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Natali [406]
3 years ago
9

Countries A,B, and C with respective total populations 50 million, 18 million, and 15 million also have annual GDP as:

Business
1 answer:
gogolik [260]3 years ago
5 0

Answer: D. A = $8560 ,B= $11111 and C= 466$

Explanation:

Country A

Annual GDP = $428 billion

Population = 50 million

Annual GDP per person = $428 billion / 50 million = $8560

Country B

Annual GDP = $20 billion

Population = 18 million

Annual GDP per person = $20 billion / 18 million = $1111

Country C

Annual GDP = $7 billion

Population = 15 million

Annual GDP per person = $7 billion / 15 million = $466.

The correct option is D.

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Please help need this done for class tomorrow!
Ivanshal [37]

Answer:

0.31

Explanation:

Income elasticity of demand measures the responsiveness of quantity demanded to changes in income

Income elasticity of demand = percentage change in quantity demanded / percentage change in income

Percentage change in income = \frac{1000-300}{300} = 2.3

when income was $300, ramen was demanded twice, that is 2/7 times a week. converting to fraction gives 0.29

Percentage change in quantity = \frac{0.5 - 0.29}{0.29} = 0.72

0.72/2.3 = 0.31

7 0
3 years ago
You go to a flea market and buy a used color TV set for $100. One day you receive a notice that the owner of the TV, which had b
enyata [817]

Answer:

In a situation when

You go to a flea market and buy a used color TV set for $100. One day you receive a notice that the owner of the TV, which had been stolen from her house and sold by the thief at the flea market, wants the set back. She says if you do not return the TV she will sue you for:

a. conversion, and probably win even though you did not know the set was stolen

Explanation:

Seeing for Conversion is when a person claims that you stole property from him or her. It is the equivalent of theft charges. Prosecutors are the ones that have to bring justice to these kinds of situations, and they can be carried out in small local courts or by the retirement of an attorney to follow the case. Nevertheless, if the person is found innocent, the accused can sue for damages.

8 0
3 years ago
A company uses the weighted-average method for inventory costing. At the end of the period, 22,000 units were in the ending Work
ExtremeBDS [4]

Answer:

a.The ending work in process inventory is $ 146,575

Explanation:

To determine the ending work in process inventory, we need to do the following computations:

No of units in ending inventory                                    22,000 units

Material cost in ending inventory

22,000 units * 100 % (completion) * $ 2.65                     $ 58,300  

Conversion costs in ending inventory  

22,000 units * 75 % (completion) * $ 5.35                      <u> $ 88,275</u>

Total value of Ending work in process inventory        <u> $ 146,575</u>

7 0
3 years ago
Inthe 1920's, the value of the German mark fell dramatically. in June 1922, a U.S. dollar could buy 320 marks; by December of th
muminat

Answer:

The answer is C: Hyperinflation

Explanation:

Hyperinflation is high and accelerating form of inflation. It results in quick decline of the local currency`s real value. It also leads to increased prices of all goods and consumables

From the data,

In June 1922, 1 german Mark was equal to 0.003125 USD (1/320)

Whereas in December, 1922, the same german Mark was equal to 0.000125 USD. (1/8000)

5 0
3 years ago
The best way to correct any new problems that arise because of a solution is to ________.
Ivenika [448]
You have to do A. Address problem with counterplan I just took the unit test I know for sure
5 0
3 years ago
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