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
Answer:
It means that the marginal cost of going to the movies is less than the marginal benefit of going to the movies.
Explanation:
If the student chooses to go to the movies, it means that he thinks he has less to lose when he foregoes studying for a test. Even though logically it may appear that the latter would be a better option, according to him, the 2 or so hours at the movies would provide an extra value like if he went with a family member who he cares about. That probably beats the cost of staying up late to revise for the test.
Answer:
First find the Average fixed cost per papper.
That is,
1. Fixed cost is -
, If sales fall by 20%
Then,
So AFC per papper rises from $1.95 to 2.437
2. The MC will be changes from this 20 % fall is
then
So the marginal cost are changes $1.95 to $2.88
3. Before the changes in cost
So the changes is
The amount changes from $2.40 to $2.88 per paper
Explanation:
To determine the amount that must be invested each year, a computation must be made using the formula for the future value of an annuity due. The future value of an annuity can be described as the sum of the future value of each payment.
Investing can be defined as the process of buying assets that increase in value over time and provide returns in the form of income capital gains or payments. The equation for the future value of an annuity due is the sum of the geometric sequence, or can be written as A(1 + r)1 + A(1 + r)2 + ... + A(1 + r)n.
Learn more about investing here brainly.com/question/15353704
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I'm not sure if the answer is supposed to be multiple choice but <u>In a command economy the government decides how resources are used and what goods and service are produced. In a market individuals make the decisions about how resources are used and what gods and services to provide.</u>
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