All categories

3 years ago

The gdp deflator can be used to calculate the inflation rate. True or False

Business

1 answer:

muminat3 years ago

3 0

Answer:

The answer is: TRUE

Explanation:

The inflation rate can be calculated using both the consumer price index (CPI) and the GDP deflator rate. But the CPI is used more frequently since it shows how the prices for consumer goods and services change.

The GDP deflator = (nominal GDP / real GDP) x 100

you can calculate inflation rate between years 1 and 2 using the following formula:

= [(GDP deflator year 2 - GDP deflator year 1) / GDP deflator year 1] x 100

You might be interested in

Ryan has produced 1,000 jars of pickled oranges, using the oranges in his orchard. by concentrating his efforts on advertising a

katrin2010 [14]

The answer is selling! Have a great day/night :)

4 0

2 years ago

Write an essay with the topic: Information logistics system is one of the major topics of interest to manufacturing and logistic

Harrizon [31]

Answer:

it 8s easy you need to divide the question in to points and write a paragraph on them

6 0

3 years ago

The simple interest rate is 7% per year. if james deposits 10,000 at the end of 18 months coursehero

monitta

Deposit (PV): $10,000

Years between the 18th month and the fifth year (n) = 3.5

(I)=7% yearly interest rate

Simple interest approach accumulated value equals P*(1+(i*n)).

=1000*(1+(7%*3.5))

=1245

Thus, the total value at the end of five years will be $1245.

Compound interest method accumulated value equals P*(1+i)n

=1000*(1+7%)^3.5

=1267.19

Therefore, the total value after five years will be $1267.19.

Learn more about simple interest here ;

brainly.com/question/25845758

#SPJ4

4 0

1 year ago

During January, its first month of operations, Marigold Company accumulated the following manufacturing costs: raw materials $5,

Fiesta28 [93]

Explanation:

The journal entries are as follows

1. Raw material inventory $5,100

To Account payable $5,100

(Being the raw material is purchased on account)

2. Factory labor $5,100

To Factory wages payable $1,700

To Payroll tax payable $2,900

(Being the factory overhead cost is recorded)

3. Manufacturing overhead $2,900

To Utilities payable $2,900

(Being the overhead cost is recorded)

6 0

2 years ago

Which type of nominal decision is characterized by a fairly high degree of product involvement but a low degree of purchase invo

Ann [662]

Brand loyal decision is a type of nominal decision that is characterized by a fairly high degree of product involvement by a customer, but a low degree of purchase involvement.

<h3>What is Brand loyal decision?</h3>

A brand loyal decision can be defined as a type of nominal decision which involves a customer having a fairly high degree of involvement in the products offered by a producer (business organization) but a low level of involvement in its purchase.

This ultimately implies that, a brand loyal decision is characterized by a fairly high degree of product involvement with subsequent low degree of purchase involvement.

Read more on decision-making process here: brainly.com/question/1249089

3 0

1 year ago