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mixas84 [53]
3 years ago
9

Economists often are interested in percentage change from one period to the next. The percentage rate of change of gross domesti

c product​ (GDP) is an important macroeconomic variable. If in 2010 GDP was​ $11,150 billion​ dollars, and GDP increased to ​$11 comma 78011,780 million in​ 2011, what is the growth rate of the U.S. economy in​ 2011?
Business
1 answer:
Andreyy893 years ago
7 0

Answer:

The growth rate of the U.S economy in 2011 was 5.65%

Explanation:

This is a simple calculation

We use this formula to calculate percent changes from one period to another:

% change = \frac{New Value - Old Vaue}{Old Value} * 100

We have that the GDP for 2010 was $11,150 billion and the GDP in 2011 was $11,780 billions we then apply the formula:

% change = \frac{11,780 - 11,150}{11,150} * 100

% change = \frac{630}{11,150} = 0.056 * 100 = 5.65%

This means that the growth rate of the U.S economy in 2011 was 5.65%

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Explanation:

Price risk of a bond is the risk that the bond changes price or rather the degree of price volatility. Bond prices change in reaction to market interest rates with higher rates meaning lower prices and lower rates meaning higher prices.

When the market interest rates rise above the Coupon on a bond, the bond price will fall below par and when the interest rates are below the coupon, the bond will be above par.

A 5% coupon bond will be more prone to changes in prices because market interest rates are generally low and fluctuate below 10% which means that they will affect the 5% bond more than the 10% because there are better chances of rates rising above or falling below 5% than there are of 10%.

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2 years ago
The following table reports real income per person for several different economies in the years 1960 and 2010. It also gives eac
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Thailand

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c

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Ireland, Pakistan and Thailand had lower real income per person than Finland in 1960 but only Ireland had higher real income per person than Finland in 2010.

8 0
3 years ago
What is the positive impact of Commerce subject on our society?​
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2 years ago
Recording purchases made for cash and on account. LO 8-1 Lewis Corporation engaged in the following transactions during June. DA
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Explanation:

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