Answer:
$5,070 billion
Explanation:
Given the following:
The real GDP in a year => $3,900 billion
The price index => 130,
The nominal GDP is measured as
=> 100 -130 = 30%
=> 30% × 3,900 = 1,170
=> 1,179 + 3,900 = 5,070
Therefore, in this case, the correct answer is $5,070 billion as the nominal GDP for the year.
Answer:
It increases the overall attitude of the place of business. Being fair and equal to all employees brings their morale up
Explanation:
Answer:
The present value for each year is calculated at 4% interest. In this question the present value be the sum of the cash deposits plus the interest for each year.
Present Value
= Sum of cash deposits for each year + Interest for each year
= 23100 + 9240
= 32340
Explanation:
To calculate the sum of the cash deposits, add the deposit for each year.
(Year 1 to Year 21 = 23100)
To calculate the interest for each year, take the cash deposit for the year and multiply it by 4%. (Year 1 to Year 21 = 9240)
Refer to the attached spreadsheet to assist with the calculations and the answer given above.
Answer:
(A) lower their prices; not raise their prices
Explanation:
- The oligopolistic market and the kinked demand curve show the relationship with the existing prices as the firm rise their prices above the current price the competitors will not follow as they have to maintain strict competition and thus the film will lose the market.
- But if a firm tends to lower the prices the other will follow and they will retain the market shares and the format output will increase marginally.
- Works on the assumptions that prices on the curve are relatively elastic
Answer:
The high point of economic activity is called a peak
The low point of economic activity is called a trough
The period between the high point of economic activity and the following low point is called an expansion
The period between the low point of economic activity and the following high point is called an acceleration
Explanation:
