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
sergejj [24]
3 years ago
8

The chart gives prices and output information for the country of Utopia. Use this information to calculate real and nominal GDP

for both years. Use 2017 as the base year. 2016 2017 Price Quantity Price QuantityIce cream $7.00 600 $3.00 400Blue jeans $70.00 20 $20.00 90Laptops $300.00 5 $300.00 52016 nominal GDP: $2016 nominal GDP: $2017 nominal GDP: $2017 nominal GDP: $2016 real GDP: $2016 real GDP: $2017 real GDP: $2017 real GDP: $
Business
1 answer:
Mrac [35]3 years ago
4 0

Answer:

Explanation:

The chart below gives prices and output information for the country of Utopia. Use this information to calculate real and nominal GDP for both years. Use 2017 as the base year.

Year                 2016             2017  

                      Price      Quantity Price Quantity  

Ice Cream $7.00        600      $3.00 400

Blue Jeans $70.00          20       $20.00   90

Laptops       $300.00            5       $300.00     5

2016 nominal GDP = $_(7 x 600) + (70 x 20) + (300 x 5)_ =  $7,100

2017 nominal GDP = $_(3 x 400)+(20 x 90) + (300 x 5)_  = $4,500

2016 real GDP = $__(7100-4500)/ 4500)) / change in ice cream price of 50%+ change in blue jean price of (70-20/20) 250%_______

= 0.57/3 = 0.19% growth. Technically the economy was better in 2016 than in 2017.

2017 real GDP = will be same as nominal, hence no growth  since this is the base year

You might be interested in
1. A metal box of weigh 20 N rests on its 1 m by 0.6m side on floor. How
BARSIC [14]

answer:

explanation: Pressure = force / area

P = 20/ 1×0.6

P = 20/0.6

P = 33,33 N/m^2

4 0
3 years ago
Hong le buys a car costing $14,000. he agrees to make payments at the end of each monthly period for 4 years. he pays 7% interes
DerKrebs [107]
Use the formula of the present value of an annuity ordinary to find the monthly payment
The formula is
Pv=pmt [(1-(1+r/k)^(-kn))÷(r/k)]
Pv present value 14000
PMT monthly payment?
R interest rate 0.07
K compounded monthly 12
N time 4years
Solve the formula for PMT
PMT=pv÷[(1-(1+r/k)^(-kn))÷(r/k)]
PMT=14,000÷((1−(1+0.07÷12)^(
−12×4))÷(0.07÷12))
=335.25

Total payments
335.25×12 months×4years
=16,092

Total amountof interest
16,092−14,000
=2,092

Hope it helps!
3 0
3 years ago
are most necessary where local members work on a project basis and move between employers as work is finished on one project and
erastovalidia [21]

Business agents are most needed when local members work on projects and move between employers.

<h3 /><h3>What is a Business Agent?</h3>

Corresponds to a professional position where an individual is responsible for running a business of a company for the time, conditions and responsibilities provided for by a contract.

This professional can act in different ways in an organization or a group, being a project leader, financial manager, carrying out negotiations, being public relations of the company and others, depending on the needs of the company in question.

Therefore, a business agent is a positive way for a company to achieve a certain objective, such as a project with a certain time to start and end, being the agent responsible for managing the course of actions for the company to achieve its objectives and goals.

Find out more about business agent here:

brainly.com/question/7284696

#SPJ1

3 0
1 year ago
Seamus O’Malley is rightfully worried about governance (i.e., making sure that the enterprise architectural standards are adopte
Black_prince [1.1K]

Answer:

For best administration rehearses one can follow these:  

1) Build a solid, qualified directorate and assess execution: Boards should be contained executives who are learned and have inclination applicable to the business and are qualified and prepared and have solid ethics and trustworthiness, contrasting foundations and scopes of capacities, and sufficient time to concentrate on their commitments. How might you fabricate – and keep – such a Board?  

  • Perceive holes in the current boss enhancement and the perfect characteristics and qualities, and keep an "ever-green" overview of reasonable possibility to fill Board opportunities.  
  • Most of chiefs should be self-sufficient: not a person from the board and with no prompt or underhanded material relationship that could interfere with their judgment.  
  • Develop a drew in Board where chiefs pose inquiries and challenge the executives and don't just "versatile stamp" the board's suggestions.  
  • Teach them. Give new executives a direction to acquaint them with the business, their commitments and the Board's desires; spare time in Board social events for on-going training about the business and administration matters.  
  • Routinely overview Board commands to survey whether Directors are fulfilling their commitments, and embrace important assessments of their exhibition.  

