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3 years ago

In 2 to 3 sentences

2 answers:

8 0

GDP is the sum of all goods and services produced in an economy. It is the main economic indicator of a nation. Per capita GDP is a social indicator that aims to measure the average income of a nation's population. Per capita GDP calculation consists of simply dividing the GDP value by the total population of a nation.

Per capita GDP indicates the average income of a country, but it is not a good indicator for income distribution. This is because a country may have a high middle income and be very unequal. This will happen if income is concentrated in the hands of a small number of people. This would not be captured by GDP per capita, as this indicator only adds GDP and divides by the total number of people, without any weighting of the distribution of wealth. To determine income distribution, economists use other indicators such as the HDI and the Gini index.

andre [41]3 years ago

3 0

The GDP per capita calculates what theoretically would be the share of every individual in the country if the GDP was destributed equally. The economy of course is very different in reality where everyone ends up with a different portion depending on a lot of other factors.

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In 2005 the price index was calculated at 115.3 with 2000 as the base year. In 2006 the price index increased to 119.5. What was

mario62 [17]

The answer is the inflation from 2005 to 2006 has changed by [3.6%]

5 0

2 years ago

If a certain country considered handshakes in business transactions to be taboo and preferred to use nodding, this would be an e

MAVERICK [17]

Answer: Cultural forces

Explanation:

This is an influencing system which exist within certain population that steer business practices and/or purchasing behavior.

8 0

3 years ago

Which type of wan connection is not shared with other users and has continuously available communications channels?

nignag [31]

The leased line is a type of WAN (Wide Area Network) connection is not shared with other users and has continuously available communications channels. Leased line is a dedicated private circuit or data line that interconnects two or more sites. It is provided in exchange for a monthly fee or rent. It is a kind of private telecommunication line with fixed bandwidth (rate).

3 0

3 years ago

Harry owns a Cadillac and a Porsche. Ryan has always wanted a Porsche and knows Harry owns one. Harry decides to sell his Cadill

seropon [69]

Answer:

mutual mistake

Explanation:

A mutual mistake happens when all the parties involved in a contract (two or more) are mistaken or do not know the correct information about some specific material fact that is relevant to the contract. In this case, the contract can be rescinded because Harry believes that Ryan wants to buy his Cadillac, while Ryan believes Harry is selling his Porsche.

Since both of them are mistaken and do not know relevant material facts regarding the contract, the contract can be terminated.

6 0

3 years ago

Each year a cash grant is given to a deserving college student. The grant consists of the interest earned that year on a $440,00

Harlamova29_29 [7]

Answer:

The cash award will be equal;l to $444422.01

Explanation:

We have given amount invested P = $440000

Rate of interest r = 8.3%

Time t = 1 year

As the amount is compounded on daily basis

We know that 1 year = 365 days

So rate of interest $r=\frac{1}{365}=0.00273$ %

Time period n = 365

We know that final amount is equal to $A=P(1+\frac{r}{100})^n$

So $A=440000(1+\frac{0.00273}{100})^{365}=444422.01$ $

So the cash award will be equal;l to $444422.01

6 0

3 years ago