Answer:
The growth rate in nominal GDP is 19.72%
Explanation:
Nominal GDP is the value of goods and services produced in an economy in a particular year and it is not adjusted for inflation.
Nominal GDP Year 1 = 100 * 3 + 75 * 8 = $900
Nominal GDP Year 2 = 110 * 3.25 + 80 * 9 = $1077.5
The growth rate in nominal GDP can be calculated by using the following formula,
Growth rate = (Nominal GDP Year 2 - Nominal GDP Year 1) / Nominal GDP Year 1
Growth rate in GDP = (1077.5 - 900) / 900 = 0.1972 or 19.72%
Answer:
Foundation
Explanaion:
Nina runs a small cafeteria in her neighborhood. Recently, she installed some coffee machines and other utilities in her café. Nina ordered Foundation goods.
I got this right on plato
Answer:
The economy of the Gilded Age was characterized by:
(i) economic growth and high unemployment among unskilled workers.
(ii) a deep recession in which high unemployment fueled massive and rebellious social change.
(iii) slow economic growth and high unemployment among the middle class.
(iv) rapid economic growth and social change.
Economy:
Economy simply indicates an arrangement in which the people are indulged in consumption, and other economic activities. No arrangement can ever be said as an economy without the prevalence of economic activities.
Answer and Explanation: 1
The correct answer is (iii) slow economic growth and high unemployment among the middle class
In the US, glided age resembles the scenario prevailing in the last phase of 19th century. The primary feature of this age is the slower pace of economic growth. This indicates when the economy is least indulged in industries. Also, several people stay unemployed despite lying within middle-income classes. This is because if the people lying in the middle class are unemployed, then it could be understood that poverty would be extreme in an economy.
Answer:
The break even point in units is 2,425.33.
Explanation:
The break even point is how many units you have to sell to pay the fixed costs. The selling price per unit is 124 and the cost per unit is 94. The contribution margin is 124-94 = 30. This means that per every unit you sell, you have $30 for paying the fixed costs. So, the total units for paying all the fixed costs are 72,760/30 = 2,425.33.