Answer: Nominal GDP values production at current prices, whereas real GDP values production at constant prices.
Explanation;
Nominal GDP calculates the total output in the Economy based on the current prices of commodity which means that it will include inflation.
Real GDP on the other hand removes the effect of inflation by basing the GDP on the prices in a base year which is not usually the current year thereby eliminating the effect of inflation and using constant pricing. Real GDP is therefore better for comparison over the years.
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Answer:
15.0%.
Explanation:
The formula to compute the annual rate of return is shown below:
= Annual net income ÷ average investment
where,
Annual net income is $30,000
And, the average investment would be
= (Initial investment + salvage value) ÷ 2
= ($400,000 + $0) ÷ 2
= $400,000 ÷ 2
= $200,000
Now put these values to the above formula
So, the rate would equal to
= $30,000 ÷ $200,000
= 15%
Answer:
(Q, R) = (1555, 1400)
shortage imputed = $0.388
Explanation:
Lot size-reorder point system is one of the multi period models. This system is denoted by decision variables (Q, R). This multi period model is implemented when there is uncertain demand in inventory control.
nevertheless, in the simple EOQ model, demand is known and fixed. But when the demand is random, these lot size-reorder point (Q, R) systems allow random demand.
There are two decision variables in a (Q, R) system:
Order quantity, Q and
Reorder point, R
Additional steps are attached as files
