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2 years ago

Is the general rise in prices throughout an economy.

Business

2 answers:

IRINA_888 [86]2 years ago

5 0

Answer:

Yes

Explanation:

Salsk061 [2.6K]2 years ago

4 0

Answer:yes

Explanation:

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Suppose the population of country ABC rises from 40 million to 44 million. If the country's Real GDP rises from $825 billion to

marshall27 [118]

Answer:

Option (C) is correct.

Explanation:

Given that,

Population rises from 40 million to 44 million

Country's Real GDP rises from $825 billion to $890 billion during this same period.

Therefore,

This country experiencing a absolute economic growth because of the rise in real GDP.

Initial per capita growth:

= Initial Real GDP ÷ Initial Population

= $825 ÷ 40 million

= $20.625

New per capita growth:

= Increased Real GDP ÷ New Population

= $890 ÷ 44 million

= $20.227

Above calculations clearly shows that there is a decline in the per capita growth.

Hence, there is an absolute economic growth but not per-capita real.

8 0

2 years ago

2) If a country, like the US, can produce all of the goods and services needed by

WITCHER [35]

Answer:

See below

Explanation:

Specialization means a company or country concentrating on producing few commodities. In practice, a state or company will focus on the products it can produce more efficiently. It means focusing on goods they can manufacture at a lower cost compared to other countries.

The USA can specialize in the goods and services it can produce at a lower cost than other nations. It can then export these products to other countries at competitive prices. For products that are costly to manufacture in the USA, it is prudent to import them from countries that can produce them at lower costs.

Some products manufactured in other countries at a lower cost may be sold in the USA at fair prices than when produced in the USA.

5 0

3 years ago

A national health care plan would also control the wildly escalating cost of prescription drugs. This would particularly benefit

Kamila [148]

Pathos. The author is trying to connect and persuade the audience through an emotional truth and reality.

8 0

3 years ago

At the beginning of 2013, Barcroft Co. estimated that its total annual fixed overhead costs would amount to $25,000. Further, Ba

Varvara68 [4.7K]

Answer:

b. Products were overcosted in 2013

Explanation:

When determining the cost of a product, we consider only the Overheads Applied.

Applied Overheads are calculated as :

Pre-determined Overhead Rate multiplied by Actual Activity

Predetermined Overhead Rate is calculated as follows :

Budgeted Overheads divided by Budgeted Activity

Predetermined Overhead Rate = $25,000/2,000 units

= $ 12.50 per unit

Applied Overheads = $ 12.50 per unit × 2,200 units

= $ 27,500

The Overheads Applied are then Compared to Actual Overhead Cost to determine is the Overheads where Over or Under Applied

Therefore our case presents the following:

Applied Overheads ($ 27,500) >Actual Overheads ($25,000)

Therefore, we have an Over-Application situation.

Over-Applied Overheads are $2,500

3 0

3 years ago

The largest expenditure component of gdp is:

kenny6666 [7]

Goverment spending is the ansewer i belive

5 0

3 years ago