The number of units of developing country currency required to purchase a basket of goods and services in a developing country that costs one dollar in the US is given by Purchasing power parity. Thus the correct option is C.
<h3>What is Service?</h3>
Services are referred to as a type of goods that is offered to someone in terms of facilities like the one received in a restaurant or shopping mall. It is a type of commodity or product that is intangible in nature, one can only feel it.
When a country's money is convertible into another country's currency, the number of products and services that can be purchased in each country at the same price is equal. This is known as purchasing power parity.
So, Purchasing power parity determines how many units of an emerging country's currency are necessary to purchase a basket of products and services in that country that cost one dollar in the United States.
Therefore, option C is appropriate.
Learn more about Purchasing power parity, here:
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The complete question is
he number of units of developing country currency required to purchase a basket of goods and services in a developing country that costs one dollar in the U.S. is given by?
a. GNI price deflator.
b. Human Development Index ranking.
c. Purchasing power parity.
d. The exchange rate.
Based on the information provided:
Gross income is $486,000
Fixed expenses: $300,000
Variable expenses: $150,000
To find the percentage of gross profit first figure out the difference between the gross income and expenses which is: $486,000 - $300,000 - $150,000 = $36,000 then divide the gross income by the profit 486,000/36,000 and the answer is 13.5%.
Answer:
b. The Mbuti, Aborigines, Inuits
Explanation:
A traditional economy is an economic model of little complexity, characterized basically by subsistence production. In this model, there are no firms, people produce little and exchange their surplus for the sole purpose of meeting their basic basic needs. There was no profit. The traditional economy can be considered the first known economic system, but to this day it can be observed in underdeveloped rural communities. The traditional economy was the initial model that gave support to the development of more complex models, such as the market economy that we live in today, a complex system in which there are companies and the production of goods and services in bulk for commercialization and profit.
Answer:
$150 million
Explanation:
The reserve requirement is the amount of money required by the Fed for banks to keep as reserves.
If the reserve ratio is 25%, when the Fed buys securities of 200 million, the reserve would be 0.25 x 200 =$50 million
The amount that would be available for lending would be ($200 - $50) million = $150 million
Money supply would increase by a maximum of $150 million
I hope my answer helps you.
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