The price of a share of the company's common stock is $6.75.
To calculate the price of a share of the company's common stock, we need to use the given information and the formula for market value of equity.
Given information:
Stockholders' equity: $4 billion
Price/Earnings ratio: 10
Common shares outstanding: 160 million
Market/Book ratio: 2.7
Market value of total debt: $5 billion
Cash and equivalents: $290 million
EBITDA: $2 billion
First, we need to calculate the market value of equity (MVE) using the market/book ratio:
Market value of equity = Stockholders' equity × Market/Book ratio
Market value of equity = $4 billion × 2.7
Market value of equity = $10.8 billion
Next, we need to calculate the market value of equity per share:
Market value of equity per share = Market value of equity / Common shares outstanding
Market value of equity per share = $10.8 billion / 160 million
Market value of equity per share = $67.5
To calculate the price per share of common stock,
Price per share of common stock = Market value of equity per share / Price/Earnings ratio
Price per share of common stock = $67.5 / 10
Price per share of common stock = $6.75
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The complete question is:
eBook Problem Walk Through You are given the following information: Stockholders' equity as reported on the firm's balance sheet $4 billion, price/earnings ratio 10, common shares outstanding 160 million, and market/book ratio 2.7. The firm's market value of total debt is $5 billion, the firm has cash and equivalents totaling $290 million, and the firm's EBITDA equals $2 billion. What is the price of a share of the company's common stock? Do not round intermediate calculations. Round your answer to the nearest cent.
Doran Technologies has these expected manufacturing costs for one of its products: Indirect materials $4.00 per unit Indirect labor $1.20 per unit Factory repairs and maintenance $0.95 per unit Factory depreciation $6,000 per month Factory rent $13,500 per month Factory supervisory salaries $3,850 per month Determine the flexible factory overhead budget for August, when Doran sold 25,000 units.
To determine the flexible factory overhead budget for August, we need to calculate the total factory overhead cost based on the given expected manufacturing costs per unit and the number of units sold.
First, let's calculate the total variable factory overhead costs:
Variable factory overhead costs per unit = Indirect materials + Indirect labor + Factory repairs and maintenance
= $4.00 + $1.20 + $0.95
= $6.15 per unit
Total variable factory overhead costs = Variable factory overhead costs per unit × Number of units sold
= $6.15 × 25,000 units
= $153,750
Next, let's calculate the total fixed factory overhead costs:
Total fixed factory overhead costs = Factory depreciation + Factory rent + Factory supervisory salaries
= $6,000 + $13,500 + $3,850
= $23,350
Finally, let's calculate the flexible factory overhead budget for August:
Flexible factory overhead budget = Total variable factory overhead costs + Total fixed factory overhead costs
= $153,750 + $23,350
= $177,100
Therefore, the flexible factory overhead budget for August is $177,100.
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Snail corporation filed its 2022 form 1120-s on february 20, 2024. Snail is a calendar-year taxpayer with 5 shareholders. What amount will snail owe for failure to file on time?
Snail corporation filed its 2022 form 1120-s on February 20, 2024. Snail is a calendar-year taxpayer with 5 shareholders. $36,900 amount will snail owe for failure to file on time.
Who is a shareholder?
A person or organisation that has contributed funds to a corporation in exchange for a share of ownership is referred to as a shareholder. Common or preferred shares issued by the corporation and held (i.e., owned) by the shareholder serve as a representation of that ownership.
What is a shareholder's function?
The shareholder, who also controls how the directors run the business and is responsible for the company's financial stability, also gets a cut of any profits the business makes.
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A small open economy with perfect capital mobility is characterized by all of the following except that: A) its domestic interest rate always exceeds the world interest rate. B) it engages in international trade. C) its net capital outflows always equal the trade balance. D) its government does not impede international borrowing or lending,
A small open economy with perfect capital mobility is characterized by all of the following except that (A) its domestic interest rate always exceeds the world interest rate.
