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3 years ago

9

The transactions demand for money varies __________ with nominal GDP, i.e. more money is held for transactions when GDP is highe

r..

1 answer:

sasho [114]3 years ago

6 0

Answer:

varies directly

Explanation:

The transactions demand for money varies varies directly with nominal GDP.

i.e. more money is held for transactions when GDP is higher.

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The following income statements were drawn from the annual reports of the Denver Company and the Reno Company: Denver* Reno* Net

Lynna [10]

Answer:

1. Gross margin percentage:

For Denver and the Reno is 53% and 27%

2. Return on sales ratio:

For Denver and the Reno is 18% and 10%

Explanation:

1. The formula to compute the gross margin percentage is shown below:

Gross margin percentage = (Gross margin) ÷ (Net sales) × 100

For Denver = ($17,760 ÷ $33,200) × 100 = 53%

For Reno = ($23,850 ÷ $86,900) × 100 = 27%

2. The formula to compute the return-on-sales ratios is shown below:

Return-on-sales ratio = (Net income) ÷ (Net sales) × 100

For Denver = ($6,000 ÷ $33,200) × 100 = 18%

For Reno = ($8,502 ÷ $86,900) × 100 = 10%

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3 years ago

The first step in the project control process for measuring and evaluating project performance is to:_______

Naddika [18.5K]

Answer:

A. Analyze the project budget.

Explanation:

The first step in the project control process for measuring and evaluating project performance is to Analyze the project budget. This has been agreed upon by all as the first necessary step as it allows you to know how much money you are working with and gives you and all those involved what may or may not be possible when designing the project.

7 0

4 years ago

Mitchell's money income is $150, the price of X is $2, and the price of Y is $2. Given these prices and income, Mitchell buys 50

MissTica

Answer:

1 unit of X must be sacrifised to gain a unit of Y, with satisfying Budget Constraint .

Explanation:

Budget Line shows the product combinations that a consumer can buy with given prices & money income (spending all) . Equation : P1X1 + P2X2 = M

Price ratio slope of the budget line i.e = P1/P2 : shows the amount of a good needed to be sacrifised to gain a unit of the other good , given prices & income.

So, Price Ratio : PX / PY = 2 / 2 = 1 in this case; implies 1 unit of Good X is needed to be sacrifised to gain a unit of good Y with given prices & income.

4 0

3 years ago

who is the economist responsible for developing the basic concepts of the national income accounting system?

astra-53 [7]

<span>An indication of NIAs’ impacts on economics is that the third and fifteenth Nobel Prizes in economic science were awarded largely for contributions to the development of national income statistics—to simon kuznets in 1969 and to richard stone in 1984.</span>

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3 years ago

Suppose that a person's nominal income rises from $10,000 to $12,000 and the consumer price index rises from 100 to 105. The per

Kazeer [188]

Answer:

C) Rise about 15 percent

Explanation:

The computation of the increase or decrease of real income is shown below:

Initial income equals to

= Nominal income ÷ Consumer price index

= $10,000 ÷ 100

= 100

If it increases, then it would be

= Nominal income ÷ Consumer price index

= $12,000 ÷ 105

= 114.28

So, the real income is increased from

= 114.28 - 100

= 14.28 approx i.e 15 percent

8 0

3 years ago