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nataly862011 [7]
3 years ago
5

If real GDP per capita measured in 2009 dollars was​ $6,000 in 1950 and​ $48,000 in​ 2018, we would say that in​ 2018, the avera

ge American could buy​ ________ times as many goods and services as the average American in 1950.A. ​1/8 times.B. 8 times.C. 4 times.D. 12 times.
Business
1 answer:
babunello [35]3 years ago
4 0

Answer:

The correct answer is (B)

Explanation:

Gross domestic product is the economic value of goods and commodities produced within the country in a specific period. GDP per capita is calculated by dividing GDP by the total number of population.  In 1950 the GDP of American was 6000$, and in 2013 it was 48000$.

6000$ * 8 =48000$

An average American could buy 8 times more than the average American in 1950.

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How could addressing market failure lead to a more sustainable future?
Lunna [17]
Addressing marketing failure is a way of having to know the causes of this failure and to be able to determine the better ways of solving it and to prevent it from happening it again, by this, in the future, they will be able to produce a more sustainable and stronger one.
7 0
3 years ago
What American business had a monopoly on the fur trade in the Far West?
navik [9.2K]
C. John Jacob Astor.

The American business that had a monopoly on the fur trade in the far west was founded by John Jacob Astor.

The business was called American Fur Company. Since it was founded, the company grew to monopolize the fur trade in the United States by 1830. It became one of the largest and wealthiest businesses in the United States.
7 0
4 years ago
Swifty Corporation Produces a product that requires 2.9 pounds of materials per unit. The allowance for waste and spoilage per u
nexus9112 [7]

Answer:

b. 3.4 pounds

Explanation:

Swifty Corporation

Product requires 2.9 pounds of materials per unit

Add Allowance for waste per unit is 0.3 pounds

Add Spoilage per unit  0.2 pounds

Standard Quantity is = 2.9+ 0.3+ 0.2= 3.4 pounds

The standard quantity per unit for direct materials should reflect the amount for each unit of finished product as well as allowance for unavoidable waste, spoilage and other normal inefficiencies

7 0
3 years ago
If country A exports $10 billion worth of goods to country B and imports $8 billion worth of goods from country B, then country
Nostrana [21]

If country A exports $10 billion worth of goods to country B and imports $8 billion worth of goods from country B, then country A has a(n): $2 billion trade surplus with country B.

<h3>What is long run market in business?</h3>

When a country exports more than it imports, it is said that the country has a trade surplus. On the other hand, when a country imports more than it exports, it is said that the country has a trade deficit.

The term "long run" refers to a time frame during which all cost and production elements are movable. A business will eventually look for the production technology that will enable it to produce the necessary level of output for the least amount of money.

The long run is a theoretical concept in economics where all markets are in equilibrium, all prices have fully adjusted, and all quantities are in equilibrium. The short-run, where there are certain restrictions and markets are not completely in equilibrium, contrasts with the long-run.

To know more about long run market, refer:

brainly.com/question/14145469

#SPJ4

7 0
2 years ago
Dixie Bank offers a certificate of deposit with an option to select your own investment period. Jonathan has ​$7 comma 500 for h
kramer

Answer:

a. Two year investment period:

Future value = Amount * (1 + rate)^ number of years

= 7,500 * ( 1 + 5%)²

= $8,268.75

b. Five year investment period:

= 7,500 * (1 + 5%)⁵

= $9,572.11

c. Eight​-year investment​ period:

= 7,500 * ( 1 + 5%)⁸

= $11,080.92

3 0
3 years ago
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