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Reika [66]
3 years ago
9

The GDP per capita of a country is lower than that of france. if the GDP per capita of the country is adjusted for PPP, the coun

try's revised GDP is higher than that of france. which of the following is most likely true about the country?
a. cost of living in the country is higher than that of france
b. the cost of living in the country is approximately equal to that of france
c. the cost of living in the country has increased over the past decade
d. the cost of living in the country is lower than that of france
Business
1 answer:
o-na [289]3 years ago
4 0

Answer:

D. The cost of living in the country is lower than that of France

Explanation:

PPP or Purchasing Power Parity is a measure of the cost of living in different countries. When GDP Per Capita is computed accounting for PPP, significant differences can show up between this measure and Nominal GDP Per Capita, this is because of differences in the cost of living among countries.

If the GDP Per Capita Nominal of a country is lower than that of France, it means that measured by US Dollars, the other country produces less output per person than France. However, if the GDP Per Capita PPP of the same country is higher than that of France, it means that even if output is less, people in the other country can buy more things with less income than people in France. (Remember than when calculating GDP, output is the same as income).

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belka [17]

Business messages usually conclude with a call to action.

<h3>What are business messages?</h3>

These are the ways through which companies and business have to communicate with one another.

The mediums through which they communicates includes:

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The companies and their customers use the messages as a way of interacting and having their needs met.

Such messages have contents that are directly related to the business.

Read more on business messages here:

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3 0
2 years ago
Gross profit equals the difference between sales revenue and cost of goods sold plus operating expenses. net income and operatin
juin [17]

Answer:

Gross profit equals the difference between sales revenue and cost of goods sold.

Explanation:

The gross profit is calculated by subtracting total cost of goods sold from total sales. Both the total sales and cost of goods sold are found on the income statement.

Gross profit = Sales revenue - cost of goods sold.

It is one of three profit metrics used in business statement reports

6 0
3 years ago
Answer the question on the basis of the given supply and demand data for wheat. Bushels Demanded Per Month Price Per Bushel Bush
Flura [38]

Answer:

C. farmers would not be able to sell all their wheat. 

Explanation:

At a price of $4, quantity supplied exceeds quantity demanded. Quantity supplied is 73 while quantity demanded is 50. There is an excess supply over demand. Therefore, farmers would not be able to sell all their wheat.

Equilibrium price is $2. This is where quantity supplied equals quantity demanded.

I hope my answer helps you

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3 years ago
Belinda’s job at the corporate offices of Mobility Car Rental requires her to analyze large amounts of data in order to identify
wolverine [178]

Answer:

The correct answer is: customer relationship management.

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I got a 50 the first time taking this, don’t know what I got wrong.
loris [4]

Answer:

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Price elasticity of supply measures the responsiveness of quantity supplied to changes in price of the good.

If demand or supply is elastic, the deadweight loss of tax is higher. If demand or supply is inelastic, the deadweight loss of tax would be lower.

8 0
2 years ago
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