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Mashcka [7]
3 years ago
12

Between 2015 and 2016, the country of West Fredonia experienced a growth rate of -2.6%. If nominal GDP had increased by 3.5% and

the population growth was recorded as 0.6%, then calculate the annual inflation rate in West Fredonia. Give your answer to one decimal.
Business
1 answer:
Nastasia [14]3 years ago
8 0

Answer:

5.5%

Explanation:

Nominal GDP = 3.5%

Economic growth rate = -2.6 %

population growth = 0.6%

To calculate the annual inflation rate :

Economic growth rate = Nominal GDP - %change in price - population growth

-2.6 = 3.5 - %change in price - 0.6  

Therefore the %change in price ( inflation rate ):

inflation rate = 3.5 + 2.6 - 0.6

                      = 3.5 + 2

                       = 5.5%

The inflation rate of a country measures the relative increase increase in the price of commodities without a relative increase in purchasing power

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a consumer has $100 to spend on two goods X and Y with prices $3 and $5 respectively. drive the equation of the budget line​
kotegsom [21]

Answer:

3X + 5Y = 100

Explanation:

Given that a consumer has $ 100 to spend on two goods X and Y with prices $ 3 and $ 5 respectively, the equation that represents this distribution is the following:

3X + 5Y = 100

Thus, the consumer may consume different combinations of products, as long as the sum of both amounts is $100 as a final result. For instance:

3x20 + 5X8 = 100

60 + 40 = 100

3x5 + 5x17 = 100

15 + 85 = 100

5 0
3 years ago
Where can you access the sample company - Long For Successful Events?
guajiro [1.7K]

The place where you can access the sample company - Long For Successful Events is through the "icon."

In QuickBooks Online Advanced application.

  • Go to the Settings menu:
  • Then click on the Icon tab.
  • Then follow up by selecting the Sample company.

QuickBooks Online is used for many financial activities of a company, such as managing income and expenses, keeping a record of the finances of business activities.

Hence, in this case, it is concluded that the correct answer is through the company <u>icon</u> in the QuickBooks Online settings.

Learn more here: brainly.com/question/20376246

6 0
2 years ago
Mannarelli Corporation uses the FIFO method in its process costing system. Operating data for the Casting Department for the mon
Serjik [45]

Answer:

$ 5.34

Explanation:

Calculation for cost per equivalent unit for conversion costs for September

First step is to find the Equivalent units of production

To complete beginning work-in-process:

Conversion 12,000

[15,000 units × (100%-20% )]

Units started and completed 65,000

(89,000-24,000)

Ending work-in-process

Conversion 21,600

(24,000 units × 90%)

Equivalent units of production 98,600

Second step is to calculate the Cost per equivalent unit using this formula

Cost per equivalent unit =Cost added during the period ÷Equivalent units of production

Let plug in the formula

Cost per equivalent unit = $526,524÷98,600

Cost per equivalent unit = $5.34

Therefore The cost per equivalent unit for conversion costs for September is closest to $ 5.34

7 0
3 years ago
Which of the following is an example of a price?
RUDIKE [14]
The answer is liquidity (A)
4 0
3 years ago
___________ is a field that promotes a business or a service, helping to build that brand and bring new customers
Alex_Xolod [135]

Answer:

Branding.

Explanation:

Branding is a field that promotes a business or a service. Branding helps business to give voice to their business. It is through branding that customers recognizes your business.

It is branding that sets your company apart from your competitors. Through branding, the business is able to reflect its values, qualities, strengths, and characteristic.

Therefore, the correct answer is branding.

5 0
3 years ago
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