A country's open economy is a system that combines domestic and foreign trade by allowing the unrestricted flow of goods and services, as well as capital and labor, across borders. International trade, such as imports and exports, is important in an open economy, and it often contributes to the country's economic growth. A small open economy is characterized by all of the following except that its domestic interest rate always exceeds the world interest rate. A small open economy is defined as a country that is open to trade and has a high degree of capital mobility. Open economies can trade with other countries, and there are no trade barriers, such as tariffs or quotas, between them.The perfect capital mobility definition: Capital mobility refers to the ease with which capital can be exchanged between two countries. When a country has unrestricted access to capital, it is said to have perfect capital mobility.
A small open economy with perfect capital mobility implies that the country is free to borrow or lend internationally without any constraints. The country's interest rate would be equivalent to the world interest rate in a perfect capital mobility setting. The interest rate in a small open economy with perfect capital mobility would not exceed the world interest rate.
Therefore, a small open economy with perfect capital mobility is characterized by all of the following except that its domestic interest rate always exceeds the world interest rate (option D).
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Which are functions of money? Select the three correct answers.
A store of value
B. producer of resources
C. unit of account
D. medium of exchange
DE record of finances
F. unit of output
Answer:
A store of value
C. unit of account
D. medium of exchange
Explanation:
Money has four main functions. They are
The medium of exchange: It the most widely used and accepted instrument for the exchange of goods and servicesUnit of account: Money provides a standard measure of the value of goods and services being exchanged. Store of value: Money is known to keep its value for some period. this enables other commodities, both perishable and non-perishables, to be assigned monetary values Standard of future payments: This function allows for trade to be done on credit terms.Note that common tasks are listed toward the top, and less common tasks are listed toward the bottom. According to
O*NET, what are common tasks performed by Graphic Designers? Check all that apply.
conferring with clients
creating designs, concepts, and sample layouts
scheduling projects for clients
hiring and training new team members
determining size and arrangement of illustrative material and copy
developing graphics and layouts
Answer:
creating designs, concepts, and sample layouts
scheduling projects for clients
determining size and arrangement of illustrative material and copy
developing graphics and layouts
Answer:1,2,5,6.
Explanation:
The Free enterprise system is:
A: Supply & Demand
B: Designed to protect consumers' best interests
C. Requires both sides of the story
D. Free of competition
Answer:
Free enterprise is the freedom of individuals and businesses to regulation. It enables individuals and businesses to create, produce, are able and willing, enterprising people produce goods and services for produce and sell goods and services. In this system, no one forces people they believe to be best for them.
the history of the textile industry raises important questions for economic policy. true false
The history of the textile industry raises important questions for economic policy. its true .
The methods for determining tax rates, government spending, the money supply, and interest rates, as well as the labor market, national ownership, and many other areas of government interventions in the economy, are all included in the concept of the economy of governments. The majority of economic policy elements fall into one of two categories: monetary policy, which deals with central bank activities related to the money supply and interest rates, or fiscal policy, which deals with government actions related to taxation and spending. International organizations like the International Monetary Fund and the World Bank, as well as political ideologies and the ensuing party policies, frequently have an impact on such policies.
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Business analyst recently completed a project that their company has decided to use to solve a larger business problem. What step is this in the data analysis process? 1 point
The step in the data analysis process that the business analyst has completed is the implementation stage. This is because the project that they completed has been deemed as a solution to a larger business problem and the company has decided to use it.
The implementation stage is the final step in the data analysis process and involves the execution of the chosen solution. This step involves putting the solution into practice and monitoring its performance to ensure that it is effective in addressing the identified business problem.
Before the implementation stage, the data analysis process involves several other steps such as problem identification, data collection, data cleaning and preparation, data analysis and interpretation, and solution selection. These steps are all essential in ensuring that the solution chosen is effective in solving the business problem.
In conclusion, the business analyst has completed the implementation stage of the data analysis process, which involves executing the chosen solution to solve a larger business problem.
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Creating a New Budget to Meet Your
Saving and Spending Needs
Student Assignment
In this assignment, you will create a budget and answer questions about how your budget has
successfully met short-term and long-term goals.
Assignment Instructions
Step 1: Gather materials and necessary information.
*Edgenu
a) Ask your teacher which word-processing software you will be using.
b) Keep your lesson and assignment open in case you need to review what you have
learned.
