All categories

3 years ago

If the money supply is $60 billion, the velocity of money is 7, and real GDP is $336 billion, then the price level equals:

Business

1 answer:

attashe74 [19]3 years ago

5 0

Answer:

$1.25

Explanation:

According to the quantity theory of money

money supply x velocity = real gdp x price

7 x 60 = 336 x p

p -1.25

velocity measures how fast money changes hand in the economy

real GDP is gdp adjusted for inflation

You might be interested in

How many credits toward a college degree can a student get through the AICE program? 5 10 30 50

Rus_ich [418]

"30" is the answer you're looking for.

8 0

3 years ago

"What specific, direct benefits can a business get from acting in an environmentally responsible manner?"

Ksivusya [100]

Explanation:

It is correct to say that we live in a globalized world, where there is a lot of competition in the business market and where the flow of information occurs very quickly. Therefore, there is a greater demand from society for companies to be active promoters of practices that will lead to the development of society and the maintenance of scarce natural resources.

Companies that act in an environmentally responsible manner will obtain the benefits of certifying to their stakeholders that they are active agents of transformation and prevention of the environment, which can be accomplished through environmental certifications, environmental management systems, compliance with environmental legislation, etc. , which ensures that companies have a better positioning in the market, attracts more consumers and investors, in addition to improving production processes with environmental management systems, which promotes continuous improvement in the company, reducing costs and waste.

3 0

3 years ago

Alan krueger conducted a survey of fans at the 2001 super bowl who purchased tickets to the game for $325 or $400. krueger fou

Gekata [30.6K]

These results are evidence of "the endowment effect".

The endowment effect, in behavioral finance, portrays a situation in which an individual qualities something that they officially possess more than something that they don't yet claim. Studies have indicated over and again that individuals will esteem something that they effectively claim more to a comparable thing they don't possess. It doesn't make a difference if the thing being referred to was bought or gotten as a gift, the impact still stays.

5 0

3 years ago

Which of the following is an incorrect step in the process of partnership liquidation? Question 3 options: Paying any liabilitie

WITCHER [35]

The correct answer out of the choices is A I believe

8 0

3 years ago

Read 2 more answers

The trial balance for Lindor Corporation, a manufacturing company, for the year ended December 31, 2021, included the following

77julia77 [94]

Answer:

LINDOR CORPORATION

Statement of Comprehensive Income

For the Year Ended December 31, 2021

Particulars Amount

Sales revenue $2,700,000

Less: Cost of goods sold -$1,590,000

Gross margin $1,110,000

Less: Operating expenses:

Selling & administrative exp. -$431,000

Operating income (EBIT) $679,000

Other income (expenses)

Less: Interest expenses -$59,000

Income before income tax $620,000

Less: Income tax expenses -$155,000

Net income $465,000

Other comprehensive income (net of tax)

Gain on debt securities A $74,250

Comprehensive income B $539,250

Earnings per share A/B $0.24

Calculations of Gain on debt securities, net of tax:

Gain on debt securities before tax $99,000

Less: Tax ($99,000 * 25%) -$24,750

Gain on debt securities net of tax $74,250

*Calculation of Earnings per share:

Earnings per share = Net income / Number of common shares outstanding = $465,000 / 1,900,000

= $0.24 per share

3 0

3 years ago