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2 years ago

Suppose nominal GDP is $2,000 a year and the quantity of money is $400. Then the velocity of circulation equals

Business

1 answer:

ahrayia [7]2 years ago

3 0

Answer: 5

Explanation:

The velocity of circulation is the average number of times that each dollar can be used for the purchase of goods and services in a year.

From the information given in the question, the velocity of circulation will be:

= Nominal GDP / Quantity of money

= $2000 / $400

= 5

Therefore, the velocity of circulation is 5.

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During January, LexPro Co., which maintains a perpetual inventory system, recorded the following information pertaining to its i

diamong [38]

Answer:

$3,225

Explanation:

The computation of the amount reported as an ending inventory is shown below:

Date Particulars Units Cost Amount

1 -1 Op Balance 1,000 $1 $1,000

1 -7 Purchases 600 $3 $1,800

Total 1,600 $1.75 $2,800

($2,800 ÷ 1,600 units)

1 -20 COGS 900 $1.75 $1,575

Total 700 $1.75 $1,225

1 -25 Purchases 400 $5 $2,000

Ending inventory 1,100 $2.9318 $3,225

($3,225 ÷ 1,100 units)

We simply added the purchase units with the opening balance and deduct the cost of goods sold units from the opening balance so that the correct ending inventory amount could arrive

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3 years ago

Current disposable income held to buy consumption goods in the future is referred to as:______.

maxonik [38]

The current disposable income held to buy consumption goods in the future is referred to as saving.

Consumables are goods that are best suited for their end use. In other words, the end-user of consumer goods is the consumer themselves, and capital goods are the goods used to manufacture consumer goods.

Common examples include food, drink, clothing, shoes, and gasoline. Consumer services are usually intangible products or actions that are produced and consumed simultaneously.

Learn more about consumption goods here

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2 years ago

In light of persistent ____________, growing ____________ and the tendency by some firms and industries to seek legislative redr

Vinil7 [7]

Answer:

The answer is:

Trade deficit;

Foreign Direct Investment;

Restrict.

Explanation:

In light of persistent TRADE DEFICIT , growing FOREIGN DIRECT INVESTMENT and the tendency by some firms and industries to seek legislative redress for failures in the marketplace, the US Congress in the past two decades has increasingly been willing to provide the president with more powers to RESTRICT trade.

Trade deficit occurs when a country import more goods than what she is exporting. Trade deficit makes infant industries im the home country less competitive.

Foreign Direct Investment is the ownership of business in another country.

Restricting trade can makes home infant industries more competitive.

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3 years ago

The gross earnings of factory workers for Dinkel Company during the month of January are $400,000. The employer's payroll taxes

kari74 [83]

Answer:Please see answers in explanation column

Explanation:

a) Journal to record factory labor cost

Account titles and explanation Debit Credit

Factory Labor $480,000

Factory wages payable $400,000

Employer payroll taxes payable $80,000

Factory Labor=Factory wages payable+Employer payroll taxes payable

= $400,000 + $80,000 =$480,000

b) Journal to transfer factory labour to production

Account titles and explanation Debit Credit

Work in process inventory(480,000 x 75%) $360,000

Manufacturing Overhead(480,000 x 25%) $120,000

Factory Labor $480,000

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3 years ago

Gulmirah, a small underdeveloped country, has an adult population of 16.8 million, and the remaining 13.75 million of the popula

vfiekz [6]

<span>The GDP of Gulmirah is equal to approximately "</span>$19.70 billion".

All of these exercises add to the Gross domestic product of a nation. The Gross domestic product estimation additionally represents spending on exports and imports. In this way, a nation's Gross domestic product is a measure of consumer spending (C) in addition to business investment (I) and government spending (G) and additionally its net exports, which is exports-imports (X-M).

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2 years ago

Suppose nominal GDP is​ $2,000 a year and the quantity of money is​ $400. Then the velocity of circulation equals

Suppose nominal GDP is $2,000 a year and the quantity of money is $400. Then the velocity of circulation equals