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3 years ago

The difference between nominal GDP and real GDP is that:

Business

1 answer:

Elenna [48]3 years ago

4 0

Answer:

a. real GDP adjusts the value of goods for changes in the price level and nominal GDP does not.

Explanation:

The nominal GDP is calculated by using current prices without adjusting the inflation factor int the prices of goods that are accounted for in the total GDP value. On the other hand the real GDP is calculated by adjusting inflation int he pricesof the goods which included in total GDP value. So the correct option is a. real GDP adjusts the value of goods for changes in the price level and nominal GDP does not.

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Cox Electric makes electronic components and has estimated the following for a new design of one of its products:

vfiekz [6]

Answer:

a) attached below

b) P( profit ) = TR(q) - TC(q)

c) attached below

d) -$5000 ( loss )

Explanation:

Given data:

Fixed Cost = $10,000

Material cost per unit = $0.15

Labor cost per unit = $0.10

Revenue per unit = $0.65

a) Influence diagram to calculate profit

attached below

b) derive a mathematical model for calculating profit.

VC = variable cost per unit , LC = per unit labor cost , MC = per unit marginal cost, TC = Total cost of manufacturing , FC = Fixed cost, q = quantity, TR = Total revenue, R = revenue per unit

VC = LC + MC

TC (q) = FC + ( VC * q )

TR (q) = R * q

P( profit ) = TR(q) - TC(q) ------------ ( 1 )

c) attached below

d) If Cox Electrics makes 12,000 units of the new product

The resulting profit = -$5000

q = 12

P = TR ( q ) - TC ( q )

= ( R * q ) - ( Fc + ( Vc * q ) )

= ( 0.65 * 12000 ) - ( 10,000 + ( 0.25 * 12000 )

= -$5200

3 0

3 years ago

Of the principles that can be used to derive control requirements and help make implementation decisions, which principle functi

Serhud [2]

Answer:

b.accountability principle

Explanation:

Accountability principle states that a person should be responsible for their actions, products, decisions, and policies in administration and governance.

It is answerability, blameworthiness, liability, and the responsibility to give account of actions within one's jurisdiction. It entails taking ownership of consequences of one's actions.

In internal control accountability acts as a deterrent for noncompliance to laid down procedures, as each person is answerable for his failing in implementing organisation policies.

5 0

3 years ago

A bank has $132,000 in excess reserves and the required reserve ratio is 11 percent. This means the bank could have __________ i

OLga [1]

Answer:

$14,520 in check-able deposit liabilities and $117,480 in total reserves.

Explanation:

The bank has $132,000 in excess reserves and excess reserves ratio is 11%. The bank will have total reserves of $132,000 * 89% = $117,480. The total liabilities will be equivalent to the excess reserves which is $14,520 [$132,000 - $117,480].

4 0

2 years ago

If fiscal policy is used to correct a recessionary gap in the economy, what would most likely occur in the short run?

lara31 [8.8K]

your answer is B) HOPE THIS HELPS

8 0

3 years ago

Units-of-Production Depreciation Irons Delivery Inc. purchased a new delivery truck for $42,000 on January 1, 2019. The truck is

solmaris [256]

Depreciation Expense for 2019 is $10,800 while Depreciation Expense for 2020 is $9,720

Rate of Depreciation = (Cost - Residual Value) ÷useful life

= ($42,000 - $2,000) ÷ 150,000 miles

= $0.27

Depreciation Expense = Rate of Depreciation x unit of miles during the period

So,

Depreciation Expense for 2019 = $0.27 x 40, 000

= $10,800

Depreciation Expense for 2020 = $0.27 x 36,000

= $9,720

Journal entries to record depreciation expense

Date Account titles and explanation Debit Credit

2019 Depreciation Expense $10,800

Accumulated Depreciation $10,800

Date Account titles and explanation Debit Credit

2020 Depreciation Expense $9,720

Accumulated Depreciation $9,720

See similar questions here: brainly.com/question/22525382

8 0

2 years ago