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3 years ago

Which of the following represents a positive economic statement?

Business

2 answers:

Alecsey [184]3 years ago

8 0

Answer:

I think the answer is B, I hope it helps.

Explanation:

blondinia [14]3 years ago

3 0

It’s either b or c I’m really sorry
Guys leave your opinions in the comments box

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During a presidential campaign, the incumbent argues that he should be reelected because nominal GDP grew by 12 percent during h

bearhunter [10]

Answer:

Grew by 2%

Explanation:

Given: nominal GDP =12% positive value cause it grew by 12% during these years.

Population grew by 4%

GDP deflator = 6% positive value cause it also grew by 6%

Question says we must find real GDP per person for the 4 year term that the president has served for so we will use the formula to calculate GDP Deflator to actually solve for Real GDP as we know the formula is GDP Deflator= (nominal GDP per person%)/(Real GDP per person%)x100

So we already have the nominal GDP and the GDP deflator therefore we substitute to the above formula:

6% = (12%)/ (Real GDP per person percentage) x100, and now we solve for Real GDP per person%

Therefore we multiply both sides with Real GDP percentage and get:

Real GDP per person %( 6%) = 12% and then we divide both sides with 6%,

Therefore Real GDP is 2% so we also see that real GDP has actual grown by 2% because the GDP deflator grew instead of decreasing where nominal GDP is also positive so if we have a fraction where an answer is positive we know both fraction values must be positive pus if the GDP deflator increases both nominal and Real GDP increase and that’s the relationship they have.

4 0

2 years ago

Quarter Inc. is an Italian company that set up its ventures in the United States. It sells watches—designed and manufactured in

spin [16.1K]

Answer: D

Explanation: Quarter Inc. cannot be legally charged because as a foreign entity, it is exempt from prosecution based on sovereign immunity. Once the defendant establishes that it is a foreign state, for the lawsuit to proceed, the plaintiff must prove that one of the Act's exceptions to immunity apply.

4 0

3 years ago

What is the nash equilibrium for this game?

NeTakaya

The nash equilibrium would be A. bp and the mini-mart will both not advertise.
The nash equilibrium happens when all of the competitors choose the decision that give the optimal outcome for both of them.
If Bp and mini-mart both choose not to advertise they both will have a similar profit.

4 0

3 years ago

A Texas household receives a Social Security check for $1500, which it uses to purchase a $40 pair of shoes made in Thailand by

rewona [7]

Answer:

Shoes from the Thai and korean firm is part of imports

Imports=40+1240=1280

Domestic consumption=220

Security check is part of government spending=1500

GDP=1500+220-1280=440

6 0

3 years ago

Gilberto Company currently manufactures 65,000 units per year of one of its crucial parts. Variable costs are $1.95 per unit, fi

pashok25 [27]

Answer:

Explanation:

cost of making in-house

Variable cost = 1.95 * 65,000 = 126,750

Related fixed cost = 75,000

Unavoidable fixed cost= 62,000

Total cost of manufacturing = 263,750.

cost of buying

Unit cost = 3.25*65,000 = 211,250

Unavoidable fixed cost = 62,000

Total cost of buying = 273,250 .

Cost of buying is higher than the cost of making

Incremental cost buying = 273,250-263,250 = 9,500

Recommendation

Gilberto should manufacture in - house instead of buying.

4 0

3 years ago