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tiny-mole [99]
3 years ago
11

In the country of Orcam, the velocity of money is constant. Real GDP grows by 6 percent per year, the money stock grows by 15 pe

rcent per year, and the nominal interest rate is 13 percent. Calculate the growth rate of nominal GDP.
Business
1 answer:
Yanka [14]3 years ago
6 0

Answer:15%

Explanation:

Inflation growth= Money stock Growth - Real GDP growth

=15%-6%

=9%

Nominal GDP= Real GDP+ Inflation growth

=6%+9%=15%

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Review the scenario:
ankoles [38]

Answer:

w4

Explanation:

because its w4 because it explains its his first day on the job

4 0
3 years ago
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Freeman Corporation, which uses a perpetual inventory system, bought inventory for $10,000 and paid $300 freight on the purchase
storchak [24]

Answer:

b. $8,140

Explanation:

The computation is shown below:

= Merchandise amount - return and allowances - discount + freight charges

= $10,000 - $2,000 - $160 + $300

= $8,140

The discount = (Merchandise amount - return and allowances) × discount rate

= ($10,000 - $2,000) × 2%

= $160

Simply we deduct the returned inventory and discount expense and added the freight charges to the merchandise amount

4 0
4 years ago
When a tax is placed on the buyers of lemonade, the a. buyers bear the entire burden of the tax. b. sellers bear the entire burd
Zina [86]

When a tax is imposed on lemonade buyers, the burden of the tax will be shared by the buyers and the sellers, however the distribution of the burden is not always equal.

<h3>when a tax is imposed on product purchasers?</h3>

The supply curve is shifted by a tax paid by sellers, whereas the demand curve is shifted by a tax paid by buyers. Regardless of who pays the tax, the result is the same. With a tax on a good, consumers pay more, sellers are paid less, and there are fewer sales overall.

<h3>What is the tax split between buyers and sellers?</h3>

The cost of a sales tax is split between buyers and sellers under the scenario of demand and supply curves with normal shapes. The ratio of supply and demand elasticity determines how much of a tax will fall on either the buyers or the sellers, or both.

learn more about tax is imposed on product here

<u>brainly.com/question/15515844</u>

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4 0
2 years ago
What is the difference between gross income, taxable income, and adjusted gross income?
melisa1 [442]

Answer:

Here is what I found, I hope it helps

Explanation:

Gross Income contains all money you earn that is not expressly removed from taxation under the Internal Revenue Code (IRC). The part of your gross income which is currently subjected to taxes is Taxable Income. To arrive at the number of Taxable Income, expenses are deducted from gross income. For a year, your Gross Income applies to all your pre-tax earnings, while your Adjusted Gross Income is mostly smaller and refers to your income after tax deductions. I could not find the difference between Adjusted Gross Income and Taxable Income.

6 0
3 years ago
Read 2 more answers
$18 National Income 100 Net Exports 2 Personal Income 85 Personal Consumption Expenditures 70 Saving 5 Government Purchases 20 N
Natali [406]

Answer:

$5

Explanation:

GDP = C + I + G + NE = 70 + 18 + 20 + 2 = $110

NDP = GDP - Consumption of Fixed capital

Consumption of Fixed capital = GDP - NDP

                                              = $110 - $105

                                              = $5

3 0
3 years ago
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