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Aleksandr [31]
3 years ago
7

If the demand for insulin is inelastic, an increase in insulin prices leads to

Business
1 answer:
exis [7]3 years ago
6 0
Extent to which the demand<span> for a good changes when income changes.</span>
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The major difference between nominal GDP and real GDP is: nominal GDP measures the value of output with constant output levels,
Andrei [34K]

Answer:

The correct answer is "nominal GDP measures the value of output in current-year prices, while real GDP measures output using constant prices."

Explanation:

The real GDP growth is the value of all goods produced in a given year; nominal GDP is the value of all the goods taking price changes into account.

The nominal GDP is the value of all the final goods and services that an economy produced during a given year. It is calculated by using the prices that are current in the year in which the output is produced. The nominal GDP takes into account all of the changes that occurred for all goods and services produced during a given year. For example, a nominal value can change due to shifts in quantity and price.

The real GDP is the total value of all of the final goods and services that an economy produces during a given year, accounting for inflation. It is calculated using the prices of a selected base year.

The correct answer is "nominal GDP measures the value of output in current-year prices, while real GDP measures output using constant prices."

7 0
3 years ago
To form a corporation, the organizers must follow the requirements set forth by the corporation code of the state in which the c
Fantom [35]

Answer: Incorporating a corporation

Explanation:

According to the question, the given process is known as incorporating the corporation. As, the incorporation is one of the type of legal process in which the organization are used the various types of corporate entities to form a corporation.

The corporation is the type of legal entity in an organization which results into the separation of investors and the owner.

According to the question, the organizers uses the proper requirement with the help of corporation code to form a proper corporation.

8 0
2 years ago
The outdoor clothing company Patagonia, Inc. pledges one percent of the company's annual revenue to environmental causes around
Rufina [12.5K]
Obligation is a condition of being linked in a relationship. We are all obligated to maintain the earth so it will sustain us because we all live on it
3 0
2 years ago
A credit card company advertises an APR of 15.3%, compounded daily. What
Art [367]

Answer:

B. 16.53%

Explanation:

The effective interest rate is the real interest rate charged by a bank or any other type of lender on a loan.

the formula to calculate effective interest rate = r = (1 + i/n)ⁿ - 1

  • i =15.3%
  • n = 365 days

r = [1 + (15.3%/365)³⁶⁵] -1 = 1.00419178³⁶⁵ - 1 = 1.165287621 - 1 = 0.165287621 ≈ 16.53%

7 0
3 years ago
A business plan should generally project financial and operational aspects of the proposed business for the first six months. on
djyliett [7]
The right answer for the question that is being asked and shown above is that: "first six months. "<span>A business plan should generally project financial and operational aspects of the proposed business for the first six months.</span>
6 0
3 years ago
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