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3 years ago

Economists use numbers such as those in the table as a measure of

Business

1 answer:

iren [92.7K]3 years ago

4 0

Answer:

a. standard of living.

Explanation:

Per capita Gross Domestic Product (GDP) represents an economic scale that quantifies the economic output of a country in relation to the total population of that country.

Mathematically, per capita GDP is derived by dividing the total GDP of a country by the population of that country. It gives an indication of how productive each individual of a country is and hence, a good measure of their standards of living.

The correct option is therefore, a.

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Suppose that in 2018, the national income in the United States was $200 billion, depreciation was $15 billion, personal taxes we

matrenka [14]

Answer:

Option (B) is correct.

Explanation:

Given that,

National income = $200 billion

Depreciation = $15 billion

Personal taxes = $20 billion

Transfer payments = $10 billion

Gross domestic product in 2018:

= National income + Depreciation

= $200 billion + $15 billion

= $215 billion

Therefore, the Gross domestic product of United States in 2018 is $215 billion.

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3 years ago

Sonic Inc. manufactures two models of speakers, Rumble and Thunder. Based on the following production and sales data for June, p

photoshop1234 [79]

Answer:

SONIC INC.

SALES BUDGET

FOR THE MONTH ENDING JUNE 30

Product and Area Unit sales volume Unit selling Price Total sales

Rumble

Midwest Region 12,000 $160 $1,920,000

South Region 14,000 $160 $2,240,000

Total 26,000 $4,160,000

Thunder

Midwest Region 3,500 $200 $700,000

South Region 4,000 $200 $800,000

Total 7,500 $1,500,000

Total Revenue from sales = $4,160,000 + 1,500,000 = 5,660,000

2. SONIC INC.

PRODUCTION BUDGET

FOR THE MONTH ENDING JUNE 30

UNITS RUMBLE UNITS THUNDER

Expected unit to be sold 26,000 7,500

Add: Desired Inventory June 30 500 250

Total 26,500 7,750

Less: Estimated Inventory June 1 750 300

Total units to be produced 25,750 7,450

7 0

3 years ago

Suppose a 95% confidence interval was made to estimate the monthly cost of internet service instead of a 90% confidence interval

Alex

The 95% confidence interval will be wider than the 90% confidence interval.

In statistics, the likelihood that a population parameter will fall between a set of values for a certain percentage of the time is referred to as a confidence interval. Analysts frequently employ confidence ranges that include 95% or 99% of anticipated observations. Therefore, it may be concluded that there is a 95% likelihood that the real value falls within that range if a point estimate of 10.00 with a 95% confidence interval of 9.50 - 10.50 is derived using a statistical model.

The level of certainty or uncertainty in a sampling process is measured by confidence intervals.

Additionally, they are employed in regression analysis and hypothesis testing.

To determine statistical significance, statisticians frequently combine confidence intervals with p-values.

95% or 99% confidence levels are most frequently used in their construction.

Learn more about Confidence interval, here

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1 year ago

Gabriela took out a five-year fixed-rate loan from a bank so that she could purchase a car. Over the life of the loan, the infla

Marianna [84]

Answer: The answer is: "Inflation benefited Gabriela because she repaid the loan with money that was worth less than expected." I took the test. I hope this helps!

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4 years ago

Read 2 more answers

Approximately how many public use airports in the united states have been sold outright to private ownership?

Leviafan [203]

Approximately 0 public use airports in the United States have been sold outright to private ownership.

The U.K. was the first country to fully privatize some of its major airports. Under the Airports Act 1986, the public British Airports Authority ( BAA ) was dissolved and its property, rights, and liabilities were transferred to a new company, BAA plc.

All but one U.S. commercial airport are owned and operated by public entities, including local, regional, or state authorities with the power to issue bonds to finance some of their capital needs. Airports are landlords.

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2 years ago