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3 years ago

Item 3 What do economists call GDP that uses constant, unchanging prices? constant GDP real GDP nominal GDP factual GDP

Business

1 answer:

Ivenika [448]3 years ago

7 0

Economists call GDP that uses constant, unchanging prices as

Explanation:

Real gross domestic product (real GDP for short) is a macroeconomic measure of the value of economic output adjusted for price changes . This adjustment transforms the money-value measure, nominal GDP, into an index for quantity of total output.
It is calculated using the prices of a selected base year. To calculate Real GDP, you must determine how much GDP has been changed by inflation since the base year, and divide out the inflation each year.
Real GDP accounts for the fact that if prices change but output doesn't, nominal GDP would change.
The real economic growth, or real GDP growth rate, measures economic growth as it relates to the gross domestic product (GDP) from one period to another, adjusted for inflation, and expressed in real terms as opposed to nominal terms

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1. What is the maturity value of P12,500 if it is invested at 15% simple interest for 250 days using ordinary interest?

hram777 [196]

Answer:

$13,784.25

Explanation:

Simple interest = P x R x T

(P12,500 x 15 × 250) / 100 × 365 = $1284.25

Value = $1284.25 + P12,500 = $13,784.25

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3 years ago

On a loan of $32,000 at 7% interest for 6 months, how much do you wind up paying to pay off the loan?.

RideAnS [48]

The amount to be paid at the end of the loan period will be $33,120. The rate of interest on the loan is given as per annum and hence the interest is to be calculated for 6 months.

<h3>Calculation of settlement amount of loan:</h3>

Given:

$\rm Principal &= \$32,000\\\\Rate &= 7\%\:per\:annum\\\\Tenure = 6\:months$

Interest is calculated from the following formula:

$\rm Interest = Principal\times Rate \times Tenure$

Hence the interest for the loan will be:

$\begin{aligned}\rm Interest &= \$32,000\times 7\% \times 6\: months\\\\&= 32,000 \times \dfrac{7}{100}\times \dfrac{6}{12}\\\\&= \$1,120\end$

The final payment for the loan will be the combination of principal and interest.

Therefore final payment = $32,000 +$1,120

= $33,120

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2 years ago

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3 years ago

When we express the value of a cash flow or series of cash flows in terms of dollars today, we call it the ________ of the inves

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Answer:

present value; future value

Explanation:

When we express the value of a cash flow or series of cash flows in terms of dollars today, we call it the present value of the investment. This is achieved by discount the future cash flows using the appropriate discounting rate to show the effect of time value of money.

Then, If we express it in terms of dollars in the future, we call it the future value. This is achieved by Compounding the Principle or Present Value using the appropriate compounding rate to show the effect of time value of money

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2 years ago