Nominal GDP: Nominal GDP is the GDP that is calculated at the current year's prices. It is a monetary measure of the value of all finished goods and services produced within the economy during a specified period. The price change for Shoes is 10% and the price change for Computers is 49.49%. The GDP deflator for 2020 is 121.13%.
Real GDP: Real GDP is the GDP that is calculated using the prices of some base year. It is a measure of the economy's production output. It is the value of all final goods and services produced within the economy during a specified period using the prices of some base year. Computation of nominal GDP of Fantasia for 2019 and 2020: Nominal GDP of Fantasia for
2019 = ($110 * 3500) + ($99 * 2000) = $385000
Nominal GDP of Fantasia for
2020 = ($121 * 3700) + ($148 * 3000) = $937400
Computation of real GDP of Fantasia in 2020 using 2019 prices: Real GDP of Fantasia in
2020 = ($110 * 3700) + ($99 * 3000) = $773000
Explanation of why nominal GDP in 2020 differs from real GDP in 2020: Nominal GDP in 2020 differs from real GDP in 2020 because nominal GDP uses current year's prices whereas real GDP uses the prices of some base year. Calculation of the changes in prices for both products: The changes in prices for both products can be calculated using the following formula:
Price change = (Price in 2020 - Price in 2019) / Price in 2019 * 100%
Price change for Shoes = ($121 - $110) / $110 * 100% = 10%
Price change for Computers = ($148 - $99) / $99 * 100% = 49.49%
Calculation of the GDP deflator for 2020:GDP deflator for
2020 = (Nominal GDP in 2020 / Real GDP in 2020) * 100= ($937400 / $773000) * 100 = 121.13%
Therefore, the nominal GDP of Fantasia for 2019 is $385000 and for 2020 is $937400. The real GDP of Fantasia in 2020 using 2019 prices is $773000. The nominal GDP in 2020 differs from real GDP in 2020 because nominal GDP uses current year's prices whereas real GDP uses the prices of some base year. The price change for Shoes is 10% and the price change for Computers is 49.49%. The GDP deflator for 2020 is 121.13%.
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What are the dangers associated with having a high national debt?
Answer:
Explanation:
Lower income and economic opportunities for the people. Might lose investors and business opportunities.
In 2008, Cameron began his career with SBC. His starting salary was $32,000. By 2012, his salary increased to $35,000. If the CPI was 100.0 in 2008 and 107.5 in 2012, Cameron's 2012 real income is Question 40 options: $32,000.
Based on the CPI in 2008 and 2012, Cameron's 2012 real income is $34,400.
What is real income?The real income is the inflation-adjusted income. It is not the same as the nominal income.
For instance, Cameron's nominal income in 2012 is $35,000, but the inflation-adjusted (CPI) real income should be $34,400 based on his starting salary of $32,000 in 2008.
Data and Calculations:Starting salary in 2008 = $32,000
Salary in 2012 = $35,000
Consumer Price Index (CPI) in 2008 = 100.0
Consumer Price Index (CPI) in 2012 = 107.5
CPI adjusted salary in 2012 should be (real income) = $34,400 ($32,000 x 107.5/100.0)
Thus, based on the CPI in 2008 and 2012, Cameron's 2012 real income is $34,400.
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Is there an error in the following statement? If yes, explain.
“If your premium is too high, you could most likely lower it by talking to your insurance company and either raising your deductible or lowering your co-payment.”
A. No, there is not an error.
B. Yes, there is an error because raising the deductible on an insurance policy would raise the premium instead of lowering it.
C. Yes, there is an error because lowering the co-payment on an insurance policy would raise the premium instead of lowering it.
D. Yes, there is an error because deductibles are fixed values for each type of insurance and do not change between policies.
Answer:
Yes, there is an error because lowering the co-payment on an insurance policy would raise the premium instead of lowering it.
Or
No, there is not an error.
Yes, there is an error because lowering the co-payment on an insurance policy would raise the premium instead of lowering it, is the statement that has the error. Hence, option C is correct.
What is insurance policy?An insurance policy is a contract between the insurance establishment and the individual, business, or other entity being covered. You may ensure that your policy meets your statuses and that you and the insurance company are both aware of your trustworthinesses in the case of a loss by cautiously reviewing your policy.
Every insurance policy is divided into five sections: declarations, insuring agreements, definitions, situations, and conditions. A popular sixth section of policy is indorsements. Refer to these slices as you review the policies.
But most financial experts suggest that everyone purchase life, health, auto, and long-term disability insurance.
Thus, option C is correct.
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an inflationary gap occurs when the as curve and the ad curve intersect of the potential gdp line.
An inflationary gap occurs when real GDP exceeds potential GDP and that brings a rising price level. An inflationary gap occurs when the AS curve and the AD curve intersect to the right of the potential GDP line. An inflationary gap is the difference between the current level of real GDP and the GDP that would exist if an economy was fully employed.
The current real GDP must be greater than the potential GDP for the gap to be termed inflationary. Assume that there is a national economy that produces 10,000 gallons of milk every week. However, the total weekly milk demand is 15,000 gallons.
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true or false? when conducting buyer persona interviews, make sure to include your colleagues who were involved in the sales process.
The statement that when conducting buyer persona interviews, make sure to include your colleagues who were involved in the sales process is false.
Buyer persona is a buyer model created from the real buyers’ perspective. It is an aggregate representation of the buyer that combines the demographic and attributes of a segment of target customer based on real life data and market research about the company’s existing buyers. It is beyond a unidimensional profile of buyers that should be influence. A buyer persona interviews highlights the buyer’s decisions in terms of their concern, attitudes, and criteria that influence prospective customers to choose a specific company, their competitors, or the status quo. The business’s executive leadership should be involved in generating a buyer persona as they have in-depth knowledge of the company's vision and goal and can aid in creating persona that are relevant.
