Answer:
Grew by 2%
Explanation:
Given: nominal GDP =12% positive value cause it grew by 12% during these years.
Population grew by 4%
GDP deflator = 6% positive value cause it also grew by 6%
Question says we must find real GDP per person for the 4 year term that the president has served for so we will use the formula to calculate GDP Deflator to actually solve for Real GDP as we know the formula is GDP Deflator= (nominal GDP per person%)/(Real GDP per person%)x100
So we already have the nominal GDP and the GDP deflator therefore we substitute to the above formula:
6% = (12%)/ (Real GDP per person percentage) x100, and now we solve for Real GDP per person%
Therefore we multiply both sides with Real GDP percentage and get:
Real GDP per person %( 6%) = 12% and then we divide both sides with 6%,
Therefore Real GDP is 2% so we also see that real GDP has actual grown by 2% because the GDP deflator grew instead of decreasing where nominal GDP is also positive so if we have a fraction where an answer is positive we know both fraction values must be positive pus if the GDP deflator increases both nominal and Real GDP increase and that’s the relationship they have.
Answer:
C. Look for cars of bicycles on the traffic side of your vehicle.
Explanation:
Safety is always first, for you, and the people around you. To minimize risk of injury, you must check for oncoming cars or bikers.
Answer:
JANUARY FEBRUARY
TOTAL SALES $410,000 $430,500
Explanation:
for January
number of luggage set sold 2000
price for each set = $205
sales for month January = 205*2000 = $410,000
for February
number of luggage set sold 2100
price for each set = $205
sales for month February = 205*2100 = $430,500
JANUARY FEBRUARY
TOTAL SALES $410,000 $430,500
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Answer:
The correct answer is option (C) $ 1,750
Explanation:
Given data:
Amount received from corporate bond = $ 2,200
Amount received from a savings account = $ 600
Thus, the total income = $ 2,200 + $ 600
or
The total income = $ 2800
Now,
the standard deduction for the person claimed as dependent's on another's tax return = $ 1,050
Hence, the total taxable income = Total income - standard deduction
or
the total taxable income = $ 2,800 - $ 1,050 = $ 1,750
Hence, the correct answer is option (C) $ 1,750
