Answer:
Given that
India GDP = 119 trillion rupes
USA GDP = $16.5 trillion
61 rupes = 1 dollar
Therefore
India GDP = 119/61 = $1.95 trillion.
a. Ratio of India GDP to US GDP
= 1.95 : 16.5
That is (1.95 ÷ 16.5) × 100
= 11.818%
Thus,
India GDP is approximately 11.82% of USA GDP.
b. Given that price level = 0.280
Thus,
Real GDP ratio
= 0.11818 ÷ 0.280
= 0.422
Therefore, in terms of purchasing power, India GDP = 42.2% of USA GDP.
c. The reason why they are different is because the second ratio accounts for the facts that goods and services costs less in India than in USA.
Total rev = 3000x400 = 1.2 million - (3000 x 280) 840,000 - 160,000 = 200,000 in net income.
Answer:
Results are below.
Explanation:
Giving the following information:
Purchases= $32,000
Beginning inventory= $7,800
Ending inventory= $4,400
<u>To calculate the direct material used, we need to use the following formula:</u>
Direct material used= beginning inventory + purchases - ending inventory
Direct material used= 7,800 + 32,000 - 4,400
Direct material used= $35,400
Answer:
Public sector provides many services such as; education, health and social care.
Answer:
0.09 or 9%
Explanation:
This question has some irregularities. The correct question should be :
Elinore is asked to invest $4,900 in a friend's business with the promise that the friend will repay $5,390 in one year's time. Elinore finds her best alternative to this investment, with similar risk, is one that will pay her $ 5,341 in one year's time. U.S. securities of similar term offer a rate of return of 7%. What is the opportunity cost of capital in this case?
Solution
Given from the question
Investment (I) = $4,900
Return on investment (ROI) in one year = $5,341
Rate or opportunity cost of capital r is given by
ROI = I × (1 + r)
input the given data
$5,341 = $4,900 (1 + r)
$5,341 = $4,900 + $4,900r
$5,341 - $4,900 = $4,900r
r = ($5,341 - $4,900) / $4,900
r = 0.09
Or 9% in percentage
