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KonstantinChe [14]
2 years ago
12

If the current price of a market basket of goods is $850, the current year GDP deflator is 170, and the base year price index is

100, what is the price of the basket in real terms
Business
1 answer:
Yuki888 [10]2 years ago
3 0

Answer:

$500

Explanation:

DATA

The current price of the market basket of goods = $850

Current year GDP deflator                                      = 170

In order to find the GDP in real terms, we should amend the GDP deflates formula

<u>Formula</u>: GDP deflator = \frac{NominalGDP}{RealGDP} x 100

Lets put the values and amend the formula in order to find real GDP

170 = \frac{850}{RealGDP} x 100

Real GDP = $500

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PLEASE HELP!
kiruha [24]

Answer:

Consumers should not buy from companies that don't source materials

Explanation:

Companies should never have an excuse for not sourcing for their materials responsively and responsibly. They owe an ethical responsibility as well as a duty to offer their customers qualitative products at the best price and that is most sustainable to the environment.In recent times, through the widespread use of social media and the instrument of investigative journalism, it has been able to bring to the surface, the less than responsible activities of many companies in sourcing for their interest of the public and the environment.The 2006 movie "Blood Diamond" shows an avid description of how diamonds are mined and traded in the war-torn country of Sierra Leonne depicting the violation of Human and Child rights and how is excessively enriched diamond suppliers and companies.It is clear that many companies despite the public outcry for transparency in revealing their supply chain in sourcing for their materials still chose unorthodox practices. It therefore, falls on the consumers to spend their money responsibly and make smart and credible choices with their finances by refusing to buy from companies that are not transparent with their source materials.Consumers are the life-wire of any business and the hope of any business survival rests majorly on consumer satisfaction. Researches have shown that companies are no being accountable with the natural resources are utilized and have been used to cause serious harm to people and the environment. Since the companies manage to evade adequate regulations and responsibilities, it falls on the consumers to ensure that their money serves them to the greatest value.

8 0
3 years ago
Alyssa owns and operates a store in a country experiencing a high rate of inflation. In order to prevent the value of money in h
artcher [175]

Answer:

It is an example of the shoes leather costs.

Explanation:

Shoe leather cost is the cost which involve the time as well as the efforts which people spend on trying to counter-act the inflation effects like holding less amount of cash and make additional trips to the bank.

In this scenario, Alyssa in order to protect herself from the effect of the inflation, she sends employee to bank for depositing the money into the bank four times a day. Therefore, it is an example of Shoe leather cost

7 0
3 years ago
Katie is looking over some of the product histories for the company. She has noticed that many more products have been rendered
valkas [14]

Answer:C. It makes it more difficult for the company to define an appropriate time period.

Explanation: Obsolete Items or products are products are no longer useful or relevant,it can be used to describe a product whose Quality has adversely depleted making it not useful.

With the information,since the products are fast becoming Obsolete than when compared to 10years ago,it makes it more difficult to determine or arrive at the appropriate time period for the company to keep the product before it becomes obsolete.

6 0
3 years ago
Favorita candy's stock is expected to earn $2.40 per share this year. its p/e ratio is 18. what is the stock price?
MatroZZZ [7]
The formula to calculate p/e ratio is: price/earnings.

So, the price of the stock would be

p/e ratio = price/earnings

18 = price / 2.4

Price= 2.4 x 18

Price = 43.2 


3 0
3 years ago
Which of these is a reason why outsourcing continues to expand?
Vsevolod [243]

Answer:

the correct answer is (D) more expensive transportation

good luck

4 0
2 years ago
Read 2 more answers
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