Step 2: Read and follow each set of instructions carefully.
a) To create your budget, type an amount of money into each cell of the tables you have
been given. Be sure to ask your teacher for help if you are not sure how to do this.
b) Make sure you complete the questions on each page.
Assignment: Revising a Budget
You have just been promoted at your job, and now you have a net income of $2,190. You would like
to use this income to meet new financial goals.
A student budget is a system where funds are allocated to students in accordance with their needs based on specific, quantifiable, and weighted criteria.
Even though creating a budget is already a difficult task, implementing a student-based budget is crucial to attaining educational equity.
Grade 7: What is a budget?A budget is a documented plan for how future revenue will be spent. It is a written document that outlines the anticipated earnings and costs of an individual or organization for a given future period, such as a month or a year.
Why is budgeting important?Budgeting allows you to plan for both short-term and long-term expenses by ensuring that you aren't spending more than you are earning. It's a simple, practical method for all types of people.
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Answer:
here was mine!!
Explanation:
According to the law of supply what's the result of an increase in the supply of workers for a job if all other factors remain equal?
Answer:
According to the law of supply, an increase in the supply of workers for a job if all other factors remain equal means the company wants to be efficient and it is also proof that the company is making more profit which signals the demand for the commodities they produced as increased drastically.
Explanation:
The law of supply work in the dimension of price, the number of goods available in the market, and it is hugely affected by demand. Now, when the price of goods decreases, it makes production by producers decrease as well and staffs are also laid off to avoid profit loss by the producers. This changes when the price of commodity increases as it makes producers of the commodity have the capacity to employ more staff to maximize time and this also causes the producers to increase sales. However, the higher demand for a commodity would also increase the supply of that commodity.
Answer:
The wage rate for that job will be pushed down.
Explanation: I just took the test and got it right
Bonds are basically also known as what?
a
Loans
b
Contracts
c
Volatile Investments
d
None of the Above
bonds are basically known as
b)contracts
What is one thing the government does as it enforces consumer-protection
regulations?
A. collects tariffs from foreign producers
B. tests products such as drugs and automobiles for safety
C. prevents cartels from engaging in price fixing or production
limitation
D. makes sure publicly-traded companies provide stockholders with
financial records
Answer: B: test products such as drugs and automobiles for safety
Explanation: âpex learning
What is an example of a musical work?
A musical theater script
The playlist used for a pop radio station
The design of a particular musical instrument
The sheet music of a popular movie soundtrack
Answer:
sheet music of a popular movie soundtrack
Answer:
nhd wdbbdbdbdhduwdhbdubdjkdn9uwdhdbddknd
Explanation:
A rancher raises alpaca. Once a year, he shears them and sells the raw wool to a processor who spins it into yarn. The yam is then sold to a mill which produces and sells alpaca sweaters. In calculating GDP we would count
a. only the sweaters. b. only the yarn and the sweaters. c. only the raw wool and the yam d. the raw wool, the yam and the sweaters.
In calculating GDP, we count the final value of all goods and services produced within a country in a given period of time. Here, we would count the final value of the alpaca sweaters produced by the mill.
This is because GDP or gross domestic product avoids double counting by only including the final value of goods and services, rather than intermediate stages of production like the raw wool and yarn. This means that we would choose option a, only the sweaters, as the correct answer. The value of the raw wool and the yarn would already be included in the final value of the sweaters, as they were used in the production process.
It's important to note that GDP only counts the value of final goods and services, not intermediate goods like the raw wool and the yarn.
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In calculating GDP, we consider the market value of all final goods and services produced within a country in a given period of time.
In this scenario, the alpaca sweaters are the final goods, as they are the end product made from the raw wool and yarn. The raw wool and yarn are intermediate goods because they are used to produce the final goods, which are the sweaters.
Therefore, when calculating GDP, we would count only the sweaters (option a). Including the raw wool and yarn would lead to double counting since their value is already incorporated in the final price of the sweaters. This approach ensures that GDP accurately measures the value of goods and services produced within the economy, avoiding overestimation due to the inclusion of intermediate goods.
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How does the way you feel about yourself affect hiw others see you?
