Answer:
B
Explanation:
hope i helped if im wrong sorry;-;
They don't have to pay as much interest.
Answer: $2,650 per person
Explanation:
Real GDP refers to the measure of the GDP of a country that has been adjusted due to inflation. Based on the information given in the question, the real GDP per capita in Year 2 will be:
Real GDP per capita will be:
= real gdp / population
=265 billion / 100 million
= 2650
Therefore, the real GDP per capita in Year 2 is $2,650 per person.
Answer:
b.Experience-rating plan
Explanation:
Experience rating is a method of evaluating used by insurance providers to adjust premiums up or down. The rating reflects your previous loss experience. It is based on the presumption that your historical loss experience predicts your future loss experience. In other words, your future losses are likely to be similar to those you incurred in the past. The Experience Rating Plan is mandatory for all eligible insureds. Any action taken in any form to evade the application of an experience modification determined in accordance with this Plan is prohibited. The object of the Experience Rating Plan is to recognize the differences between individual insureds through the use of the individual insured's own loss experience. The experience rating process serves as a means of using a history of past losses to predict the future losses of an insured.
This is done by comparing the experience of an individual insured to the average insured in the same classification. Therefore, using the insured's past experience, the experience modification is determined by comparing the actual losses to expected losses. An insured with better than average experience will produce a credit experience modification factor, while an insured with worse than average experience will produce a debit experience modification factor. A credit experience modification factor, less than 1.00, results in a premium reduction. A debit experience modification factor, greater than 1.00, results in a premium increase. An experience modification factor of 1.00, or unity, does not change premium.
The five economic activities are:
producing, exchanging, consuming, saving, and investing.
100% Correct on Gradpoint :)
