The number of units of developing country currency required to purchase a basket of goods and services in a developing country that costs one dollar in the US is given by Purchasing power parity. Thus the correct option is C.
<h3>What is Service?</h3>
Services are referred to as a type of goods that is offered to someone in terms of facilities like the one received in a restaurant or shopping mall. It is a type of commodity or product that is intangible in nature, one can only feel it.
When a country's money is convertible into another country's currency, the number of products and services that can be purchased in each country at the same price is equal. This is known as purchasing power parity.
So, Purchasing power parity determines how many units of an emerging country's currency are necessary to purchase a basket of products and services in that country that cost one dollar in the United States.
Therefore, option C is appropriate.
Learn more about Purchasing power parity, here:
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The complete question is
he number of units of developing country currency required to purchase a basket of goods and services in a developing country that costs one dollar in the U.S. is given by?
a. GNI price deflator.
b. Human Development Index ranking.
c. Purchasing power parity.
d. The exchange rate.
Answer:
$8,300
Explanation:
DYBALA CORPORATION'S CONTRIBUTION INCOME STATEMENT
Sales and variable
expenses per unit price ×( 6,700 units 6,870 units ) each
Sales (at $180 per unit)
$1,206,000 $1,236,600
Variable expenses (at $90 per unit)
$ 603,000 $ 618,300
Contribution margin
$603,000 $618,300
Fixed expenses ($7,000 increase)
$180,000 $187,000
Net operating income
$ 423,000 $431,300
Therefore the net operating income would increase by $8,300
$ 423,000 -$431,300= $8,300
Note:
sales - variable expenses = contribution margin
Contribution margin- Fixed expenses =Net income
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Answer:
The correct answer is FALSE.
- First it's not sound investment advice to put all his savings into an investment because as the narrative rightly points out, he may have other needs.
- Second, high growth stock are also
- high risk
- they only pay in the long term only if the company is successful because dividends are re-invested which is one of the reasons the companies grow quickly.
Although they are high risk, they also have great advantages such as:
- High growth rate: this means if all goes well David will enjoy a good return on his investment;
- It's also a way to protect his money from erosion by inflation
What can David do?
Subject to the advise of a professional investment professional
- David needs to take into consideration his immediate needs, set aside some funds to take care of that.
- Invest the balance into a mix of high growth rate stock which are high yielding but risky and low growth rate but secure investment like government bonds.
- Start a small business by the side or get a job in the interim as he continues with his new life.
Cheers!
Answer:
What to produce?
Explanation:
A society has to make choices in order to meet the diverse needs of its members. The resources available in all economies are insufficient to meet all needs. Because of this scarcity, a society has to make informed decisions on what to produce at any given.
Societies make choices on what to produce with the available resource. In every decision, there is a sacrifice to be made.
