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Marina86 [1]
3 years ago
5

Suppose the population of country ABC rises from 40 million to 44 million. If the country's Real GDP rises from $825 billion to

$890 billion during this same period, the result is _________________ economic growth.
A. per-capita real economic growth, but not absolute
B. both absolute economic growth and per-capita real
C. absolute economic growth, but not per-capita real
D. neither absolute economic growth nor per-capita real
Business
1 answer:
marshall27 [118]3 years ago
8 0

Answer:

Option (C) is correct.

Explanation:

Given that,

Population rises from 40 million to 44 million

Country's Real GDP rises from $825 billion to $890 billion during this same period.

Therefore,

This country experiencing a absolute economic growth because of the rise in real GDP.

Initial per capita growth:

= Initial Real GDP ÷ Initial Population

= $825 ÷ 40 million

= $20.625

New per capita growth:

= Increased Real GDP ÷ New Population

= $890 ÷ 44 million

= $20.227

Above calculations clearly shows that there is a decline in the per capita growth.

Hence, there is an absolute economic growth but not per-capita real.

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Answer and Explanation:

The journal entry to record the given transaction as follows:

Uncollectible account expense or bad debt Dr $5,670

        To Account receivable $5,670

(being uncollectible account expense is recorded)

Here the expense is debited as it increased the expenses and credited the account receivable as it decreased the asset

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3 years ago
A group of university students toys coconuts from farmers' markets. The students consume the meat of the coconuts for food and u
Karo-lina-s [1.5K]

Answer: The free- rider problem

Explanation:

 The free-rider problem is one off the type of economical issue that cause the market failure problem due to the unsystematic distributing of the various types of goods resources and also the services.

This type of problem is basically occur due to the overuse or degradation of the products and the resources.

According to the given question, the free rider problem is one of the example that best illustrating the given scenario. The main cause of the free rider problem is due to the unequal use of the resources and also the public goods without paying for their particular share.  

 Therefore, The free-rider problem is the correct answer.

7 0
3 years ago
HELP! 20 POINTS!!!
Bingel [31]

The answer is D.)She would likely have to pay more than $55 at the time of purchase for the convenience of using her credit card.

There are always fees for using any type of credit card. Interests or not, you pay fees for the government. Lynn can pay even more if she doesn't pay the balance by the end of the month. Every time she uses the credit card, her balance fees rises. By the time she gets enough money to pay of the balance, her balance will be much bigger.

Hope this helps!!!

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8 0
3 years ago
Read 2 more answers
Which entry records the investment of cash by John, owner of a sole proprietorship?
mote1985 [20]
The answer is: D - Debit Cash; credit John, Capital.

Explanation:

The entry records the investment of cash by John, owner of a sole proprietorship is: Debit Cash; credit John, Capital.
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A marketing strategy is one whose objective is to position the company in relation to competitors, through the creation of value that will help attract and retain consumers.

There are several tools that can help shape an organization's marketing strategy, such as:

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Therefore, the manager must monitor profits, company-customer relationships, sales, and competitor reaction to judge the success of a marketing plan, which should generate value and market leadership for an organization.

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