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Nataly [62]
2 years ago
15

An economy enters an expansion and GDP increases from $34,000 to $40,000. What is the percent change in real GDP? Round your ans

wer to the nearest hundredth.
Business
1 answer:
Blababa [14]2 years ago
6 0

The percent change in real GDP is 17.65%

<h3>What is the GDP of an economy?</h3>

The gross domestic product (GDP) is the sum of all value contributed to a given economy. The value-added is the difference between the value of the products and services produced and the value of the goods and services required to produce them.

The percent change in real GDP can be calculated by using the formula:

\mathbf{=\dfrac{New \ GDP - Old \ GDP}{Old \ GDP } \times 100}

\mathbf{=\dfrac{40000 -34000}{34000 } \times 100}

= 17.65%

Learn more about gross domestic product (GDP) here:

brainly.com/question/1383956

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Each unit requires 2 pounds of direct materials, which cost $6 per pound. The company’s policy is to maintain direct materials i
ycow [4]

Answer: Budgeted Raw Material to be consumed in July.

Quantity         Price per pound             Total

10,200                 $6                             $61,200

Explanation:

As for the information provided, the material at month end in hand shall be:

20% of upcoming month's sale.

If in June at month end, the inventory in hand = 2,040 pounds of raw material.

Then, this represents 20% of total requirement of July.

Therefore, total requirement in July = \frac{2,040}{0.20} = 10,200\ pounds

This basically means:

Total inventory required =

Quantity         Price per pound             Total

10,200                 $6                             $61,200

5 0
3 years ago
Fleesum recently began using cross-functional teams. Dee wants to make sure the teams collaborate effectively, but also wants to
Mariulka [41]

Answer:

use a skill-based pay plan for the teams.

Explanation:

Based on this scenario it can be said that the best method for Dee to use would be a skill-based pay plan for the teams. A Skill-based pay (SBP) is a unique compensation method that is designed to reward individual employees with additional pay in exchange for formal certification of the employee's mastery of skills, knowledge, and/or competencies. This will promote individual initiative without suppressing a cooperative work environment.

8 0
3 years ago
5 points
swat32

Answer:

R

Explanation:

7 0
2 years ago
4 of 50 (3 complete)
Fantom [35]

Answer:

  • <em>The slope of the demand curve at point A is   </em><u><em> </em></u><u>- $0.40/unit</u>

  • <em>The slope of the demand curve at point B is     </em><u>- $0.14/unit</u>

Explanation:

See the file attached with the figure corresponding to this question.

<em>The slope of a curve</em> at a given point is the slope of the line tangent to the curve at that point.

<em><u>Point A:</u></em>

The tangent line to the <em>demand curve at point A is</em> drawn and passes through the points (20, 34) and (45, 24).Then, the slope is:

  • slope = rise / run = ΔP / Δq = $ (34 - 24) / (20 - 45) units

  • slope = - $10 /25units = - $2/5units = - $0.40/unit.

The minus sign indicates the that price decreases when the quantity increases

<u><em>Point B:</em></u>

<em>The tangent line to the demand curve at point B</em> passes through the points (90, 12) and (140, 5).Then, the slope is:

  • slope = rise / run = ΔP / Δq = $ (12 - 5) / (90 - 140) units

  • slope = - $7 /50units = - $7/50units = - $0.14/unit.

Again, the negative sign indicates that when the number of units increase the price decreases.

3 0
3 years ago
maritime industries is a federal contractor that makes navigation equipment for naval ships. maritime industries rarely focuses
Nesterboy [21]

Maritime industry is said to be rigid, they take few risks, they have structured contracts so the type of culture here would be the hierarchy culture.

There are 4 types of business culture. These are the:

  • Clan culture
  • Adhocracy culture
  • Market culture
  • The hierarchy culture.

The answer here is concerned with the hierarchy culture because this system is traditionally structured. What this means is that they are rigid and have a set way of doing things.

This is what makes them risk averse. It creates room for very little creativity and and they are very slow to making improvements or following changes in the marketplace.

Read more on brainly.com/question/4663564?referrer=searchResults

6 0
3 years ago
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