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Ludmilka [50]
2 years ago
15

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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Read the following scenario and select the appropriate shifter of demand (what is going to shift the curve) It becomes known tha
Natalija [7]

In this case, the shifter of demand is future expectations. Since consumer now know that in the future the game will be cheaper, they shift their demand for the product into the future.

5 0
3 years ago
True or false? the patient should be given a receipt for payments on account even if the account is not paid in full.
Kruka [31]

The statement is True.

<h3>What does receipt mean?</h3>

  • Receipts are formal records that serve as evidence of a transaction or purchase involving money. Both stock market transactions and business-to-business exchanges issue receipts. As evidence of some expenses, receipts are also required for tax purposes.
  • A payment receipt, also known as a receipt for payment, is a record that serves as evidence of purchase. It is supplied by a company to its clients following the receipt of payment for any good or service.
  • The patient's receipt can assist you to understand this. You have a right to the patient's receipt under the law. This implies that if you request it, your doctor is required to give it to you. Its contents must be clearly explained and understandable to laypeople.

The patient should be given a receipt for payments on account even if the account is not paid in full.

The statement is True.

To learn more about the receipt, refer to:

https://brainly.in/question/39020164

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8 0
1 year ago
On January 1, 2018, Frost Corp. changed its inventory method to FIFO from LIFO, for both financial and income tax reporting purp
fiasKO [112]

Answer:

a. retained earnings statement, as a $630,000 addition to the beginning balance

Explanation:

Data provided in the question

Change in increase in inventory = $900,000

Income tax rate = 30%

By considering the above information, the cumulative effect is

= Change in increase in inventory - Change in increase in inventory × income tax rate

= $900,000 - $900,000 × 30%

= $900,000 - $270,000

= $630,000

This $630,000 is a addition to the beginning balance

4 0
3 years ago
What is the basic difference between liability insurance and collision insurance?
Alla [95]
Liability insurance covers damage to the insured vehicle that occurs as a result of anything other than collision. This can be as a result of Mother Nature, fire or vandalism. Most insurance policies include hitting a deer<span> under the comprehensive insurance rather than collision. This can cause confusion.</span><span>


Collision insurance covers damage that occurs as a result of a collision with another vehicle or object. This coverage applies regardless of who is at fault in the accident. Collision coverage will handle damage from hitting a post, tree, curb or other various objects.


</span>
5 0
2 years ago
Suppose social security contributions rise by​ $1 billion while social security benefits also rise by​ $1 billion.​ Further, per
Nadya [2.5K]

Answer:

The answer will be A

Explanation:

As the social security contributions and benefits remain the same in proportion, personal and national income will remain the same.

As disposable income is defined as personal income-personal taxes, and the personal income taxes fall by 500 million (included in the contibutions), this would mean that the disposable income increases.

8 0
3 years ago
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