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iren2701 [21]
3 years ago
12

g Suppose that Real GDP is growing at 7.3% per year, and that the population is growing at 2.3% per year. This implies that Real

GDP per person will double in approximately ____ years if current trends continue. A. 10 B. 12.5 C. 14 D. 17.5 E. There is too little information.
Business
1 answer:
Andrei [34K]3 years ago
3 0

C. 14.

Explanation:

The Real GDP's increase or decrease and how much it will take for it to double will not be influenced strictly by the economic factors but also by the demographic ones. If the population is increasing, then the percentage of increase of the population should be taken out of the increase of the Real GDP so that we have the right numbers about it. If the population is decreasing, then the number of decrease is added on the rise of the Real GDP so that we have an accurate number.

In this case we have a population rise of 2.3% and a Real GDP rise of 7.3%. If we take out the number of increase of the population from the Real GDP increase we will get 5%, which is actually representing the real increase in the GDP. In order to calculate how much time will be needed for the Real GDP to double we will use the 5% as increase base.

First we take a number by choice that will represent the current Real GDP. Than we calculate how much are 5% of that number and added to it, representing the Real GDP for the next year, and we will continue to do so until we reach double the figure from the starting one or very close to it.

(10,000 / 100) x 5 = 10,500

(10,500 / 100) x 5 = 11,025

(11.025 / 100) x 5 = 11.576.25

...

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In general, consolidated financial statements should be prepared a.when a corporation owns more than 50% of the common stock of
anygoal [31]

Answer:

a.when a corporation owns more than 50% of the common stock of another company

Explanation:

Many a times, a parent company holds stock in it's own subsidiary company. Consolidation refers to presentation of combined profitability of a group wherein a Parent Co holds majority of the common stock i.e more than 50% of the common stock in it's subsidiary.

Such a presentation presents the combined picture of a group and helps in better comprehension and understanding by the users of the financial statements.

If a parent owns 100% stock in it's subsidiary, such subsidiary is referred to as a wholly owned subsidiary.

5 0
4 years ago
1. Dominic Joseph deposits $5,000 in a new savings account at his local bank. The account pays 5.5 percent interest compounded a
klasskru [66]

Answer:

The future value is $6,894.21

Explanation:

Giving the following information:

Dominic Joseph deposits $5,000 in a new savings account. The account pays 5.5 percent interest compounded annually.

To calculate the future value, we need to use the following formula:

FV= PV*(1+i)^n

PV= 5,000

i= 0.055

n=6

FV= 5,000*(1.055)^6= $6,894.21

5 0
3 years ago
The long-run aggregate supply curve a. is vertical. b. is a graphical representation of the classical dichotomy. c. indicates mo
Gennadij [26K]

Answer:

The correct answer is option d.

Explanation:

The long-run aggregate supply curve is a vertical straight line. This is because, in the long run, the output level is not affected by price changes. Instead, output level changes with the changes in the state of technology and level of inputs. In the long run, when price level increase, the factor prices or price of inputs will increase as well. So there will be no change in output due to the change in the price level.  

The vertical long-run aggregate supply curve also reflects classical dichotomy that in the long run, when all the resources will be fully employed, an increase in the aggregate demand cause the price level to rise while supply remains constant.

It also indicates that monetary policy only affect the price level, the economic output remains constant.

7 0
3 years ago
What will happen to the price and quantity of Japanese goods in the US if the dollar depreciates causing the costs of producing
Helga [31]

The prices of Japanese goods will increase.

<h3>Economic Principles of Demand and Supply </h3>

Following the principles of demand and supply, the higher the price, the higher the quantity supplied (all other factors remaining constant).

Recall that cost of production for Japanese goods has also increased according to the question. When prices increase, suppliers sometimes want to take advantage to create even additional inflation in order to get additional profit. Hence they put out more goods at the instance of increased prices.

See the link below for more about the law of supply:
brainly.com/question/4803223

3 0
3 years ago
The capabilities used to create the sustainability/green initiatives at Walmart and Target are ______ but less likely to be ____
TEA [102]

Answer:

Letter C is correct. <u>Socially complex; rare.</u>

Explanation:

Organizations are increasingly incorporating ecological sustainability initiatives in their processes and activities, this is mainly due to the phenomenon of social complexity, which is the study of human behavior in several broad and complex circumstances that impact individual and group existence, such as example natural disasters, political movements, marriage practices, emigration patterns and others.

Man is not merely a passive agent, but a searcher for fundamental goals for himself and for society for improvement and survival.

Therefore, it is correct to say that organizations' sustainability initiatives are increasingly present in the current world, and that is why they are not uncommon, because sustainability is already seen as a phenomenon of social complexity, where companies that do not act according to sustainable parameters do not they are well regarded by society, which wants to consume products and services from companies in line with the highest social and environmental standards, which act as an active agent for improving the quality of social life.

4 0
3 years ago
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