1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
GaryK [48]
3 years ago
6

Last year real GDP in the imaginary nation of Oceania was 561.0 billion and the population was 2.2 million. The year before, rea

l GDP was 500.0 billion and the population was 2.0 million. What was the growth rate of real GDP per person during the year?
Business
1 answer:
alekssr [168]3 years ago
6 0

Answer:

The answer is: 2%

Explanation:

First of all since we were not given any inflation rate, we can assume it is 0.

  • The real GDP per capita for Oceania during last year was: $255,000 per person ($561 billion / 2.2 million people).
  • The real GDP per capita for Oceania during the year before was: $250,000 per person ($500 billion / 2 million people).

The real GDP per capita growth rate was 2%

= {[($255,000 / $250,000) - 1] x 100} = 2%

You might be interested in
An investor purchases a PQR convertible bond at 98 on June 18, 1994. The bond is convertible at $25, and on June 19, 1995, when
suter [353]

Answer:

pqqrptqtrmxyqumqmrmqmqmymh m

8 0
3 years ago
Which of the following systems would work best for a very standardized product that has a fairly high and predictable demand? a.
Margaret [11]

Answer:

The answer is b. make-to-stock system

Explanation:

Make-to-stock system  is a build-ahead production approach in which production plans may be based upon sales forecasts and/or historical demand. It is a traditional production strategy that is used by businesses to match the inventory with anticipated consumer demand.

5 0
3 years ago
The college majors that lead to the highest median earnings for both men and women tend to be those that
Burka [1]
Question 30.... are more quantitative and analytical. 
The study about High-Paying, In Demand Job Skills, of a global media leading company will lead you to a conclusion that quantitative and analytical traits of an employee is more important than an employee who is computer literate and good at foreign languages. These traits are helpful in any field.
4 0
3 years ago
The labor-supply curve is affected by the trade-off between labor and leisure.
NikAS [45]

TRUE.

The labor-supply curve is affected by the trade-off between labor and leisure.

The  opportunity cost of leisure depends on the wage rate, it increases and people supply more labor. Main factors determining the labor supply curve how desirable the work appears to its employees relative to the alternatives available in the market.

Other factors that encourages are government policies and procedures that are labor and trade effective or not. The quantity of workers trained for a particular job specifications. The number of workers in economy and the education required further.

To learn more about labor supply here,

brainly.com/question/23876084

#SPJ4

4 0
2 years ago
When might be the best time to start saving for retirement?
maks197457 [2]
When your in your late 20s early 30s 
5 0
3 years ago
Read 2 more answers
Other questions:
  • Bright Daffodils Inc. operates in a state where the smoker's rights law is prevalent. Samantha, the HR manager at Bright Daffodi
    9·1 answer
  • After asking yourself what you are good at and what you enjoy doing, you will be able to discover:
    5·2 answers
  • _________ is the name of a free-market economic system in which most of the factors of production and distribution - such as lan
    8·2 answers
  • Advertisers sometimes use words that invite viewers to make an erroneous interpretation; they appear to promise something but in
    5·1 answer
  • Regina owns and operates her own bakery and coffee shop. regina has no accounting training and has only three employees. how doe
    8·1 answer
  • The stockholders’ equity section of Montel Company’s balance sheet follows. Preferred stock—5% cumulative, $10 par value, 16,000
    6·1 answer
  • 3/4 two equipment fractions​
    10·1 answer
  • Effective project teams have a results orientation; each person has a strong commitment to accomplishing the project objective .
    14·1 answer
  • Finance professionals make decisions that fall into three distinctive areas: corporate finance, capital markets, and investments
    7·1 answer
  • Type the correct answer in the box. Spell all words correctly.
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!