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navik [9.2K]
3 years ago
5

A country has nominal GDP equal to $204.31 billion in 2018. The GDP deflator in 2018 has a value of 112.64. What was the value o

f real GDP, in billions of dollars. Round to two decimal places. If your answer is 3.2 billion then just enter 3.2.
Business
1 answer:
Ann [662]3 years ago
4 0

Answer:

$181.38 billion

Explanation:

The computation of the value of the real GDP is shown below:

As we know that

Real GDP = (Nominal GDP ÷ GDP Deflator) × 100

 = ($204.31 billion ÷ 112.64) × 100

= $181.38 billion

Hence, the value of real GDP is $181.38 billion

We simply applied the above formula so that the correct value could come

And, the same is to be considered

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Mr. Decker invested $20,000 in cash in his new business. How does the company record the investment?
Rudiy27

Answer:

The company records the investment by the entry:

(D) debit Cash and credit Owner's Equity

Explanation:

Mr. Decker invested $20,000 in cash in his new business. He is the Owner of the company.

In the case, the company that he invested received cash from Mr. Decker.

The company will record the increasing in cash and increasing in Owner's Equity account by the journal entry:

Debit Cash $20,000

Credit Owner's Equity $20,000

8 0
3 years ago
During the current year, Martinez Company disposed of two different assets. On January 1, prior to their disposal, the accounts
Greeley [361]

Solution:

S.NO.             Accounts title and Explanations           Debit          Credit

1                                          Cash                                 $25,000

               Accumulated Depreciation- Machine A    $63,960

                               Gain on Dispose:                                            $10,400

                                      Machine A                                                $78,560

Accumulated Depreciation - Machine B                   $16,500

Loss on Disposal                                                          $10,700

                                       Machine B                                                $27,200

Note: -When the net value of the commodity disposed of is smaller than the amount paid, there is a benefit. If the worth of the book is MOT, there is a cost.

3 0
3 years ago
John deposited $2,000, at the end of every month for 2 years in a savings account. if the account paid 6% interest, compounded m
lesya692 [45]
Using the table that is included in the question you will now the answer by looking at the table. The formula to calculate the future value of this account is Pn = P0(1 + r)^n, Pn is the future value of P0, P0 is the original amount invested, r is the rate of interest and n is the number of coumpoundinf periods such as months. The answer in this question is $50,863.92
4 0
3 years ago
Suppose you are a senator writing a bill to index Social Security and federal pensions. That is, your bill will adjust these ben
jolli1 [7]

Answer: The answer is consumer price index (CPI)

Explanation:

The consumer price index is the most popularly used price index to measure the level of inflation in the country.it is a measure of welfare which shows the amount of money needed by the people to provide for themselves a good standard of living. The consumer price index is based on the quantity of goods consumers are buying in the market, because it measures the level of changes in the consumer goods in the economy at a given period of time. It is used to measures the level at which family can afford to buy food, clothing, and live a comfortable life in the country. The consumer price index shows the percentage increase or decrease in the prices of consumer goods in the period in which it is measured. It is calculated as

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Therefore, to adjust the social security and federal pensions to offset changes in the cost of living the consumer price index is the most appropriate measure of welfare to used. In the sense that the cost of living is the amount of money an average family will need to provide themselves with the basic necessities of life such as food, clothing ,and shelter. The consumer price index is the most appropriate to know the effect of increase or decrease in the prices of these goods on the low income earners in the country such as the people who receives social security benefits and the pensioners in the country. During inflation the purchasing power of the people in these categories is reduced which tend to have an effect on their standard of living.

6 0
3 years ago
What are the quantitative and qualitative techniques available to help planning
RSB [31]

Answer:

Common quantitative methods include experiments, observations recorded as numbers, and surveys with closed-ended questions. ... Common qualitative methods include interviews with open-ended questions, observations described in words, and literature reviews that explore concepts and theories

Explanation:

6 0
2 years ago
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