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Crazy boy [7]
3 years ago
7

Nominal GDP increased from $15.62 trillion to $16.09 trillion, and the price level increased from 120.0 to 122.4. The growth rat

e of real GDP was approximately: (Round to the nearest second decimal.)
Business
2 answers:
DENIUS [597]3 years ago
5 0

Answer:

1.00%

Explanation:

Nominal GDP increased from 15.62 to 16.09

Change in increment = 16.09-15.62

= 0.47% approximately 0.5%

Which makes it 1.00%

love history [14]3 years ago
5 0

Answer:

1.5%

Explanation:

Nominal GDP increased from $15.62 trillion to $16.09 trillion, and the price level increased from 120.0 to 122.4. The growth rate of real GDP was approximately:

Change in GDP = (16.09 - 15.62)/15.62 = 0.47/15.62 = 3%

Change in Price = (122.4 - 120.0) / 120= 2.4/120 = 2%

Growth in real GDP = 0.03/0.02 = 1.5%

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4 years ago
What would sell more (both stores are just now opening.): a "in-trend" jewelry store or a Simplistic lip gloss shop?
Gnoma [55]

Answer:

The lip gloss shop

Explanation:

Because a trend last for a short amount of time meaning you have to restock on so many new products all the time wasting more and more money, as to the lip glosses all colors can be sold or always be in style.

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3 years ago
Since the FICA tax is split equally between employers and employees, we can conclude that the incidence of this tax is also equa
shepuryov [24]

Answer:

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a. True

Explanation:

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4 0
3 years ago
When comparing economic, political, and environmental push and pull factors, which of the following is most accurate?
lapo4ka [179]
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4 0
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On january 1, 2013, a company sold a piece of equipment for $30,000 which it had used for several years. the equipment had cost
Tema [17]
Book value on the date of disposal
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45000-20000=25000

Gain on disposal of the equipment
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gains” section of the income statement which increase the profit which transferred into shareholders equity. Also, the account of the equipment will be zero

So the answer is d

Hope it helps!
3 0
3 years ago
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