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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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The ______ requires that if a new employee had group health insurance at a previous employer and the new employer has healthcare
IRINA_888 [86]

Answer:

The correct answer is C. Consolidated Omnibus Budget Reconciliation Act.

Explanation:

COBRA stands for the Consolidated Omnibus Budget Reconciliation Act. This law guarantees employees the right to make payments for group medical insurance in order to maintain the insurance they would otherwise lose after:

- The reduction of your work hours.

- Leave the job.

- Job loss

Most people can keep insurance for up to 18 months. Some people may be able to keep it for a few months longer than that.

4 0
3 years ago
Gilberto's profit is maximized when he produces 3 shirts. When he does this, the marginal cost of the previous shirt he produces
rosijanka [135]

Explanation:

Profit is maximized at the production point of four tops. The disparity in net income and net expenditure is highest in this amount.

Another way of talking about this is to note that for the first 4 shirts that Gilberto makes, the marginal cost (MC) of making each shirt is smaller than the total revenue (MR) it generates from selling the shirt.

Beyond just the third shirt he makes per hour, the total cost of making the shirt is higher than the amount Gilberto receives; thus, opting to manufacture more than 4 shirts decreases Darnell's benefit.

3 0
2 years ago
Consider the economy of Arcadia. Its households spend 75% of increases in their income. There are no taxes and no foreign trade.
Varvara68 [4.7K]

Answer:

Consider the economy of Arcadia. Its households spend 75% of increases in their income. There are no taxes and no foreign trade. Its currency is the are. Potential output Is 600 billion arcs (Scenario: Fiscal Policy) Look at the scenario Fiscal Policy. If actual output Is 500 billion arcs, to restore the economy to potential output government should by 25 billion arcs.

increase taxes

Explanation:

8 0
3 years ago
Suppose you just bought a 25-year annuity of $8,200 per year at the current interest rate of 12 percent per year. What is the va
zhannawk [14.2K]

Answer:

64,313.74 ; 95,559.38 ; 47,283.11

Explanation:

by definition the present value of an annuity is given by:

a_{n} =P*\frac{1-(1+i)^{-n} }{i}

where a_{n} is the present value of the annuity, i is the interest rate for every period payment, n is the number of payments, and P is the regular amount paid. so applying to this particular problem, we have:

1. P=8,200, n=25, i=12%

a_{n} =8,200*\frac{1-(1+12\%)^{-25}}{12\%}

a_{n} =64,313.74

2. P=8,200, n=25, i=7%

a_{n} =8,200*\frac{1-(1+7\%)^{-25} }{7\%}

a_{n} =95,559.38

3. P=8,200, n=25, i=17%

a_{n} =8,200*\frac{1-(1+17\%)^{-25} }{17\%}

a_{n} =47,283.11

6 0
3 years ago
The following production data were taken from the records of the Finishing Department for July:Inventory in process, June 1, 30%
zepelin [54]

Answer:

Conversion Cost Equivalent units FIFO           39, 125

Explanation:

Beginning WIP           5,000 30% completed

transferred units       39,500

ending WIP                 4,500  25% completed

<u>The equivalent units will be:</u>

the transferred units

- complete portion for the beginning WIP

+ complete portion of the ending WIP

transferred out                      39,500

work in previous period

5,000 x 30% =                         (1,500)

worked but not complete

4,500 x 25% =                        <u>  1, 125 </u>  

Equivalent units FIFO           39, 125

5 0
3 years ago
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