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sertanlavr [38]
3 years ago
7

Suppose that over the last twenty-five years a country's nominal GDP grew to three times its former size. In the meantime, popul

ation grew by 40 percent and prices rose by 100 percent. What happened to real GDP per person?
Business
2 answers:
klemol [59]3 years ago
8 0

Answer:

b. It increased, but it less than doubled.

Explanation:

Here are the options to this question:

a. It more than doubled.

b. It increased, but it less than doubled.

c. it was unchanged.

d. It decreased.

GDP is the sum of all final goods and services produced in an economy within a given period which is usually a year.

Nominal GDP is calculating GDP using current year prices.

Real GDP is calculating GDP using base year prices.

The question states that nominal GDP tripled and inflation doubled. Therefore, real GDP increases by about 1.5x . Population increased by 1.4x. Therefore, real GDP per person increased, but it less than doubled.

I hope my answer helps you

frez [133]3 years ago
7 0

Answer:

B. It increased, but it less than doubled

Explanation:

Real GDP per person is defined as the total economic output divided by the total number of people. It is used in roughly indicating the standard of living.

An increased in the nominal GDP 3 times its formal will lead to a proportionate increase in the GDP per person statistics. But I was a noted that there was a 100% increase in population, meaning that population doubled. This indicates that the GDP per person increased but it less than double because of the population doubling in that period of time.

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Halimbawa, ang mga bata at guro ay maaaring magtabi ng isang oras bawat linggo upang malinis at maiwaksi ang silid aralan. Ang mga guro at iba pang kawani ay maaaring maghugas ng kanilang mga tasa ng kape at baso pagkatapos magamit, at punasan ang anumang pagkalat o gulo na ginawa nila.

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dapat itong makatulong sa iyo sa tanong!
3 0
3 years ago
If an insurer makes a payment for a claim but the insured is dissatisfied with it, the insured must wait _____ days after proof
aniked [119]

Answer:

60 days

Explanation:

60 days must have elapsed before an insured can take a legal action concerning any dissatisfaction with payment for any claim. This is according to the Legal Actions Provision.

Cheers.

8 0
3 years ago
Calculate the required rate of return for Mercury Inc., assuming that investors expect a 5% rate of inflation in the future. The
My name is Ann [436]

Answer:

Option C is correct.

<u>The required rate of return for Mercury Inc., assuming that investors expect a 5% rate of inflation in the future is 18%.</u>

Explanation:

Real risk free rate = 3%

Inflation Premium = 5%

Nominal risk free rate Rf = Real risk free rate + Inflation Premium = 3% + 5% = 8%

Market risk premium (Rm –Rf) = 5%

Beta = 2

As per CAPM, required rate of return = Rf + beta * (Rm – Rf) = 8% + 2 * 5% = 18%

8 0
3 years ago
Lawrence​ Industries' most recent annual dividend was ​$1.80 per share ​(D0equals$ 1.80​), and the​ firm's required return is 11
Dima020 [189]

Answer:

The price of the stock today is $34.13

Explanation:

The price of the stock that grows at two different growth rates can be calculated using the two stage growth model of DDM. The DDM requires to discount back the dividends to calculate the price of the share today.

The price of the stock today is,

P0 = D1 / (1+r) + D2 / (1+r)^2 + ... + Dn / (1+r)^n + [(Dn * (1+g) / (r - g)) / (1+r)^n]

P0 = 1.8 * (1+0.08) / (1+0.11)   +  1.8 * (1+0.08)^2 / (1+0.11)^2  +  

1.8 * (1+0.08)^3 / (1+0.11)^3  +  [ (1.8 * (1+0.08)^3 *(1+0.05) / (0.11-0.05)) / (1+0.11)^3]

P0 = $34.127 rounded off to $34.13

8 0
3 years ago
Sean relocated to take a new job, and when he got sick he needed to find a doctor. He discovered during the visit that he didn't
Usimov [2.4K]

Answer:

The answer is: D) inseparability

Explanation:

Inseparability in marketing means that you can't separate the production of the service from its consumption.

In other words, the doctor who offers the service comes together with the service he offers.

The doctor may have treated Sean's health issues in a correct manner and probably helped to cure Sean, but if Sean doesn't like the doctor then he will not return. Sean can not separate the doctor form the service he delivers.

3 0
3 years ago
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