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Hatshy [7]
3 years ago
13

Suppose nominal GDP in an economy is $11 trillion and real GDP is $10 trillion. What would be the implicit price deflator?

Business
1 answer:
Fiesta28 [93]3 years ago
5 0

Answer:

The implicit price deflator will be 1.10

Explanation:

Nominal GDP = $11 trillion

Real GDP = $10 trillion

Use Implicit price deflator formula

Implicit price deflator = Nominal GDP / Real GDP

Implicit price deflator = $11 trillion / 10 trillion

Implicit price deflator = 1.10

So, The implicit price deflator will be 1.10 when the nominal GDP is $11 trillion and real GDP is $10 trillion .

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Specific skills needed to accomplish specialized activities such as drafting and welding are known as ____ skills.
marshall27 [118]
Specialization like that is called as "technical" skills.
3 0
3 years ago
For spring break, Melanie will either stay home or go to Daytona Beach. At home, Melanie pays $10 per day for food and earns $90
zavuch27 [327]

Answer:

$100

Explanation:

Opportunity cost or implicit is the cost of the option forgone when one alternative is chosen over other alternatives

If Melanie goes to the beach, she would not be able to stay at home. Staying at home is the opportunity cost of going to the beach.

The total opportunity cost of going to the beach = $10 + $90 = $100

3 0
4 years ago
A prosecutor convened a grand jury to bring criminal charges against a pharmaceutical corporation. The charges were related to a
Rina8888 [55]

The answer is,  the Fifth Amendment privilege does not extend to the custodian of corporate records.

<h3>What defines a pharmaceutical company?</h3>
  • A pharmaceutical company, often known as a drug company, is a for-profit organization with a license to conduct medication research, development, marketing, and/or distribution, usually in the context of healthcare.

<h3>What is the role of pharmaceutical companies?</h3>
  • The pharmaceutical sector creates, produces, and markets pharmaceutical products. Its goal is not to define sickness.
  • The majority of drugs created by pharmaceutical corporations are designed to treat conditions that have already been identified as such by the medical community.

<h3>What is an example of pharmaceutical?</h3>
  • Pharmacies or prescribed medications are mentioned in the definition of pharmaceutical.
  • Prozac is an example of a pharmaceutical drug. (medicine) Of, pertaining to, or involving a pharmacy or pharmacists

Learn more about pharmaceutical corporation here:

brainly.com/question/27520309

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5 0
2 years ago
ach scenario, decide whether the income effect or the substitution effect dominates for each individual's labor supply decision.
Leni [432]

Answer:

Under the labor provide call, the replacement impact controls financial gain influence once growing the salary proportion will increase the quantity of periods functioned and vice-versa.

Likewise the financial gain impact controls replacement influence once growing the salary proportion declines the quantity of times functioned as a result of the individual is similarly rich as associate to earlier scenario.

Keeping in awareness these descriptions, the actions and therefore the controlled impact is specified below:

  1. It indicates control of replacement impact over financial gain influence.
  2. It indicates control of financial gain impact over replacement influence.
  3. It indicates control of replacement impact over financial gain influence.
  4. It indicates control of financial gain impact over replacement influence.

7 0
3 years ago
1. Standard Oil of Connecticut, Inc., sells home heating, cooling and security systems. Standard schedules installation and serv
Yuki888 [10]

Answer:

The installers and experts are self employed because;

  • Standard Oil of Connecticut, Inc has no influence over the work other than finishing the venture by a specific time and the installers and experts can pick the days wherein they need to work.  
  • The installers and specialists are occupied with various business as the business is into deals and The installers and experts are into administration.  
  • The work isn't done heavily influenced by business. Professionals and installers are not managed by Standard Oil of Connecticut, Inc and they don't assess their work.  
  • The devices are not given by the business and the installers and experts utilize their own gear and instruments.  
  • The installers and experts are utilized for a specific time-span till the fulfillment of the undertaking and are not utilized for long.  
  • The strategy for installment is through a set rate for every venture and not by time-frame.  
  • The installers and professionals are authorized and affirmed by the state and are having particular abilities which are not increased through the business.  

Every one of these conditions fulfill the necessities of self employed entity as indicated by measures utilized by the courts and doesn't fulfill the standards of representative.

5 0
3 years ago
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