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3 years ago

Suppose nominal GDP increased in a given year. Based on this information, we know with certainty that:

Business

1 answer:

Vinvika [58]3 years ago

7 0

Answer:

D. either real output or the price level (GDP deflator) have increased.

Explanation:

GDP is the total value (price x quantity) of goods & services produced by an economy during an a time period.

Real GDP is calculated on the basis of base year price index. Nominal GDP is calculated on the basis of current year price index.

So: Real GDP increases only due to rise in output quantity, not by price. Nominal GDP can increase due to rise in both output quantity or in price level (reflected in deflator).

This makes Real GDP a better measure of Economic growth than Nominal GDP, since it captures effect of increased production only (& not price).

Deflator is a measure of average price level change =

Nominal GDP X 100

Real GDP

Deflator > 100 shows inflation in general price level, Deflator < 100 shows deflation in general price level.

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How many dollars does "Johnson & Johnson" make every 20 seconds?

pshichka [43]

Answer:

Johnson & Johnson make $51,433.28 every 20 seconds

Explanation:

The complete question is

I'm playing a riddle game thing and one of the questions is

"How many dollars does Johnson & Johnson make every 20 seconds?"

I found that they make 81.1 billion dollars yearly, but I have no clue how to get it to 20 seconds.

Remember that

1 year=365 days

1 day=24 hours

1 hour=60 minutes

1 minute=60 seconds

Convert year to seconds

$(365)(24)(60)(60)=31,536,000\ sec$

1 billion=1,000 millions

1 billion=1*10^9

81.1 billion dollars=81.1*10^9 dollars

we have

$81.1*10^{9} \frac{\$}{year}$

Convert to $/sec

$81.1*10^{9}\frac{\$}{year}=81.1*10^{9}/31,536,000=2,571.66\frac{\$}{sec}$

Multiply by 20 sec

$2,571.66(20)=\$51,433.28$

therefore

Johnson & Johnson make $51,433.28 every 20 seconds

3 0

3 years ago

Economists refer to this pattern, the ___________________________________, which means that as a person receives more of a good,

DochEvi [55]

Answer:

The law of diminishing marginal utility

Explanation:

Simply put, as more (additional unit) of a good is consumed the lesser the marginal utility or satisfaction derived.

For example, a child might request a certain type of chocolate form his parents for a period of time.

After sometime, the child may buy less and choose another type of chocolate or prefer to buy cake instead because the satisfaction he initially got from the chocolate is diminishing.

8 0

3 years ago

Cascade Company was started on January 1, Year 1, when it acquired $151,000 cash from the owners. During Year 1, the company ear

erica [24]

Answer:

Cascade Company

Income statement for the year ended year 1

Sales Revenue $90,600

Less Expenses $62,000

Net Income $28,600

Cascade Company

Statement of changes in equity for the year ended year 1

Capital Retained Income Total

Beginning of the Year :

Opening Balance $151,000 $ 0 $151,000

During the Year :

Profit for the year - $28,600 $28,600

Dividends paid - ($13,000) ($13,000)

Total $151,000 $15,600 $166,600

Cascade Company

Balance Sheet as at year 1

ASSETS

Cash ($151,000 + $90,600 - $62,000 - $13,000) $166,600

Total Assets $166,600

EQUITY AND LIABILITIES

Equity $166,600

Total Equity and Liabilities $166,600

Cascade Company

Statement of Cashflow for the year ended year 1

Cash flow from Operating Activities

Cash receipts from customers $90,600

Cash payments to suppliers and employees ($62,000)

Net Cash from Operating Activities $28,600

Cash flow from Investing Activities

No Investment activities

Net Cash from Investing Activities $0

Cash flow from financing Activities

Capital Invested $151,000

Dividends Distributions ($13,000)

Net Cash from Investing Activities $138,000

Movement during the year $166,600

Beginning Cash and Cash Equivalents $0

Ending Cash and Cash Equivalents $166,600

Explanation:

The income statement, statement of changes in equity, balance sheet, and statement of cash flows for Cascade Company have been prepared above.

Note : Make sure to take note of the format and appropriate heading of each statement.

8 0

3 years ago

Shirt Company is considering adding a new product line, a cloth shopping bag with custom screen printing that will be sold to g

miskamm [114]

Answer:

Instructions are below.

Explanation:

Giving the following information:

The current market price of cloth shopping bags is $2.25

Target profit= 60%

First, we need to calculate the cost per unit to reach the target cost.

Target cost= selling price*(1-targert profit)

Target cost= 2.25*0.4= $0.9

Now, if $0.8 is the unitary total cost:

Cost= (0.8*100)/2.25= 35.5%

Profit= 100 - 35.5= 64.5%

The company should manufacture the product because it reaches the target profit per unit.

7 0

3 years ago

Which of the following refers to a person's beliefs about what behaviors are appropriate or necessary in a particular situation?

poizon [28]

Answer:

1 natural aptitudes

Explanation:

6 0

3 years ago