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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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Answer:

19 milion 86+15=91 19000091

5 0
2 years ago
Asking yourself "What can I do to build a loyal customer base?" is an example of
MakcuM [25]

Correct answer is C, Creativity.

Asking yourself, What can i do to build a loyal customer base?, is an example of Creativity.

When a person in an organization is creative and wants to build a loyal customer base, he asks himself that how can he build it. He finds out ways to build a loyal customer base. He innovates, he takes out the best creativity out of him. When he is focusing on asking himself the solutions, he is basically creative who is seeking answers within himself.

4 0
3 years ago
Which of the following is true about duration and modified duration?
My name is Ann [436]

Answer:

The truth about Macaulay Duration and Modified Duration is:

d. All are true.

Explanation:

Principally, the Macaulay Duration, used mainly with immunization strategies, measures the weighted average time an investor holds a bond until the period when the present value of the bond’s cash flows equals to the initial bond amount.

On the other hand, the Modified Duration, providing a risk measure by being sensitive to interest rates, identifies the amount by which the duration changes for each percentage change in the yield and, at the same time, measures how the amount of a change in the interest rates impacts a bond's price.

4 0
3 years ago
You are due to receive a lump-sum payment of $1,350 in four years and an additional lump-sum payment of $1,450 in five years. As
FrozenT [24]

Answer:

2560.50

Explanation:

For bond valuation, the investor would be willing to pay, at the most, the present value of the future income stream discounted at 2%. Thus, the value of the bond can be determined as follows:

Years  1 2 3 4 5 Total  

Principal              1,350 1,450 2,800  

Interest  0    0      0      0       0        0  

Total inflow 0 0  1,350 1,450 2,800  

[email protected]% 0 0 0  1,247 1,313 2,561

8 0
3 years ago
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ICE Princess25 [194]

Answer:

D) Sold a call option

Explanation:

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a call option can be regarded as a kind of derivatives contract that enable the a call option for those that want to purchase stock or financial instrument the right to buy it at a specific price but not obligation. When a call option is sold, then the buyer is given the opportunity to buy the stock at a particular price with expeiration. The price is known as "strike price".

4 0
2 years ago
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