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Anna11 [10]
2 years ago
8

If velocity is constant and, in addition, the factors of production and the production function determine real GDP, then: Group

of answer choices nominal GDP is fixed. the price level is proportional to the money supply. real GDP is proportional to the money supply. the price level is fixed.
Business
1 answer:
irina [24]2 years ago
6 0

Answer:

the price level is proportional to the money supply.

Explanation:

Factors of production can be defined as the fundamental building blocks used by individuals or business firms for the manufacturing of finished goods and services in order to meet the unending needs and requirements of their customers.

The four factors of production are;

I. Land: this refers to the natural resources and raw materials extracted from the ground or grown in the soil e.g oil, gold, rubber, cocoa, etc.

II. Labor (working): this is the human capital or workers who are saddled with the responsibility of overseeing and managing all the aspects of production.

III. Capital resources: it includes the physical assets used for production of goods and services such as equipment, money, plant, etc.

IV. Entrepreneurship: it is intellectual capacity required to drive a business and the skills to develop an idea into a money making venture (business).

These four (4) factors of production when combined effectively and efficiently are used for the manufacturing or production of goods and services that meets the unending requirements or needs of the consumers.

In Economics, if velocity is constant and, in addition, the factors of production and the production function determine real gross domestic product (GDP), then the price level for goods and services is said to be directly proportional to the money supply in the economy.

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YOU are working with a Professional Edition organization. They wish to install the Expense Tracker which requires the use of 4 c
Elden [556K]

Answer:

A. They will not be able to complete the installation process as they have reached the maximum number of custom tabs 

Explanation:

An expense tracker is a program or application that helps keep an accurate record of the inflow and outflow of your money. Many people are working on a fixed income, and find that they don't have enough money to meet their needs towards the end of the month. So expense tracker helps to keep records of expenses.

A required number of custom tabs are required in creating the expense tracker and the company have passed reached the maximum, this would cause a fail in the installation of the expense tracker.

7 0
3 years ago
Which rule requires that contracts that would normally fall under the statute of frauds and need writing if negotiated by the pr
Bezzdna [24]

Answer: The rule that requires that a contract should be written is Equal dignity rule

Explanation:

Equal-dignities rule is a rule in which an agent act according to the authority give ln by the principal. These action are only taken by the agent through following the written authorization.

It is crucial on cases of fraud hence in this rule a contract is considered on in a written form otherwise it may be rejected .

5 0
3 years ago
What do i put for salary desired on a job application? should i just ask for minimum wage? go a little higher? shoot really high
malfutka [58]
Typically want to go for minimum wage, maybe if you want you could ask for slightly higher but not too high. Asking too high can result in being turned down or a low ball offer for you, but in your situation go for minimum wage.
3 0
3 years ago
Lee saves most of his money from his paycheck; he forgoes restaurant meals, new clothes, and a new car, and he lives in a small
jekas [21]

Answer: Option A    

           

Explanation: In simple words, intertemporal decision making refers to the study of how the decision made by an individual today affects the choices that he or she have in the future. It is based on the assumption that less consumption today will bring significant increase in consumption tomorrow.

In the given case, despite of having enough income to lead a healthy lifestyle  in present,Lee decided to save his money in the future. This will lead to choices fro him that will give him higher utility.

Hence from the above we can conclude that the correct option is A.

8 0
3 years ago
Stanley's Bicycles store buys bicycles on average for $600 and sells them on average for $750. He pays a sales commission of 15%
Rudik [331]

Answer:

Stanley's Bicycles contribution margin is $7,500

Explanation:

<u>Stanley's Bicycles Contribution Margin Income Statement for the month of June</u>

Sales ($750 x 200)                                                       $150,000

Less Variable Costs :

Costs of Sales ($600 x 200)                  $120,000

Commissions ( $150,000 x 15 %)            $22,500    ($142,500)

Contribution                                                                     $7,500

Less Fixed Costs

Rent                                                             $1,400

Salaries                                                       $3,000       ($4,400)

Net Income                                                                       $3,100

Conclusion

Contribution Margin is Sales less Variable Costs. Therefore, Stanley's Bicycles contribution margin is $7,500

3 0
3 years ago
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