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Lunna [17]
3 years ago
6

A country with a very low per capita GDP can have a very high growth rate because mathematically, when the________ is________, e

ven a small difference in the________will result in a large growth rate.

Business
2 answers:
Romashka-Z-Leto [24]3 years ago
6 0

Answer:

A country with a very low per capita GDP can have a very high growth rate because mathematically, when the <u>DENOMINATOR</u> is <u>VERY LOW</u>, even a small difference in the <u>NUMERATOR</u> will result in a large growth rate.

Explanation:

The reason why poor countries tend to grow at much higher rate than rich countries is fairly simple to explain, a small increase in absolute revenue will result in a large percent increase. On the other hand, rich countries need really large increases in revenue in order to get a small percent increase.

For example, in 2018 the GDP per capita in the US is $62,641, a $1,000 increase would result in only a 1.6% increase.

On the other hand, in 2018 the GDP per capita in China is $10,200, a $1,000 increase would result in a 9.8% increase.

in 2018 the GDP per capita in Africa (the whole continent) is $4,097.85, a $1,000 increase would result in a 24.4% increase.

In order to get a 24.4% increase in the American GDP per capita, an increase of $19,781.37 would be needed. China's economic indicators are showing this, before t grew by more than 10% per year, now it is growing below 7%, and soon it will be growing at around 5%. It is not possible to keep growing at extremely high rates forever.

lana66690 [7]3 years ago
4 0

Answer:

Denominator

Lower

Numerator

Explanation:

The reason is that the statement is talking about the low per capita GDP which we can see in the picture attached with this answer.

We can see that if the denominator is lower which means that either population decreases or remains constant when the GDP has increased then the the growth in the per capita GDP will be higher because minute increases in the GDP will increase the answer with significant percentages.

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2 years ago
Suppose the dollar appreciates relative to foreign currencies. If U.S. firms have domestic content below 100%, the harm to domes
inn [45]

Answer:

The correct answer is: If U.S. firms have domestic content below 100%, the harm to domestic firms is less than the harm if U.S. producers had domestic content of 100%.

Explanation:

This strength of the dollar, which is reflected in exchange rates, has negative and positive implications at the same time for any economy.

What benefits one sector damages the purchasing power of another.

If it is good for those who receive remittances, it is bad for those who want to travel or do business abroad.

Businesses and governments also have to deal with a phenomenon that affects all aspects of the economy.

Importing oil or gas, repaying debt or contracting services abroad can cost more or less depending on exchange rates.

In general terms, that a currency depreciates against the dollar if it has a very intensive international trade with the United States, as is the case in Mexico, causes its economy to be more competitive and drives growth.

This is because American consumers can compare cheaper products made in Mexico.

So in terms of growth, this is a positive effect of the depreciation of a currency and the strength of the dollar.

The increases in interest rates made by the Federal Reserve, the body in charge of dictating the course of monetary policy in the United States, have led to a progressive general strengthening of the dollar against all currencies.

When the US central bank cuts interest rates, it encourages banks to lend more and put more money in the hands of citizens and businesses. And the opposite happens when, as now, the rates rise. Banks lend less and the dollar appreciates.

5 0
3 years ago
Suppose the company that owns the vending machines on your campus has doubled the price of a can of soda. if they then still sel
Ierofanga [76]
The answer would be that there are few other places to purchase soda on campus; competition (or lack thereof) can play a big factor in determining price elasticity.

While nutrition information can shift consumers' preferences, we have no indication within the question of whether or not the students are well-informed of the impact of their drinking choices.

As for the third option, we are not given any information on the students' budgets, and no information with which to infer this, either. We only have information on their spending as it is related to soda, not as compared to other purchases.

Finally, given that the quantity sold does not change much despite the change in price, we can conclude that this price curve is relatively inelastic, in which case the price elasticity of demand would be closer to zero than one. This effectively rules out the last answer.
8 0
3 years ago
Vaughn’s standard quantities for 1 unit of product include 5 pounds of materials and 1.0 labor hours. The standard rates are $4
Lilit [14]

Answer:

$31.00

Explanation:

Calculation to determine what The total standard cost of Vaughn's product is

Using this formula

Total standard cost of product=(Material Standard rate per pound × pounds of material) + (Labor standard rate per hour × labor hours) + (Standard overhead rate x labor hours)

Let plug in the formula

Total standard cost of product=[($4 × 5) + ($5 × 1.0)]+ ($6 × 1.0)

Total standard cost of product=($20+$5)+$6

Total standard cost of product= $25.00 +$6

Total standard cost of product= $31.00

Therefore The total standard cost of Vaughn's product is $31.00

6 0
2 years ago
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