2) Define jobs and obligations: Set up away from of duty among the Board, Chair, CEO, Executive Officers and the board:  

  • Make created orders for the Board and each warning gathering setting out their commitments and accountabilities.  
  • Operator certain duties to a sub-social affair of boss. Typical committees include: survey, appointing, compensation and corporate organization sheets of trustees and "extraordinary boards" molded to evaluate proposed trades or openings.  
  • Make formed position depictions for the Board Chair, Board warning gatherings, the CEO and authority authorities.  
  • Separate the jobs of the Board Chair and the CEO: the Chair drives the Board and promises it's acting in the association's long stretch inevitable advantages; the CEO drives the board, makes and executes the business framework and reports to the Board.  

3)Emphasize trustworthiness and moral managing: Not solely should administrators articulate hopeless circumstances and keep away from settling on issues in which they have an interest, be that as it may, a general culture of honesty in business managing and of respect and consistency with laws and courses of action unafraid of recrimination is essential. To make and build up this culture:  

  • Get a beyond reconciliation circumstance approach, a code of business lead setting out the association's requirements and strategy to report and oversee opposition, and a Whistle-blower game plan.  
  • Make someone obligated for oversight and the leading group of these game plans and strategy.  

4) Evaluate execution and settle on principled remuneration choices. The Board should:  

  • Set boss' charges that will attract sensible up-and-comers, in any case, won't show up of conflict in an official's opportunity or arrival of her commitments.  
  • Develop quantifiable execution centers for legitimate authorities (checking the CEO), routinely overview and assess their presentation against them and tie remuneration to execution.  
  • Develop a Compensation Committee contained self-governing boss to make and direct authority pay plans (checking esteem based ones like speculation opportunity plans).  

5) Engage in powerful hazard the executives: Organizations should reliably perceive and assess the dangers they face, including monetary, operational, reputation, biological, industry-related, and genuine dangers:  

  • The Board is obligated for the imperative activity in setting up the association's hazard strength and building up a framework and clear accountabilities for overseeing hazard. It should routinely review the sufficiency of the structures and controls the executives sets up to recognize, assess, ease and screen chance and the ampleness of its revealing.  
  • Boss are careful to appreciate the present and rising short and long stretch dangers the association faces and the show recommendations. They should challenge the executives' assumptions and the adequacy of the association's hazard the executives methodology and techniques.
7 0
3 years ago
Effect of Transactions on Accounting Equation
PolarNik [594]

Answer:

<u>ASSET         =            LIABILITY                 +                CAPITAL </u>

                                  Loan 80000

                                (previous-given)

-115000 (Lot)               No Effect                                     183000

+298000 (Cash)    

                                   

-80000 (Cash)              -80000 (Loan)

Explanation:

Accounting Equation : Assets = Capital + Liabilities

Previous Given Information : Loan Rs 80000

The Vacant lot costing 115000 decreases the asset lot by that amount, sold for cash at 298000 increases cash by same amount, adds the capital by the amount of profit (298000-115000).

The previous loan 80000 paid decreases the loan liability by same, also decreases cash asset by same.

4 0
3 years ago
Other questions:
  • The economy of Elmendyn contains 3,000 $1 bills.
    15·1 answer
  • Suppose consumer income increases. If grass seed is a normal good, the equilibrium price of grass seed will a. decrease, and pro
    12·1 answer
  • Jit is a ______________ system.<br> a. push<br> b. pareto's law<br> c. mrp<br> d. pull
    12·1 answer
  • The school newspaper surveyed 100 commuter students and asked two questions. First, students were asked how many courses they we
    10·1 answer
  • James Grunig, professor emeritus of public relations at the University of Maryland, listed the following possible objectives for
    13·1 answer
  • The following is a list of account balances for Pick-A-Pet, Inc., as of June 30, Year 3:
    13·1 answer
  • Seemore Company manufactures binoculars. The actual costs for 2013 and 2014 were as follows: 2013 2014 Direct materials: Plastic
    8·1 answer
  • Misaki, a sales manager at a startup cosmetics company, wants to determine her company’s market potential. She first develops a
    11·1 answer
  • Dan is the President of a major corporation. He is hiring a new Vice President, and while he knows Lauren is the most qualified
    8·1 answer
  • situation: flavio's organic construction company built a commercial building of entirely plant-based materials. unfortunately, t
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!