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Ainat [17]
2 years ago
6

Country A has a GDP of $4,600 in Country A dollars, and Country B has a GDP of $2,400 in Country B dollars. If the exchange rate

is 1.5 Country B dollars to 1 Country A dollar, what is Country B's GDP in Country A dollars
Business
1 answer:
sergejj [24]2 years ago
3 0

Answer: Country A $1,600

Explanation:

Country A's currency is stronger than Country B's which is why Country B needs more of its currency to buy a single unit of Currency A.

You can use direct proportion to find out Country B's GDP in Country A dollars

Country B currency to Country A

1.5       :   1

2,400 :   x

1.5x = 2,400

x = 2,400 / 1.5

= Country A $1,600

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The Borio Company had an asset with an $8 book value and a $7 market value; it decided to distribute the asset as a property div
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Answer:

The net income will decrease and also the total assets will also decrease

Explanation:

Here, we want to know the combined effect on net income and total assets of company that made a decision of distributing assets as a property dividend.

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Apple Inc. is the number one online music retailer through its iTunes music store. Apple sells iTunes gift cards in $15, $25, an
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Answer:

cash             20,000,000 debit

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Explanation:

Record the advance collection of $20 million for iTunes gift card.

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A land title search office has a staff of three, each working eight hours per day (for a total payroll cost of $480/day) and ove
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4 0
3 years ago
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Consider an economy made up of 100 people, 60 of whom hold jobs, 10 of whom are looking for work, and 15 of whom are retired. Th
zalisa [80]

Answer:

The number of unemployed persons is 15​ if we assume the person who are looking for work are NOT “unemployed”

The number of unemployed persons is 25​ if we understand “looking for work” is “unemployed currently”

Explanation:

If we assume the person who are looking for work are NOT “unemployed” then:  

Total 100 people  = 60 of whom hold jobs + and 15 of whom are retired + 10 of whom are looking for work  + unemployed persons  

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However, it’s better to understand “looking for work” is “unemployed currently”, then  

Total 100 people  = 60 of whom hold jobs + and 15 of whom are retired + unemployed persons (including whom looking for work)

⇒ unemployed persons = 100 – 60  - 15 = 25

8 0
3 years ago
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