The correct answer is A. During 2009 real GDP in Viloxia grew by 2 percent, which is about the same as average U.S. growth over the last one-hundred years.
Given that in 2009, the imaginary nation of Viloxia had a population of 5,000 and real GDP of 500,000, and in 2010 it had a population of 5,100 and real GDP of 520,200, to determine the growth of real GDP in Viloxia during 2009, the the following calculations must be made:
- Total GDP / population = real GDP
- 500,000 / 5000 = X
- 100 = X
- 520,200 / 5100 = X
- 102 = X
- 102 - 100 = 2
Therefore, during 2009 Viloxia's GDP grew by 2 percent, which is about the same as average U.S. growth over the last one-hundred years.
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Answer:
Economic loss=$(28,000)
Explanation
Accounting profit is the difference between total revenue and explicit cost.
Explicit cost refers to all cash and non cash cost incurred to produce the goods and services
Economic profit = sales revenue - explicit cost - implicit cost
Implicit cost is the opportunity cost - the value of the next best alternative sacrificed to produce the product.
The opportunity cost in the case is the worth of the offer to work elsewhere which is equal to $25,000
Economic profit = (7,000× 6) - 45,000- 25,000=$ (28,000)
Economic loss=$(28,000)
Answer: Index numbers are used to measure changes in the value of money. A study of the rise or fall in the value of money is essential for determining the direction of production and employment to facilitate future payments and to know changes in the real income of different groups of people at different places and times.
Explanation:
Answer:
A) 1
Explanation:
The financing activities section of the statement of cash flows record transactions that are related to the financing of the entity's ordinary course of business.
These are activities that result in changes to long term debt and equity.
Such include; borrowing and repayment of long-term loans, Issuance and acquisition of own shares of common and preferred stock etc.
Declaration and payment of a cash dividend during the period is a financing activity while net income for the period is an operating activity.
Hence the right option is A) 1
Answer:
C. this CEO's unethical actions influenced other company employees to take unethical actions.
Explanation:
Ethics is defined as the set of moral principles that guides a person's behaviour in doing what is accepted as right or wrong. When a person is unethical he does not have strong moral standards and lacks principles.
In this instance botnwas unethical for the CEO to raise price of Daraprim by 5,000% as people who have low income will not be able to purchase the drug. Apart from this he was also charged with securities fraud.
After going to prison the price of Daraprim was still above $750. This is an ondicai that his unethical behaviour has affected other employees in the company. As they are still selling the drug at exorbitant price.
