Answer:
The inflation rate is different using the two methods as the rate of inflation calculated by the CPI holds basket of goods and services constant while the GDP deflator allows it to change.
Explanation:
i. Value of market basket of the good in 2020 = ($50*2) + ($5*6) = $130
Value of market basket of the good in 2021 = ($70*2) + ($6*6) = $176
CPI in 2020 = ($130 / $130) * 100 = 100
CPI in 2021 = ($176 / $130) * 100 = 135.38
Thus, The percentage change in overall price level is = [(135.38 - 100) / 100) * 100 = 35.38%
ii. Nominal GDP in 2020 = ($50 * 20) + ($5 * 60) = $1300
Nominal GDP in 2021 = ($70 * 21) + ($6 * 80) = $1950
Real GDP in 2020 = ($50 * 20) + ($5 * 60) = $1300
Real GDP in 2021 = ($50 * 21) + ($5 * 80) = $1450
GDP deflator in 2020 = (Nominal GDP in 2107 / Nominal GDP in 2107) * 100 = ($1300 / $1300) * 100 = 100
GDP deflator in 2021 = (Nominal GDP in 2108 / Nominal GDP in 2108) * 100 = ($1950 / $1450) * 100 = 134.48
Thus, the percentage change in overall price level is = [(134.48 - 100) / 100) * 100 = 34.48%
Answer:
Apple
Explanation:
A market leader can be a person, company or product that has a large market share in their industry or that dominates in their industry.
When Apple came into the market they disrupted the market a left companies they found in the market behind by concentrating on both design and user experience. By coming up with innovative products and taking design into account they made themselves a luxury brand.
They remain in the public eye, meaning that they are always coming up with new products and better offerings. They have good marketing strategies.
They aim to please their customers and make them feel like they are a part of something exclusive and luxurious.
Their vision was clear from the beginning and remains so.
Without the ability to offer a good product that is user friendly with a good design, effective marketing, innovation and a clear vision, Apple would not have been able to become a market leader so all the above are important and should be applied by any company that aims to become successful in their business.
A demand is relatively inelastic if for an increase in price, the quantity demanded falls by a proportionately smaller percentage.
<h3>What is a
relatively inelastic demand?</h3>
A relatively inelastic demand refers to a when the percentage change produced in demand is <u>less</u> than the percentage change in the price of a product.
In conclusion, the inelastic demand are often seen in most essential goods.
Read more about inelastic demand
<em>brainly.com/question/5078326</em>
The United States has free trade agreements (FTAs) in effect with 20 countries. ... The United States also has a series of Bilateral Investment Treaties (BITs) help protect private investment, develop market-oriented policies in partner countries, and promote U.S. exports.
The fledgling Republican Party led by Abraham Lincoln, who called himself a "Henry Clay tariff Whig", strongly opposed free trade and implemented a 44% tariff during the Civil War, in part to pay for railroad subsidies and for the war effort and in part to protect favored industries.
Another common argument against free trade is that it is unsafe to rely on upon conceivably antagonistic nations for vital goods and services. A few defenders of trade limitations contend that the danger of duties, shares, and so forth can be utilized as a negotiating advantage as a part of global negotiations.
Answer:
Option D
Explanation:
Option D are all the requirements needed for to process the eligibility of Lisa for aoc and applying for aoc.
