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MAVERICK [17]
3 years ago
12

If real GDP per capita measured in 2009 dollars was​ $6,000 in 1950 and​ $48,000 in​ 2018, we would say that in​ 2018, the avera

ge American could buy​ ________ times as many goods and services as the average American in 1950.
Business
1 answer:
julia-pushkina [17]3 years ago
7 0

Answer:

8

Explanation:

Gross domestic product is the market of all the goods and services produced and rendered during a specific period of time. GDP can be expressed in real value or nominal value .Real GDP does not include the inflation effect but the nominal GDP included the inflation effect on the value of product and services.

According to given data in the question

Real GDP per capita in 1950 = $6,000

Real GDP per capita in 2009 = $48,000

Increase in time = Real GDP per capita in 2009 / Real GDP per capita in 1950 = $48,000 / $6,000 = 8 times

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What was the opening price of dow jones industrial average on jun 01, 2017 in the format of xxxxx.xx?
babymother [125]

Answer:

21080.28.

Explanation:

3 0
2 years ago
Morris company applies overhead based on direct labor costs. For the current year, morris company estimated total overhead costs
spin [16.1K]

Answer:

At year-end, factory overhead is $21,000

Explanation:

Predetermined overhead rate = (Estimated overhead costs/Estimated direct labor costs)

Predetermined overhead rate = ($404000 / $2020000) = 20%*Direct labor costs

Hence, Applied overhead costs= (20% * $1,810,000)

Applied overhead costs=$362000.

Hence balance in factory overhead account at year end = $383,000 - $362,000  

=$21,000.

8 0
3 years ago
cite three real life situations where quadratic equations are illustrated. Formulate quadratic equations out of these situations
NISA [10]

Answer:

I want to know the sides of a pizza if the width is 9 inches larger than the height and the area is 250 squared inches.

My brother wants to know how long his bed is if it has an area of 2m and the width is .5m larger than the height.

My father wants to know whats the size of a football field if the area is 57,600 square feet given that the length is 200 ft larger than the width.

Explanation:

To solve this you just have to think on the unknown value and represent it as "X" in the first problem we do not know the length or width but we have a values given between them, so if "x" is the height then the width becomes "x+9" so those two values multiplied become the area.

x(x+9)=250\\x^{2} +9x=250\\x^{2} +9x-250=0\\

With this you just keep solving the others.

My brother wants to know how long his bed is if it has an area of 2m and the width is .5m larger than the height.

2m as an area and the height is "x"

x(x+-5)=2\\x^{2} +.5x=2\\x^{2} +.5x-2=0\\

My father wants to know whats the size of a football field if the area is 57,600 square feet given that the length is 200 ft larger than the width.

57,600 is the area and width will be "x"

x(x+200)=57,600\\x^{2} +200x=57,600\\x^{2} +200x-57,600=0\\

7 0
3 years ago
Think about your decision to buy the textbook for this course. You paid $250 for the book, but you would have been willing to pa
mart [117]

If the questions are “would I choose to buy the book in the first place”, and “Would I sell the book at the end of the course”, the answer to both questions is yes. The benefit of buying the book for the course is $400 dollars, which is greater than the sales price of $250. Thus, I would buy the book. At the end of the course, the benefit of keeping the book is $50, while my potential sales price is $125 (50% of 250). Thus, I can sell the book for more than it is worth to me, so I will sell the book at the end of the course. 

7 0
3 years ago
You are given:
Dmitry [639]

Answer:

0.087  = 8.7%

Explanation:

Present value of perpetuity given that payment is done at the end of N-year

= present value * ( 1 + i )^n-1

= 169 * ( 1 + i )^n-1  = 100 / i

∴ ( 1 + i )^n-1 = 100 / 169i  ------- ( 1 )

Given that first payment at the end of N years = 2112.50 hence the present value of 2112.50

= 2112.50( 1 + i )^n-1  = 100 / i  + 100/ i^2 --- ( 2 )

(given that the increment is with a difference of 100 ) and N-1 = number of years

next step : Input equation 1 into equation 2

2112.50 i^2 = 169i [ 100i + 100 ]

19350 i^2 = 16900i

∴ i = 16900 / 19350 = 0.086956 ≈ 0.087

5 0
2 years ago
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