1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Vanyuwa [196]
3 years ago
5

The Great Depression was the worst economic disaster in U.S. history in terms of declines in real GDP and increases in the unemp

loyment rate. Use the data in the following table to calculate the percentage decline in real GDP between 1929 and 1933.
Year Nominal GDP Billions of Dollars GDP Price Deflator (yr 2000 = 100)
1929 103.6 11.9
1933 56.4 8.9

Real GDP changed by _____% over the 4 year period between 1929 and 1933. Enter a percentage value rounded to one decimal place. Include a minus sign if necessary.
Business
1 answer:
KatRina [158]3 years ago
3 0

Answer: -27.2%

Explanation:

The Real GDP can be calculated using the formula for calculating the Price Deflator which is the current price level for the year.

Price Deflator = (Nominal GDP / Real GDP) * 100

Real GDP = (Nominal GDP/ Price Deflator ) * 100

1929

= (103.6/11.9 )* 100

= $870.588

1933

= (56.4/8.9) * 100

= $633.70787

Percentage Change

= (870.588 - 633.70787) / 870.588

= 0.272

= -27.2%

GDP changed by -27.2% over the 4 year period between 1929 and 1933

You might be interested in
Wagon Department Store had net credit sales of $16,000,000 and cost of goods sold of $15,000,000 for the year. The average inven
miv72 [106K]

Answer:

7.5 times

Explanation:

Inventory turnover = \frac{Cost \: of\: goods\: sold}{Average\: Inventory}

We have been provided that,

Cost of goods sold = $15,000,000

Average inventory for the year = $2,000,000

Therefore, Inventory Turnover ratio = \frac{15,000,000}{2,000,000}

= 7.5 times

It means on an average how many times the inventory is sold, and replaced during the period.

8 0
3 years ago
Please help!! Question: Drake begins wearing knee high socks in his videos and concerts? What
MariettaO [177]
The answer would be B because demand would increase, therefore if there are more consumers there will be less product as people keep buying (therefore p decreases)
7 0
2 years ago
As with all managerial work, arts and
lilavasa [31]
C. Especially art is what they look for
6 0
3 years ago
How might a technology company like apple ensure that it behaves in a socially responsible way toward its customers? by protecti
Serhud [2]

The correct answer is the first option. By protecting the privacy of personal information collected on its website a company like apple would be behaving in a socially responsible way towards its customers. Technology companies like apple have a responsibility to protect the personal information of its customers, if this wasn't the case then people would not buy their products as they would not have any faith in the company.

7 0
3 years ago
Read 2 more answers
If government cuts taxes. A. after tax income should increase shifting AD to the right to a higher equilibrium level of output B
Vera_Pavlovna [14]

Answer:

A. after tax income should increase shifting AD to the right to a higher equilibrium level of output

Explanation:

If the government reduces tax, the after tax income would increase and so woold demand. Thus, the aggregate demand curve would shift rightward to a higher equilibrium level of output.

If the government cuts taxes, after tax income should decrease shifting AD to the left to a lower equilibrium level of output

I hope my answer helps you

8 0
2 years ago
Other questions:
  • Which business document is a contract that defines the tasks, time frame, and deliverables that a vendor must perform for a clie
    8·1 answer
  • Sal has been in the landscaping business for over 40 years. when jaime, his business partner, suggested adding snow removal as a
    8·2 answers
  • Nguyen's Sporting Goods is having difficulty obtaining the credit it needs to expand. What should the company do in order to all
    11·1 answer
  • You are planning to save $1,000,000 for retirement over the next 30 years. If you are earning interest at the rate of 6% and you
    14·1 answer
  • You are a marketing director for a large food manufacturer. lately, you have noticed that you are spending a great deal more tim
    13·1 answer
  • Over the last two decades the combination of the internet, high definition TV, and the surround sound has revolutionized watchin
    10·1 answer
  • A pharmaceutical company wishes to focus on an enzyme to develop new medications. What type of study would be of the greatest be
    11·1 answer
  • "Today you made a student loan of $10,000 with the 5.5% annual interest rate. You will be in school next four years and you do n
    6·1 answer
  • Mary beth owns a rental house. her current tenant, carl, signed a two-year lease and moved into the house in january of last yea
    7·1 answer
  • A dealer buys 10,000 shares of ABC common at $20 for its inventory. One week later the stock is quoted at $22 - $23, and a custo
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!