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cricket20 [7]
4 years ago
13

If a nation has a GDP of 100 billion euros, a population of 10 million, and the exchange rate for the euro is 1.10 = 1$, what is

the GDP per capita of this nation in U.S. dollars (rounded to the nearest dollar)?
Business
1 answer:
Katen [24]4 years ago
7 0

Answer:

If the nation has a GDP of 100 billion Euros and a population of 10 million people, its GDP per capita in Euros is $ 10,000 (100,000,000,000 / 10,000,000 = 10,000).

Now, if said GDP per capita in US dollars were calculated, taking into account that the exchange rate is 1.10 dollars for every 1 euro, the GDP per capita in euros must be multiplied by the exchange rate, which gives us a result of a GDP per capita in dollars of $ 11,000 (10,000 x 1.10 = 11,000).

Therefore, the GDP per capita of this nation in U.S dollars is of $11,000.

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If a lender agrees to an $80,000 loan at 9% for 15 years with 2 loan discount points, what amount will be charged at closing for
White raven [17]

points charged at closing will be $80,000 × 0.02 (2 points equal 2%) = $1,600.

Points, also called discount points, lower interest rates in exchange for prepayment. Lenders lower your closing costs in exchange for accepting higher interest rates. These terms may be used to mean something else. "Point" is a term that mortgage lenders have used for many years.

Mortgage points (sometimes called discount points) are fees paid to lower interest rates on home purchases or refinancing. Discount points cost 1% of your mortgage amount. For example, if you take a $ 100,000 mortgage, one point costs $ 1,000.

Learn more about loan discount points here:brainly.com/question/2764956

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6 0
2 years ago
Tyler Young sells a diverse line of conveyor systems to small manufacturers. He has found that he is most successful when he use
WARRIOR [948]

Answer:

The correct answer is letter "C": consultative selling approach.

Explanation:

The consultative selling approach is a method of sale that requires vendor-customer engagement to provide consumer personalized experience by pointing out solutions out of open questions according to the customers' needs. Normally, vendors do not follow sales speeches to attract the consumers' attention but they improvise identifying the potential reason why customers would purchase a product.

3 0
4 years ago
Using a perpetual inventory system, the seller’s journal entry to record the sale of merchandise on account includes a:_________
alexandr1967 [171]

Answer:

D. Debit to Accounts Receivable

Explanation:

Transaction of sale in Perpetual Inventory system will be recorded as follow:

                                          Dr.    Cr.

Account Receivable         xxx

Sales                                          xxx

Cost of Goods Sold          xxx

Merchandise Inventory            xxx

There is no entry to purchases, cost of goods sold is debited and inventory is credited. So, the only correct option which is dealt in above transactions.

5 0
3 years ago
Bank A offers to lend you money at 10 percent compounded monthly, Bank B at 11 percent compounded quarterly, and Bank C at 12 pe
ahrayia [7]

Answer and Explanation:

The computation is given below:

For Bank A,

Effective annual rate is

= (1 + 0.10 ÷ 12)^12 - 1

= 10.47%

For Bank B,

Effective annual rate is

= (1 + 0.11 ÷ 4)^4 - 1

= 11.46%

And,

For Bank C,

Effective annual rate = 12%

Therefore, Bank A is best to borrow at lowest effective annual rate

8 0
3 years ago
Scenario: You have advised the owner of Bond's Gym that the best thing to do would be to raise the price of a monthly membership
Lyrx [107]

Current members will pay more per month.

The quantity demanded for memberships will decrease.

The owner will make more money.

7 0
4 years ago
Read 2 more answers
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