Answer: 0
Explanation:
Firstly, we will calculate the nominal value in 2015 which will be:
= $500 x 1 million
= $500 million
The nominal value in 2016 will be:
= $1000 x 1 million
= $1 billion
Real GDP will be the price of the base year multiplied by the quantity of the current year which will be:
= $500 million x 1 million sets
= $500 million
Therefore, the increase in real GDP is zero.
Answer:
The alternative including its query is presented throughout the explanation section below.
Explanation:
(a)
The strategic petroleum insufficiency should also be,
=
=
This means that the financial institution would have to start reducing its loan payments as well as currency exchange by $90.
(b)
Yes, you can significantly raise your loan deposit accounts secure manner. Early years setting throughout Serenity Bank would be increased, therefore the proportion of total reserves would indeed be $90.
The margin requirement of spending in the market hasn't started to change since the percent impact would be similar. Robin's account was whittled down by $100, as well as Adam's payment was continued to increase whilst also $100. So there's no modification throughout the monetary policy.
Answer: $125,000
Explanation:
If the above transaction in the question has commercial substance, the recorded value of the new truck will be the trade in allowance of $12,000 on the old truck in addition to the $113,000 that was paid to get the new truck.
Mathematically expressed, this will be:
= $113,000 + $12,000
= $125,000
Answer:
A
Explanation:
The demand for unskilled labor is more inelastic than the demand for skilled labor.
Answer: The correct answer is <u>"C. value of the marginal product of labor is equal to the wage."</u>
Explanation:
Assuming that a company operates in a market of perfect competition and that maximizes profits, this company will hire workers to the point where the value of the marginal product of labor is equal to the wage, <u>because it is the point at which the costs of having an additional worker do not exceed the benefits of his incorporation.</u>