1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
yanalaym [24]
3 years ago
13

The GDP price index in the United States in 2016 was about 106 ​, and real GDP in 2016 was ​$17.7 trillion​ (2012 dollars). The

GDP price index in the United States in 2018 was about 110 ​, and real GDP in 2018 was ​$18.6 trillion​ (2012 dollars). Calculate nominal GDP in 2016 and in 2018 and the percentage increase in nominal GDP between 2016 and 2018 .
Business
1 answer:
Goshia [24]3 years ago
8 0

Answer:

9.05%

Explanation:

in nominal dollars, the 2016 GDP was $17.7 trillion x 1.06 = $18.762 trillion

in nominal dollars, the 2018 GDP was $18.6 trillion x 1.1 = $20.46 trillion

the percentage increased in nominal GDP between 2016 and 2018 was ($20.46 trillion - $18.762 trillion) / $18.762 trillion = 0.0905 ≈ 9.05%

You might be interested in
Which of the following is an advantage of being an entrepreneur in the consumer service industry?
andrew11 [14]

C is the answer for this question....

7 0
3 years ago
Read 2 more answers
Which statement would be MOST important to include in a summary of the section "Karl Marx"? Marx theorized that capitalists woul
TEA [102]

The most important claim about Karl Marx would be the theorizing that capitalists would try to get more work from people for less pay.

<h3 /><h3>Who was Karl Marx?</h3>

He was a German philosopher who developed the foundations of communism, a system that criticized capitalism and its doctrines. His most prominent theories are about the transition to communism, the class struggle, the Marxist theory of ideology and surplus value.

Therefore, the correct option for the question refers to surplus value, which was defined for Karl Marx as the difference between the value of the work produced by employees and their salary paid. For him, the surplus value is the work produced and not paid, being a condition of exploration of the capitalist system.

Find out more about Karl Marx here:

brainly.com/question/1092276

#SPJ1

5 0
1 year ago
*The best answer will receive brainliest, I will friend you, and I will like all of the questions you've asked or answered.
Anastasy [175]

Answer:

The challenges my business would face would be that we would have trouble communicating and producing products. We use the internet so much every day and it is essential in emailing and other methods of communication. We have to communicate with customers, contractors and installers among many others. We also need the internet for sending orders and order designs to the machines that do the cut-outs needed for the products. Production time would slow down dramatically if we were to try to cut out the products on our own or if we were to have to input the designs manually. Communication between different areas would take much more time because we would have to make landline phone calls to them instead of sending out emails. Our drawing staff, the people who create the designs would also have difficulties working. This is because we draw using an online webspace so that it can be easily looked over then transferred to the machines. Drawers would have to create by hand and then walk the design over to the other areas to be produced. Those are some challenged that our company would face if we had to work without power for an entire day.

Explanation:

7 0
3 years ago
As part of the initial investment, Jackson contributes accounts receivable that had a balance of $32,290 in the accounts of a so
yuradex [85]

Answer: $30,923

Explanation:

From the question, we are told that as part of an initial investment, Jackson contributes accounts receivable that had a balance of $32,290 in the accounts of a sole proprietorship. Out of the amount, $1,367 is deemed completely worthless and for the remaining accounts, the partnership will establish a provision for possible future uncollectible accounts of $848.

The amount debited to accounts Receivable for the new partnership will be the difference between the account receivable balance and the amount that was deemed worthless. This will be:

= $32,290 - $1,367

= $30,923

Therefore, the amount debited to Accounts Receivable for the new partnership will be $30,923

3 0
3 years ago
What are the impact of SMEDAN on entrepreneurship
daser333 [38]
You can easily apply for loans and support funds both within and outside the country. It also grants you access to funding from the government and private sector.
6 0
2 years ago
Other questions:
  • Helen pays a 10% commission on the cost of the stock she bought at $17.57 per share. she purchased 150 shares. how much will hel
    8·1 answer
  • Which of the following statements about renting &amp; owning is CORRECT?
    13·2 answers
  • What are the major functions of the entrepreneur?
    11·1 answer
  • In a discount interest loan, you pay the interest payment up front. For example, if a 1-year loan is stated as $20,000 and the i
    5·1 answer
  • On September 30, 2021, Athens Software began developing a software program to shield personal computers from malware and spyware
    11·1 answer
  • Which of the following taxes are paid by the employee and the employer?a. FUTAb. SUTAc. FICAd. Federal withholding taxes
    8·1 answer
  • Many health care organizations are drowning in data. yet health care workers cannot get reliable insights from this data. inform
    7·2 answers
  • Keynes believed that wages and prices were sticky. Therefore, a rightward shift of the aggregate demand curve would cause a(n)
    7·1 answer
  • Which economic system leaves production decisions completely up to the producers? 1. mixed economy 2. command economy 3. planned
    11·1 answer
  • Regarding resource typing, which of the following characteristics are typically use to categorize resources?A. LocationB. ColorC
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!