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3 years ago

What would it signify if the population of a country was growing while the real GDP remained the same?

Business

1 answer:

mixer [17]3 years ago

3 0

Answer:

B. The country is in economic decline.

Explanation:

The economic growth rate is determined by the percentage change in real GDP per capita at the end of a period. Real GDP refers to the total value of all products and services produced in an economy after adjusting for inflation. Reals GDP helps compares economic growth in different seasons to identify the direction of economic growth.

If the population is growing, but the real GDP is constant, it means that real GDP per capita is decreasing. Real GDP is capital is calculated by dividing real GDP by the population. Therefore, real GDP per capita is the measure that determines actual economic growth in a country. An increase in real GDP signifies that people's standard of living is increasing. Real GDP per capita is the GDP per individual in a country. For there be economic growth, real GDP growth must match or be greater than the population growth.

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Business Solutions sells upscale modular desk units and office chairs in the ratio of 3:2 (desk unit:chair). The selling prices

Doss [256]

Answer:

Results are below.

Explanation:

First, we need to calculate the selling price per composite unit:

selling price per composite unit= 1,280*0.6 + 530*0.4

selling price per composite unit= $980

Now, the unitary variable cost per composite unit:

Variable cost per composite unit= 780*0.6 + 280*0.4

Variable cost per composite unit= $580

To calculate the break-even point in units, we need to use the following formula:

Break-even point in units= fixed costs/ contribution margin per composite unit

Break-even point in units= 150,000 / (980 - 580)

Break-even point in units= 375

Finally, the number of units per product:

Desks= 375*0.6= 225

Chairs= 375*0.4= 150

4 0

3 years ago

For a Louisiana partnership in commendam, what duties/responsibilities is the partner in commendam allowed to have and what acti

Natali [406]

Answer:Advising the partners about the business, attend the partnership meetings, vote in matters concerning the partnership, participate in the winding up of the partnership, participate in taken decisions about a change in the nature of the partnership business. (b) if partnerships in commendam participate in the running of the business he is only liable to persons who transact business with the partnership.

Explanation:

This is a form of partnership which is made up of one or more general partners whose liabilities is limited to the amount of their capital contribution to the business . A partnership in commendam does not participate in the running of the business. The name of partnership in commendam must appear in the partnership deed that such a partner is not a general partner. The partnership in commendam is allowed to perform duties such as giving advise to the General partners about the business, attending the partnership meetings, vote in matters concerning the partnership, participate in the winding up of the partnership, participate in taken decisions about the change in the nature of the partnership business.

7 0

3 years ago

Leslie Manufacturing reported the following:Revenue $450,000Beginning inventory of direct materials, January 1, 2015 20,000Purch

Bogdan [553]

Answer:

$109,000

Explanation:

The accounting equation for the cost of goods sold

COGS = opening finished good + purchases - Closing finished goods

In a manufacturing firm, purchases are also referred to as manufacturing costs.

For Leslie manufacturing:

beginning finished inventory =$40,000

costs of goods manufactured = $ 144,000

Ending finished inventory = $ 45,000

cost of manufacturing for the period:

=$40,000 +$114,000- $45,000

=$109,000

5 0

3 years ago

In the Land of Milk and Honey, they produce two goods: Milk and Honey. In 2014, milk cost $2 a gallon and they produced 10 gallo

Harman [31]

Answer:

Land of Milk and Honey

The real GDP in 2014 is:

= b. $40.

Explanation:

a) Data and Calculations:

Milk Honey Total GDP

Cost per gallon in 2014 $2 $1

Quantity produced 10 20

Total production value $20 ($2*10) $20 ($1*20) $40 ($20 + $20)

Cost per gallon in 2015 $2 $1

Quantity produced 12 24

Total production value $24 ($2*12) $24 ($1*24) $48 ($24+ $24)

Cost per gallon in 2016 $2.50 $1.25

Quantity produced 12 24

Total production value $30 ($2.50*12) $30 ($1.25*24) $60 ($30 + $30)

The real GDP in 2014 is the calculated value of $40. Using 2015 as the base year, there is no inflation since the unit prices of milk and honey remained the same in both years.

6 0

3 years ago

Suppose charles owns a lawn-mowing company. assume that without workers, no yards are mowed. when he hires one worker, he is

Marysya12 [62]

Marginal pruduct of first worker is 3 yards. Marginal product of second worker is 4 yards. Marginal product of third worker is 5 yards.The marginal product of labor potentially increases due to specialization.

4 0

2 years ago