I don't think my reality influences how I am viewed by others. It is the other way around, though.
If I ALLOW IT, how people see me will influence how I see myself. It depends on the person in a positive or negative way.
Everyone has their own reality; they have their own vision of how they see themselves and others. If someone is mad at me, then I don't take it personally as much as possible because I know they represent their reality, not mine, to me.
why is healthcare accounting important?
Answer:
Nowhere is accounting more important in a medical practice than in revenue cycle management (RCM). ... Managing a medical office's payments received. Processing and tracking, which can often become complex. Determining patient eligibility for specific services.
Explanation:
Accounting plays a vital role in running a business because it helps you track income and expenditures, ensure statutory compliance, and provide investors, management, and government with quantitative financial information which can be used in making business decisions.
Which would provide the least ambiguous description of a property, for purposes of a deed?
A legal description would provide the least ambiguous description of a property, for purposes of a deed.
A legal description is the geographical description of real estate that identifies its precise place, barriers, and any easements for the motive of a legal transaction, such as a transfer of possession. A criminal description is saved with the deed and filed with the county clerk or county tax assessor.
There are 3 types of legal descriptions of belongings typically used: metes and limits, government survey, and lot and block.
An avenue to cope with is not a legal description. road addresses regularly alternate, and that they had been never intended to offer a reliable description for purposes of deed education. An avenue to deal with isn't always sufficient to serve as a good enough criminal description of the actual estate.
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Explain the main Features of AS-20 ?
Answer:
As per AS 20, when bonus shares are issued during the year, it should be calculated in the weighted average from the beginning of reporting period irrespective of the issue date. Therefore, the bonus issue is treated as if it had occurred prior to the beginning of the year 2010, the earliest period reported
Explanation:
hope this helps
Carter company reported the following financial numbers for one of its divisions for the year; average assets of $4,150,000; sales of $4,575,000; cost of goods sold of $2,600,000; and operating expenses of $1,422,000. assume a target income of 10% of average assets. compute residual income for the division:
$138,000 is the residual income for the division. It assists the institutions in figuring out whether a person makes enough money to cover his expenses and obtain a second loan.
Why do you calculate residual income?Being one of the numbers that banks and lenders consider before approving loans makes residual income an important metric.
Given
Assets =$4150000
COGS =$2600000
Operating expenses =$1422000
Target Income = 10%
Sales =$4575000
Required to Calculate Residual value =?
Residual Value = Operating Income - ( Target income x average assets)
Operating income = Sales - COGS - Operating expense
= 4575000 - 2600000 - 1422000 = 553000
Residual income = 553000 - (10% x 4150000) = $138000
Thus, the residual income is $138,000 for the division.
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Eastern Motors Auto Dealership wanted to estimate the average CLV over a 5 year time horizon of a customer who purchases a new vehicle. The average vehicle sells for $25,148 and has a margin of 8%. Based on historical averages, 89 of people buying a new vehicle at Eastern will return for service 7 times over the next 5 years. Though it varies considerably, Eastern generates approximately $96 in margin on each service visit after accounting for parts and direct labor costs.
Not including service, what is the average dollar margin for each new vehicle sold?
The total estimated CLV over a 5 year time horizon for someone who purchases a new vehicle at Eastern Motors is $2,609.92
Given,
Year time horizon = 5 year
Average vehicle sells for = $25,148
Margin = 8%
So, margin on selling vehicle = Average vehicle selling price * Margin = $25,148 * 8% = $2,011.84
Margin generated by 89% of people who return for service over 5 years = Number of times * Margin generated on each service = 7 * $96 = $672
Total estimated customer lifetime value (CLV) at Eastern Motors = Margin on selling vehicle + (Margin generated by 89% of people who return for service over 5 years * 89%) +
(Margin generated by 226% of people who do not return for service over 5 years * 22%) = $2,011.84 + ($672 * 89%) + ($0 * 22%) = 2,609.92
Hence, the total estimated CLV over a 5 year time horizon for a person who purchases new vehicle at Eastern Motors is $2,609.92
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How is a game designer different from a writer?
