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Verdich [7]
3 years ago
14

Between 1916 and​ 2016, the average growth rate of real GDP per person in the United States was 2 percent a year. Complete the s

entence. During this​ period, ______ grew at a faster rate than​ ______.
Business
1 answer:
Phantasy [73]3 years ago
6 0

Answer:

The correct answer is real​ GDP; the population.

Explanation:

Real GDP refers to the total value of goods and services produced by a country, without taking into account the inflation that occurred in the respective period.

Real GDP is equal to deflated nominal GDP according to the increase in the consumer price index [CPI].

In this way, the distortion caused by inflation is eliminated, especially when inflation is very high, since the only increase in the prices of goods and services can inflate GDP, without actually producing an effective increase in production. national.

The GDP will have effectively increased when its increase is greater than the increase in the prices of the goods and services that comprise it.

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Use two correctly labeled side-by-side graphs of the loanable funds market in the United States and China to show how a higher i
dusya [7]

Answer:

Figure is given below.

Explanation:

The graph of United states and china is as follows :

3 0
3 years ago
Katherine wants to open a savings account, and she has obtained account information from two banks. Bank A has a nominal annual
Ronch [10]

Answer:

tyu

Explanation:

8 0
2 years ago
Last year, Product H50E involved 9 customer orders, 666 assembly hours, and 77 batches. How much overhead cost would be assigned
Over [174]

Answer:

$5778.31

Explanation:

The correct answer is as follows:

Overhead cost = 9*31.62+666*2.86+77*46.61

= 5778.31

5 0
3 years ago
Economists are concerned with an individual's wants because 1. wants always lead to shortages in the economy. 2. needs because e
trasher [3.6K]

Economists are concerned with an individual's wants because wants because the existence of wants leads to scarcity.

<u>Explanation:</u>

Wants are the wishes of the human beings. It is the desire that is to be achieved by human beings. Every individual wants something in life for the survival. The wants of human beings has led to the technology advancements and discovery of many new things.

Wants are never ending things in human life. When something is achieved and there arises another want to be achieved again. This is to live better and this betterment will be never ending one, hence, economists view wants of individuals to lead to scarcity.

4 0
3 years ago
Define deferred revenue. Why is it a liability?
bazaltina [42]

Deferred revenue is payment received for goods or services that a customer expects to receive in the future. The company owes the customer until the service is rendered or the goods are delivered. This temporarily turns the sale into a liability.

Deferred revenue are money received on accrual accounting for goods or services that have not yet been earned. Under the revenue recognition principle, they are recognized as liabilities until delivery, at which point they are converted to revenue.

Deferred tax liability is an item on a company's balance sheet for which unpaid taxes are recognized but not paid until a later date.

Learn more about revenue here:brainly.com/question/16232387
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4 0
2 years ago
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