The growth rate of Nominal GDP from 2007 to 2008 is 100%.
Nominal GDP is the gross domestic product of a country that is calculated using current year prices. It included real GDP and inflation.
Growth rate in GDP = (nominal GDP in 2008 / nominal GDP in 2007) - 1
Nominal GDP in 2007 = (60 x 100) + (15 x 20)
= $6000 + $300
= $6,300
Nominal GDP in 2008 = (60 x 200) + (12 x 50)
$12,000 + 600
= $12,600
Growth rate = ($12,600 / 6,300) - 1 = 100%
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Answer:
The correct answer is (B) Price.
Explanation:
The price is a marketing variable that comes to synthesize, in a large number of cases, the commercial policy of the company. On the one hand, we have the needs of the market, set in a product, with certain attributes; on the other, we have the production process, with the consequent costs and profitability objectives set. That is why the company must be in charge, in principle, of setting the price it deems most appropriate.
For the potential customer, the value of the product is expressed in objective and subjective terms, since it has a very particular scale when computing the different attributes of which it is composed, hence the denomination of expensive or cheap it gives them. However, for the company the price is a very important element in its marketing mix strategy, along with the product, distribution and promotion.
A leverage by is one where there is.
The type of loan that this is known to represent is what is referred to as the wraparound mortgage loan.
<h3>What is the wraparound mortgage loan?</h3>
This is the type of mortgage that has to do with the fact that the borrower is financing another loan when they have not been able to finance the original mortgage itself.
This type of loan is beneficial to a person given that they would be able to get a system of loan that may not have been possible before.
Hence we have to conclude that Jays financing a property when he has an existing mortgage is what is called the wraparound mortgage loan.
Read more on the wraparound mortgage loan here:
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