDP can be used to compare the economy's evolution over periods of time.

You might be interested in
Labor productivity on the Cleveland Tools Inc. assembly line was 33 units per hour in 2019. In 2020, labor productivity was 35 u
elena-14-01-66 [18.8K]

Answer:

Productivity Growth = 6.1%

Explanation:

Productivity Growth = Current Productivity - Previous Productivity/ Previous Productivity

Productivity Growth = 35-33/33=2/33= 0.0606 or 0.061*100= 6.1%

Productivity Ratio =  Output/ Input

Labor Productivity=  No of Units/ No of Employees

A preferable approach to productivity measurement is to record multiple physical measures that capture the most important determinants of a company's productivity.

7 0
3 years ago
Every product manufactured by the maker of slim-fast carries the slim-fast brand name. this company uses __________.
butalik [34]
Your answer is A, multibranding.
4 0
3 years ago
An entity has decided to focus strictly on producing and selling one type of teddy bear. For the upcoming year, the entity hopes
Yuki888 [10]

Answer:

29,143

Explanation:

Profit target = 25% on sales

Fixed cost = $51,000

Variable cost = $9.50 per unit

Sales price per unit = $15

To achieve profit target, let the number of units sold be y

Total sales = 15y

Total variable cost = 9.5y

Profit = 0.25 × 15y

         = 3.75y

Sales - Cost = profit

15y - (51000 + 9.5y) = 3.75y

15y - 9.5y - 3.75y = 51000

1.75y = 51000

y = 51000/1.75

y = 29143

29,143 bears must be sold to meet the profit goal.

8 0
3 years ago
What is the usual term for spending on infrastructure, production facilities, or anything else that will increase future product
ololo11 [35]

Capital Investment. Capital investment includes spending money on equipment, factories, etc that will help the business be productive in the future.

7 0
2 years ago
Marple Company's budgeted production in units and budgeted raw materials purchases over the next three months are given below:
Vlada [557]

Answer: 75,000 units

Explanation:

Come up with an expression to solve this.

Assume the budgeted production needed is P.

P needs 2 pounds of raw materials per unit so raw materials needed are 2P.

Beginning raw materials for February have to be 30% of the needs of February;

= 30% * 2P

= 0.6P

Ending raw materials for February have to be 30% of March needs so;

= 30% * 100,000 * 2 pounds

= ‭60,000‬ pounds

So;

Budgeted raw materials purchase for February = Raw materials needed + Ending raw materials - Beginning raw materials

165,000 = 2P + 60,000 - 0.6P

1.4P = 165,000 - 60,000

P =  (165,000 - 60,000) / 1.4

= 75,000 units

5 0
2 years ago
Other questions:
  • The expense recognition (matching) principle, as applied to bad debts, requires: Multiple Choice That bad debts not be written o
    15·2 answers
  • The operations process includes which of the following activities?
    5·1 answer
  • On December 27, 2019, the directors of Partridge Corporation, an accrual basis calendar year taxpayer, authorized a cash contrib
    10·1 answer
  • Benjamin is an engineer with the Lego Group in Bellund, Denmark, manufacturers of Lego toy construction blocks. He is responsibl
    11·1 answer
  • An investment project is expected to generate earnings before taxes (EBT) of $60,000 per year. Annual depreciation from the proj
    13·1 answer
  • Why are rules protecting private property some of the most important rules in a free market system?
    13·2 answers
  • In each of the following separate cases, indicate whether the company has entered into a finance lease or an operating lease. 1.
    10·1 answer
  • Suppose good X and good Y are perfect complements to each other. The kinks of indifference curves are along the y=2x straight li
    15·1 answer
  • An ISP is granted a block of addresses starting with 150.80.0.0/16. The ISP wants to distribute these blocks to 2600 customers a
    14·1 answer
  • Do interest rates matter for credit cards?
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!