'There are two common measures of economic growth: increases in real GDP over some period of time and increases in real GDP per capita over some time period.
This statement is True.
Gross domestic product is a monetary measure of the market value of all final goods and services produced and sold by a country in a given period of time. Due to its complex and subjective nature, this indicator is often revised before being considered a reliable one.
GDP = private consumption + private gross investment + government investment + government expenditure + (exports – imports). GDP is usually calculated by a country's national statistical agency according to international standards.
GDP measures the monetary value of the final goods and services produced in a country (that is, purchased by final consumers) over a specified period of time (such as a quarter or a year). Counts all electricity generated within a country's borders.
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Answer: Production and consumption occur simultaneously
Explanation:
Services are intangible quantities that possess value and can be traded, services cannot be stored therefore it most times is produced and consumed at the same time.
Answer:
$1,042.04
Explanation:
to calculate the present value using a continuously compounded interest rate, we can use the following 2 formulas:
1) present value = cash flow / eⁿˣ
- e = 2.71828
- x = 5% / 2 = 2.5%
- n = 10
- cash flow = $1,030
present value = $1,030 / 2.71828¹⁰ˣ⁰°⁰²⁵ = $1,030 / 1.284 = $802.16
2) present value of an annuity = payment [(1 - e⁻ⁿˣ) / (eˣ - 1)]
- payment = $30
- x = 2.5%
- n = 9
- e = 2.71828
present value = $30 [(1 - 2.71828⁻⁹ˣ⁰°⁰²⁵) / (2.71828⁰°⁰²⁵ - 1)] = $30 [(1 - 2.71828⁻⁹ˣ⁰°⁰²⁵) / (2.71828⁰°⁰²⁵ - 1)] = $30(0.2015 / 0.0252) = $239.88
present value of the stream of cash flows = $802.16 + $239.88 = $1,042.04
Answer:
The correct answer is C.
Explanation:
Giving the following information:
The down payment of $5,000 and financed the balance. According to the purchase agreement, you must pay $600/month for four years, beginning one month from today. The credit agreement is based on an annual interest rate of 12%.
First, we need to calculate the final value of the monthly payment.
FV= {A*[(1+i)^n-1]}/i
A= annual deposit= 600
i= 0.12/12= 0.01
n= 12*4= 48
FV= {600*[(1.01^48)-1]}/0.01= 36,733.56
Now, we calculate the present value:
PV= FV/ (1+i)^n= 36,733.56/ (1.01^48)= 22,784
Total cost= 22,784 + 5,000= $27,784
Answer:
While some places may hire someone your age, you will most likely have better luck finding a job once you are 15 and up. I'd imagine it varies statewide so it would be best if you could call and confirm you are old enough but a few of the places that may consider include:
McDonalds
Movie theaters
Dog sitting/walking, babysitting, lawn mowing
Baskin Robbins
Chick Fil A
Safeway as well as select grocery/department stores
Due to your age, you will most likely have some trouble finding a job that "looks good" on your college resume. If you have any free time, however, volunteer work is sure to look good on your resume.
