<span>The inflation rate is 16.67%. To find this, we first need to compute the GDP deflator for each year and then we need to calculate the percent change in the GDP deflator. The GDP deflator is given by GDPdef=(nominal GDP/Real GDP)*100. For the first year, the GDP deflator is 120. For the second year it is 140. Percent change is given by [(new value - old value)/old value]*100. Plugging in 140 for the new value and and 120 for the old value, we see get that the percent change is 16.6667. Thus the inflation rate is approximately 16.67%.</span>
Answer:
The correct answer is C
Explanation:
Positive technological change or variation occurs or happen when the business or the firm is able to produce or manufacture more amount of output by using the same amount of inputs or the same output which have the fewer inputs.
The example of positive technological change occurs when the firm or the business installs the faster machinery and makes the firm more profitable through increasing the revenue.
<u>Answer:</u>
Some online banks have unwieldy procedures to store money. Alternatives can incorporate a deposit-accepting ATM or placing money into a current financial balance and moving that cash to your online record. You could likewise change over the money into a cash request, which you might store electronically utilizing your online bank's portable application.
Security dangers stay a risk and burden of traditional bank areas. Cybercrimes are, obviously, a problematic issue that can influence web-based banking. That being stated, the broad security conventions presently ensuring internet banking frameworks have drastically decreased this risk.
Answer:
greater; higher than
Explanation:
Here is the complete question
If the supply of aisle seats equals the supply of middle seats on an airplane, and the demand for aisle seats is _____________ than the demand for middle seats, then the equilibrium price of aisle seats will be ______________ the equilibrium price of middle seats
.a. greater; higher than
b. less; higher than
c. greater; lower than
d. less; the same as
Equilibrium price is the price at which quantity demand equal quantity supplied. Above equilibrium price there is a surplus - quantity supplied exceeds quantity demanded.
Below equilibrium price there is a shortage - quantity demanded exceeds quantity supplied
If the demand for aisle seats exceeds the demand for middle seats, it means that equilibrium price for aisle seat would exceed equilibrium price
Answer:
Remove all impediments to the formation of a single market.
Explanation:
The Single European Act was signed in Luxembourg and the Hague in 1986.
The goal fo the Act was to create a single market by 1992 among the members of the European Community.
A single market is an economic bloc when barriers to the transit of goods and services, and to the transit of the factors of production (labor and capital).
