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motikmotik
3 years ago
6

Following a long period of slow​ growth, the government of country X decided to open its economy and reduce trade barriers in or

der to boost economic growth. This provided the expected impetus to the economy as competition increased and the efficiency of domestic firms improved. A decade after opening the​ economy, the​ country's GDP is now growing at an average of​ 7-8 percent annually. A group of economists claim that the standard of living of the people has improved substantially during this period. They also expect this impressive growth to continue over the next five years. Which of the​ following, if​ true, would weaken the​ economists' claim that the standard of living has​ improved?
Business
1 answer:
Readme [11.4K]3 years ago
5 0

This question is incomplete, here is the complete question:

Following a long period of slow growth, the government of country X decided to open its economy and reduce trade barriers in order to boost economic growth. This provided the expected impetus to the economy as competition increased and the efficiency of domestic firms improved. A decade after opening the economy, the country's GDP is now growing at an average of 7-8 percent annually. A group of economists claim that the standard of living of the people has improved substantially during this period. They also expect this impressive growth to continue over the next five years.

Which of the following, if true, will indicate that the standard of living has actually improved since the economy was opened?

A.Country X's leading trading partner reported a fall in the standard of living over the last two years.

B.Discretionary spending by domestic consumers increased during this time.

C.Overall exports increased because of a fall in domestic consumption during this period.

D.High interest rates have attracted a large amount of foreign investment over the last five years.

E.The government pegged its currency to a foreign currency three years back.

Answer:

(B) Discretionary spending by domestic consumers increased during this time.

Explanation:

When domestic consumers engage in increased discretionary spending, then it is safe to say that there is an improvement in the economy. As domestic consumers would rather spend only on essentials (food, clothing, and housing), when they have limited disposable income.

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Q: A ______ ____ is created during the first half of the sprint planning meeting and a ______ _______ is created during the second half of the sprint planning meeting.

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6 0
2 years ago
Kertis, Inc. reported Net fixed assets as follows on its Balance sheets for December 31, 2011 and December 31, 2012: 2011 2012 N
Tems11 [23]

Answer:

Accumulated depreciation in 2012 is $132,314

Explanation:

                                    2011                 2012

Net fixed assets       $200,000       $250,000

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Accumulated depreciation in 2012 = $109,314 + $23,000

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4 0
3 years ago
Estelle is a recent accounting graduate, and while she likes the idea raised by her fellow graduate Fernando to set up business
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#2 should be $250 not including taxes and fees
3 0
3 years ago
Winston Watch's stock price is $70 per share. Winston has $10 billion in total assets. Its balance sheet shows $1 billion in cur
GarryVolchara [31]

Answer:

The Market/book ratio is 5.67.

Explanation:

Book value per share = (common equity)/(number of shares)

                                    = ($ 6 billion)/($ 400million )

                                    = $ 15 per share

Market/book ratio = (market price per share)/(book value per share

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6 0
2 years ago
A company makes travel umbrellas. Its fixed costs are $1000 a week and its variable costs for one batch of umbrellas per week is
Lady_Fox [76]

Answer:

Break-even point in units= 93 units

Explanation:

Giving the following information:

Its fixed costs are $1000 a week and its variable costs for one batch of umbrellas per week are $500 for 2000 units.

After doing market research, the company sets the price per umbrella at $11.

Unitary variable cost= 500/2,000= $0.25

To calculate the break-even point in units, we  need to use the following formula:

Break-even point in units= fixed costs/ contribution margin per unit

Break-even point in units= 1,000/ (11 - 0.25)

Break-even point in units= 93 units

3 0
3 years ago
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