The nominal GDP in that year will be $4018 billion.
<h3>
What is Nominal GDP?</h3>
- Nominal gross domestic product is GDP calculated using the most recent market prices. GDP measures the monetary worth of all the goods and services a nation produces. Nominal GDP differs from real GDP in that it considers inflation, which represents how quickly prices are rising in an economy.
- The monetary worth of the products and services produced is the standard way to calculate GDP.
- Nominal GDP can overstate the growth rate because it does not account for the rate of price increases when comparing one period to another.
- Growing pricing rather than increasing the number of goods and services produced may cause nominal GDP growth from year to year.
- Nominal GDP is the starting point, whereas real GDP includes price changes.
we know that
Nominal GDP = Real GDP × Price index
Nominal GDP = $3668 × .112
Nominal GDP = $4018
hence, the nominal GDP in that year will be $4018 billion.
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<span>The average cost of materials for 10,000 units is $62,000. The average cost of Labor for 10,000 units is $37,000. The average cost of Variable manufacturing overhead for 10,000 units is $16,000. The average cost of Fixed manufacturing overhead for 10,000 units is $40,000. The average cost of Fixed selling expense for 10,000 units is $32,000. The average cost of Fixed administrative expense for 10,000 units is $22,000. The average cost of Sales commissions for 10,000 units is $12,000. The average cost of Variable administrative expense for 10,000 units is $4,500. The total product cost for 10,000 units is $225,500.</span>
Answer:
The following are six essential management skills that any manager ought to possess for them to perform their duties:
Planning. Planning is a vital aspect within an organization. ...
Communication. Possessing great communication skills is crucial for a manager.
Decision-making. ...
Delegation. ...
Problem-solving. ...
Motivating.
Answer:
$1,700,000
Explanation:
Current liabilities is defined as the obligations a business owes to various parties that is due in less than a year.
Jump Corporation has $2,500,000 of short-term debt this is a current liability that can be reduced by issuing shares.
The shares are issued before the balance sheet is released, so the amount of short term debt that will be exude from current liabilities is the value of shares sold.
Value of shares = price of shares* number of shares
Value of shares= 20* 85,000
Value of shares = $1,700,000
Answer:
The correct answer is letter "B": It formalizes the logistics agreed upon by the roommates in the case of a dispute.
Explanation:
Roommate relationships might not always be harmonious. In most cases, people have roommates with the only purpose of sharing rent expenses. Aside from that, they are unlikely to have another bond. Thus, some conflicts could arise as a result of dealing with strangers.
To avoid major inconveniences, a roommate agreement should be signed among the individuals sharing the apartment so in the document, they formally establish the responsibilities and limits they have by sharing the same department and, in front of problems, the document will make it easier to determine who could be at fault.
