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marishachu [46]
3 years ago
15

If a market basket of goods cost $100 is the US and 70 euros in France, then the PPP exchange rate would be $.70/euro.A. TrueB.

False
Business
1 answer:
blagie [28]3 years ago
6 0

Answer:

False

Explanation:

Given that,

Market basket of goods cost in United states = $100

Market basket of goods cost in France = 70 euros

Purchasing power parity is calculated as follows:

= (Cost of basket of goods in Euros) ÷ (Cost of same basket of goods in dollars)

= 70 ÷ 100

= 0.7 euro per dollar

Therefore, the statement is false.

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Ok. if a person had a 1-7 IQ would you still date them?
zhenek [66]

Answer:

I dont think so no loooool

3 0
3 years ago
In a small, closed economy, national income (GDP) is $ 500.00 million for the current month. Individuals have spent $ 300.00 mil
alexdok [17]

Answer:

The total investment in the economy is $50 million

Explanation:

The following equation is used to calculate the GDP: GDP = C + I + G + (X – M) or GDP = private consumption + gross investment + government investment + government spending + (exports – imports)

Using this formula we can determine the amount of investment.

Investment = 500 (GDP) - 300 (private consumption) - 150 (government spending) = $50.

4 0
3 years ago
Chevron signs​ $73b gas deal ​Gorgon, Chevron's huge liquefied natural gas​ project, is finally going forward. The​ company, alo
vaieri [72.5K]

Answer:

Australia - <em>Shift​ Australia's production function​ upward, create a movement up along the production function as the​ full-employment quantity of labor​ increases, and increase potential GDP</em>

United States - <em>Will not change potential GDP as production happens in Australia</em>

Explanation:

Australia's production potential will rise which will be depicted by a shift upwards in the Production Possibilities Frontier (PPF) thereby leading to an increase in the full employment quality of labor and potential GDP for Australia.

As the production is happening in Australia, it will not affect potential GDP in the US.

3 0
4 years ago
Angel Corporation reported pretax book income of $1,018,000. During the current year, the net reserve for warranties increased b
ira [324]

Answer:

$346,120

Explanation:

Calculation for what Angel's hypothetical tax expense in its reconciliation of its income tax expense is

Using this formula

Tax expense =Pretax book income*Tax rate

Let plug in the formula

Tax expense =$1,018,000*34%

Tax expense =$346,120

Therefore Angel's hypothetical tax expense in its reconciliation of its income tax expense is $346,120

6 0
3 years ago
Willard works as a representative focused on the senior marketplace. What would be considered prohibited activity by willard?.
galben [10]

The act of Implying that only seniors can enroll in a Medicare Advantage plan when meeting with Mr. Hernandez would be considered a prohibited activity by Willard.

<h3>What is a prohibited activity?</h3>

This refers to those activities that are not permitted under code of conduct of an organization.

Hence, among other options, the act of Implying that only seniors can enroll in a Medicare Advantage plan when meeting with Mr. Hernandez would be considered a prohibited activity by Willard.

Read more about prohibited activity

<em>brainly.com/question/18958315</em>

#SPJ1

4 0
2 years ago
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