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4 years ago

What is real GDP per capita, and why do economists measure it?

Business

1 answer:

Shtirlitz [24]4 years ago

3 0

Answer:

Real GDP per capita is a measurement of the total economic output of a country divided by the number of people and adjusted for inflation. It's used to compare the standard of living between countries and over time.

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When a home is hit with a assessment to pay for an improvement in the neighborhood such as sidewalk repair, or paving a road, or

enyata [817]

Answer:

Brokers must disclose the information regarding the improvement and the fact that the property's taxes will increase the next year. Neighborhood improvements are paid by Special Assessment Districts adding taxes to existing properties or increasing sales taxes. Buyers need to know what property taxes they are expected to pay, and in this case, the current property taxes must be adjusted to show the real amount that will be paid in the future.

This isn't something necessarily bad because you are going to pay higher taxes, but your neighborhood is also improving.

8 0

3 years ago

Which type of technology is best for laying out financial projections?

lina2011 [118]

Answer: Spreadsheets

Explanation: Spreadsheets allow you to

foresee and edit data, while also seeing

the past data to help towards ones

future business goals.

5 0

2 years ago

Increases in the minimum wage are intended to raise the incomes of low-income workers. Many economists favor a different policy

Stels [109]

Answer:

The Earned Income credit

Explanation:

Many economists choose the earned income credit (EIC) over the increase in minimum wage because it avoids deadweight losses. Deadweight losses results when supply are demand are not in equilibrium (Market Inefficiency). Increases in minimum wages invariably leads to increase in prices of market goods which are overpriced. This leads to market Inefficiency.

So in trying to help low income earners, many economists choose the EIC over just increasing minimum wage.

The earned Income Credit helps certain tax payers with low incomes from work in a particular tax year. It reduces the amount of tax owed and may result in a refund to the tax payers if the amount of credit is greater than the amount of tax owed.

8 0

3 years ago

A first saving account pays 5% compounded annually. A second saving account pays 5% compounded continuously. Which of the two in

Marysya12 [62]

The account that’s compounded continuously is the better investment long-term because you accrue interest on top of interest on a daily basis which grows exponentially.

3 0

3 years ago

You are offered a chance to buy an asset for $4,500 that is expected to produce cash flows of $750 at the end of Year 1, $1,000

zzz [600]

Answer:

a. 22.64%

Explanation:

At first we are going to need to compute the Internal rate of return(IRR) (in which the current value of inflows = the current value of outflows)

Let's let the IRR be x percent

Therefore $4,500 = $750 / (1.0x)

+ $1,000 / (1.0x) power 2 + $850 / (1.0x) power 3 

+ $6,250 / (1.0x) power 4

Thus, x = approximate return rate = 22.64 percent

6 0

3 years ago