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Sedaia [141]
2 years ago
15

Suppose that real GDP equals $10 trillion, nominal GDP equals $20 trillion, and the aggregate price level equals 2.

Business
1 answer:
Archy [21]2 years ago
4 0

Answer:

b) $10 trillion

Explanation:

Price level = NGDP / RGDP = 2

NGDP / RGDP = 2

As per the quantity theory of money,

MV = PQ

M.(2) = 20

M = 10 trillion

Therefore, The  money supply is $10 trillion.

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Assuming you see a logo and recognize the brand as it is being presented to you, this is an example of Aided recall.

<h3>What is aided recall?</h3>

Aided recall can be defined as the process in which a person is being asked a question partaining to the advertisement he/she saw.

Aided recall in important as it help to create product awareness and it enables people to recognize a brand based on the advert they saw and to showcase their knowledge about the advert when asked.

Inconclusion this is an example of Aided recall.

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3 0
1 year ago
Link Company uses a process cost system and the weighted average method. During the year the company completed 1,300 units of pr
Bumek [7]

Answer:

Cost per equivalent unit: $60

Explanation:

Cost per equivalent unit = (Cost of Beginning Work in Progress Inventory + Total production cost during the period) / Equivalent Units of Production (EUP)

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7 0
3 years ago
Current trends indicate that, due to the emerging economies, the world is moving _____ an economic system that is more favorable
Blababa [14]

Answer: closer to

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Due to emerging markets, the world is moving closer to an economic system that is more favorable for international business. There are more quality goods produced by nations and advancement in technology has also helped the economy.

5 0
3 years ago
Raphael Corp. incorrectly expensed a major addition to equipment when the company should have capitalized the expenditure. What
noname [10]

When Raphael Corp. incorrectly mentioned an expense of equipment addition instead of capitalizing the effect of the same, then in such case, the net income of the company is understated in the financial statements.

<h3>What is net income?</h3>

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Hence, the significance of net income is aforementioned.

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#SPJ1

7 0
2 years ago
Population growth is highest in which countries answers apex
Umnica [9.8K]
Countries with little money (apex) earth scince [sem2]
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3 years ago
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