Answer:game desighners are mostly online
Explanation:
Which of the following best defines goal?
a. aim or purpose
b. disregard or disrespect
c. freedom from doubt
d. influence
f
Suppose human life without technology. Write a paragraph
Answer:
Technology does not help Americans to become more intellectual it only ditures individuals from important aspects of life. By not using technology individuals are left to reflect and evolve mentally. As Americans use technology more their concern for others become less prevalent. The use of technology to make change or impact in the world will never be as effective as facing it head on. Technology can only do so such it can not bring families closer to each other or God. Therefore, Americans need for technology does nothing but bring them farther away from their family, distract them from important aspects in the real world, and does not help them to evolve mentally at any extent. Many argue that life without technology is a happier and more advanced life all together that makes individuals reflect. Thoreau, well known transcendentalist, gives Americans needed advice by asserting “awake, not by mechanical aids(1)”, putting down technology as a whole. Americans can see technology as a corrupt power that controls and keeps them surrounded in fiction. As Thoreau goes on he gives Americans the idea that technology can not make a substantial like humans can. Near the end of the passage Thoreau gives context on mental advancement by saying “My head is hands and feet.
Explanation:
plz mark me as brilliant plz
Due to the advent of technology, the everyday life of people has undergone a drastic change. Life, in the present times, has become so much more comfortable, easy, dynamic, and fast. However, at the same time, life has also become a lot more lethargic, anti-social and preposterous like the computers that we have in our houses. Our smartphones, laptops, and other such gadgets have become a part and parcel of our lives, things that we somehow cannot live without.
It is because of innovation that human race is surviving the exceptional populace development and without it, humankind would have vanished long prior in a worldwide craving Armageddon. In any case, then again there are negative impacts of innovation waiting in our lives. By dismissing essential human and mammalian impulses like mingling, family life and physical effort, we have turned out to be manufactured and empty. Despite the fact that we are receiving rewards, we are losing the little of the valuable mankind left in our lives due to over-liberality.
Taking everything into account, innovation has influenced our lives profoundly. We just can’t envision living without it. It has expanded our life expectancy and nature of living. Where it has brought people closer in various ways, it has also contributed towards drifting people apart from each other. Without it, our lives would have been less difficult, harder, poorer, secluded, unoriginal, disengaged and perilous.
If an agency's qualifying new business premium is ____ than the set minimum in a given month or quarter in the prior year, that agent's baseline will be increased to the minimum baseline that month or quarter.
Answer:
lower
Explanation:
If the premium set is below the minimum threshold then agent baseline will be increased. This is because the commission of an agent is based on the percentage of the premium. If the premium amount is lower then the commission will also be lower resulting in the agent baseline to decrease.
Martin owns a store that sells four different products. Each product has the same unit selling price and equal unit variable costs. This month, the sales mix has been calculated and each of the four products constitute 25% of sales as determined by number of units sold. Does Martin need to calculate the weighted-average unit contribution margin this month
Answer:
No, the weighted-average unit contribution margin is equal to the contribution margin for each of the products.
Explanation:
The weighted-average unit contribution margin is not impacted by the company-wide break-even point in units.
The weighted-average unit contribution margin is NOT equal to the contribution margin for each of the products.
The weighted-average unit contribution margin IS dependent on the sales mix percentage.
Nelly Newman lives in Melbourne and is a resident for taxation purposes. She worked fulltime in a multinational company and received the following income for the current income tax year. - Salary earned from her full-time job is $75,000 - Commission of $10,000 for meeting job KPI (Key Performance Indicator, a performance metric) - Rental income earned from her investment property was $24,000 - Fully franked dividend income of $7000 plus franking credit $3000 - Interest earned \$27 from term deposits - \$450 earned from a tax-exempted charitable institute - Assume Nelly did not have any deductions. Required: Advise Nelly on her total "Assessable Income" and explain the main income principles applicable to her case. In your response, you are not required to explain each item separately. However, your response must cover all the main issues, characteristics and principles applicable to all the above information received from Nelly.
The assessable income of Nelly Newman is $119,027. Income tax will be levied on this amount. The main income principles applicable to Nelly's case are as follows: Principle of Ordinary Income: The first step in calculating Nelly's assessable income is to determine whether the amounts she received are ordinary income or capital in nature.
