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Helga [31]
2 years ago
8

Residents of poor countries tend to have fewer automobiles per capita because Group of answer choices lower per capita real gros

s domestic product (GDP) growth rates allow for less spending on automobiles. residents of poor countries generally prefer to walk. tax rates are higher in poor countries, which leaves less money to spend on cars. residents of poor countries tend to live on farms, where cars are unnecessary. residents of wealthy countries have automobiles provided to them by the government.
Business
1 answer:
Fantom [35]2 years ago
4 0

Answer:

lower per capita real gross domestic product (GDP) growth rates allow for less spending on automobiles.

Explanation:

Gross Domestic Products (GDP) is a measure of the total market value of all finished goods and services made within a country during a specific period.

Simply stated, GDP is a measure of the total income of all individuals in an economy and the total expenses incurred on the economy's output of goods and services in a particular country.

Generally, the Gross Domestic Products (GDP) of a country's economy gives an insight to the social well-being of the country, such as;

Adjusting the Real gross domestic product (Real GDP) for price level changes by using a price index. This simply means, Real GDP is adjusted for inflation to measure the value of goods and services produced by a country in a specific period of time.

Mathematically, {Real GDP}=\frac{\text{Nominal GDP}}{\text{GDP deflator}}

Hence, residents of poor countries tend to have fewer automobiles per capita because lower per capita real gross domestic product (GDP) growth rates allow for less spending on automobiles.

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geniusboy [140]

Answer:

You got this, never give up!

Explanation:

Believe in yourself. : )

7 0
3 years ago
Which of the following is true concerning federal budget deficits? I. The IRS spends more than it collects in taxes in a given y
ale4655 [162]

Answer:

II. The Federal Government spends more than it collects in taxes in a given year.

Explanation:

A federal budget deficit is when government spending exceeds income from taxes.

I hope my answer helps you

7 0
3 years ago
Firms are very small relative to the market. Firms have significant price control. Firms produce very similar products. There is
Anika [276]

Answer:

  1. Firms are very small relative to the market. PERFECT COMPETITION
  2. Firms have significant price control. NOT PERFECT COMPETITION - in perfect competition all firms are price takers.
  3. Firms produce very similar products. PERFECT COMPETITION
  4. There is a large number of firms. PERFECT COMPETITION
  5. There are significant barriers to entry and exit to the market. NOT PERFECT COMPETITION - in perfect competition there is free market entry and exit
  6. Firms have no price control. PERFECT COMPETITION
  7. Firms produce differentiated products. NOT PERFECT COMPETITION - in perfect competition firms produce homogeneous products.

7 0
3 years ago
Lorenzo is self employed with an s corporation. he is unmarried and had a net profit for the tax year. what are the tax ramifica
ziro4ka [17]
<span>Lorenzo would be required to pay all of his premiums regardless since he is self employed. Since he is self employed he should be able to deduct these premiums at the end of the year</span>
7 0
3 years ago
Money to pay current expenses for a municipal revenue bond would normally be placed in which of the following funds? (A) Conting
Zanzabum

Answer:

D) Sinking fund

Explanation:

A sinking fund is an account established to be used in the settling of debts. The corporate or institution that creates a sinking fund deposits money regularly as a way of saving it for future debt payments. A sinking fund, is in away a savings account that accumulates funds for repaying large and future debts.

Municipal authorities use sinking funds to pay their bond expenses when they mature. The municipal contributes funds in the years leading to the bond's maturity. Sinking funds gives confidence to investors that the municipal will not default on its payments.

8 0
2 years ago
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