Nelly's income from her full-time job and rental property, as well as her commission, are examples of ordinary income. Nelly's dividends are also ordinary income, but they are subject to dividend imputation. Principle of Statutory Income: Statutory income is income that is specifically mentioned in the Income Tax Assessment Act (ITAA). Nelly's fully franked dividends are an example of statutory income, as they are specifically identified as such in the Act.
Principle of Exempt Income: Some income is exempt from income tax. Nelly's income from her tax-exempted charitable organization is an example of such income. Principle of Period of Receipt: Income is taxable in the year it is received. Nelly's interest and rental income, for example, were received during the year and must be reported as income for that year.
Principle of Accrual: Income that has not yet been received is accrued income. This principle is not relevant to Nelly's situation since all of her income has been received. Principle of Source: This principle determines whether income is taxable in Australia or another country. Since Nelly is a resident for taxation purposes in Australia, her worldwide income is taxable in Australia.
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Income securities are used primarily to Defer interest income to a later date. Invest in retirement planning. Correct Answer Supplement current income. You Answered None of these. Shelter current income from taxes.
Income securities are primarily used to supplement current income.
Income securities are financial instruments that generate income for investors. They are typically fixed-income investments such as bonds, certificates of deposit (CDs), or dividend-paying stocks.The primary purpose of income securities is to provide a steady stream of income to investors. This income can be in the form of interest payments, dividends, or periodic distributions.By investing in income securities, investors can supplement their current income from other sources such as salaries or pensions. This additional income can be used to cover daily living expenses, pay bills, or save for future financial goals.While income securities can also play a role in retirement planning by providing a reliable income stream during retirement, their main focus is on supplementing current income.Deferment of interest income to a later date is not the primary purpose of income securities. While some securities may offer the option to defer interest payments, it is not the primary objective for most investors.Sheltering current income from taxes is not the primary purpose of income securities either. While certain types of income securities may offer tax advantages, such as municipal bonds that are exempt from federal taxes, the primary goal is still to supplement current income.Therefore, the correct answer is that income securities are primarily used to supplement current income.
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6. Identify a change in technology during each of the time periods in history below that you believe improved the
way marketing activities were completed. List the example and explain how it contributed to marketing during
that time.
(a) 1900s to 1930s
(b) 1930s to 1950s
(c) 1950s to 1980s
(d) 1980s to today
Answer:
Answer:
Prior to the 1950s, the production orientation generally held true due to the growing numbers of affluent and middle class people that capitalism had created.
Say’s Law states that the “production of commodities creates, and is the one and universal cause which creates, a market for the commodities produced”.
The emphasis of firms adopting a production orientation of marketing would have been based on the theory of economies of scale, which are the cost advantages that an enterprise obtains due to expansion.
Would you rather have a job you hate that pays $120,000 or a job you love that pays $40,000? Why?
Answer:
a job i hate becasue they pay well
Explanation:
I will have a job I hate that pays $120,000 because it is enough to cover living expenses and doesn't require a lot of extra effort or tons of time at work.
What do you mean by Job?Job is a piece of work, typically a specific activity completed as part of one's regular workday or for a set fee.
Even if I work a job I enjoy, I still have to report to the office during regular business hours and seek vacation time. I don't have control over my time or efforts, therefore both jobs sound the same to me. I could never truly love that profession as long as I am beholden to an employer and someone else is in charge of my time.
So even if earning $120,000 for a job you love may sound great to some, I wouldn't do it since I want to retire as early as possible, and that costs money.
Therefore, I will have a job I hate that pays $120,000.
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What do economists consider a "leading indicator" of the health of the economy? question 1 options: the price of gas the stock market rent cost gdp
The GDP is the leading indicator that is used to ascertain the health of the nation.
What is the GDP?This is the term that is used to refer to the Gross Domestic Product of a particular nation. It is what is used to measure the overall size of the economy of a country.
The GDP is the total cost of the goods that have been produced in a particular nation in a period of time. Hence we can say that The GDP is the leading indicator that is used to ascertain the health of the nation.
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