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when a politician argues that a new policy is necessary in order for the country to succeed in today’s global market, which discourse is often used?
When a politician argues that a new policy is necessary in order for the country to succeed in today’s global market, he uses a neoliberal discourse.
Neoliberal discourse is a political ideology that advocates for limited government intervention in the economy, deregulation, and the promotion of free market principles. It prioritizes individual freedom, private property rights, and the notion that market forces should drive economic decisions. This ideology emerged in the 1970s and 1980s, and has been influential in shaping economic policies across the world, particularly in the developed countries. The term neoliberalism is often used to describe the belief in the efficiency and morality of free markets and the corresponding reduction of state involvement in the economy. This discourse argues that the government should promote a business-friendly environment, reduce regulation, and encourage international trade to increase competitiveness in the global market. This discourse often frames government intervention in the economy as a hindrance to success, instead promoting the idea that the market should be left to operate freely with minimal interference.
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explain advertisement
Answer: Advertisement is a marketing communication. It is used to promote businesses and their products. Used to promote more effectiveness in a businesses profit and their sales. May be seen in the form of commercials or billboard announcements in everyday life.
How important is money
Answer:
very important
Explanation:
money is a global income source for everyone. we all have different types but it is all still money. now say one country got rid of money and had people pay for stuff using other things. if china did that lots of different countries wouldn't be able to get stuff from there unless they had so much of that product they could just give it up.
difference between relative and absolute scarcity
Answer: Relative scarcity could be described as that where the resources are limited in supply for a short while, due to manufacturing or supply challenges.
Absolute scarcity could he described as where supply is naturally limited. No possibility of the supply increasing.
Explanation:
Relative scarcity could be described as that where the resources are limited in supply for a short while, due to manufacturing or supply challenges.
Absolute scarcity could he described as where supply is naturally limited. No possibility of the supply increasing.
In relative scarcity, there is a probability of the supply to be made available later while in absolute, there is no possibility of it happening.
1) Assume that P = 48 - 2Q. Find the level of production that
maximizes revenue. (2 points) 2) Assume that in addition to P = 48
- 2Q, TC = 4 + 4Q. Find the level of production that maximizes
profit.
11) To find the level of production that maximizes revenue when P = 48 - 2Q, we need to first find the revenue equation. Revenue (R) is equal to the product of price (P) and quantity (Q). So, we have:
R = P * Q
Substituting the value of P in the above equation, we get:
R = (48 - 2Q) * Q
R = 48Q - 2Q²
To find the level of production that maximizes revenue, we need to take the derivative of the revenue function with respect to Q and set it equal to zero:
dR/dQ = 48 - 4Q = 0
48 = 4Q
Q = 12
Therefore, the level of production that maximizes revenue is 12.
2) To find the level of production that maximizes profit when P = 48 - 2Q and TC = 4 + 4Q, we need to first find the profit equation. Profit (π) is equal to revenue (R) minus total cost (TC). So, we have:
π = R - TC
π = (48 - 2Q)Q - (4 + 4Q)
π = 44Q - 2Q² - 4
To find the level of production that maximizes profit, we need to take the derivative of the profit function with respect to Q and set it equal to zero:
dπ/dQ = 44 - 4Q = 0
44 = 4Q
Q = 11
Therefore, the level of production that maximizes profit is 11.
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suppose the marginal propensity to consume is .75. if the government expends $1.8 trillion dollars, in the absence of flexible prices, how much will economic spending increase?
The marginal propensity to consume (MPC) refers to the proportion of an additional dollar of income that is spent on consumption. In this case, if the MPC is 0.75, it means that for every additional dollar earned, 75 cents will be spent on consumption.
If the government expends $1.8 trillion dollars, it will lead to an increase in economic spending by a multiple of the initial expenditure, which is known as the fiscal multiplier. The fiscal multiplier depends on various factors such as the MPC, tax rates, and the size of the economy.
Now, to determine the increase in economic spending, we multiply the government expenditure by the spending multiplier: $1.8 trillion x 4 = $7.2 trillion. Therefore, in the absence of flexible prices, the economic spending will increase by $7.2 trillion due to the government's expenditure of $1.8 trillion.
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Type the correct answer in the box. Spell all words correctly. What do inventory firms use when moving delicate products? Inventory firms use________ belts when moving delicate products.
its not multiple choice- need help!
Answer:
conveyor belts
Explanation:
A conveyor belt is a moving band, e.g. a conveyor belt is used in airports when you are retrieving your luggage after you arrive to your destination. They can be used to transport bulk materials or delicate products. Their length also varies, since they can be very short, e.g. just a few feet, to very long, e.g. transport goods for many yards.
How do markets create incentives?
When demand or supply changes, market prices adjust, affecting incentives.
When the price of a good or service increases, buyers buy less of it and producers have the incentive to produce or sell more of it. In a market-based economy, prices act as incentives for buyers and sellers, sending signals to change their behavior.
If you can continuously increase your market share by attracting, there is an incentive to produce quality goods. The price sends a signal to the buyer. Low prices are an incentive for buyers to spend money now. Higher prices incentivize sellers to increase production to produce more goods.
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How do plants obtain the water required for photosynthesis?
Answer:
from their roots
Explanation:
the roots dig into the ground and absorb water for the plant
Answer:
they obtain their water from the roots of the plant and roots take the water from the soil.
what is another term that means withholding
A) gross income
B) payroll deductions
C) taxable income
D) allowances
Answer:
B) payroll deductions
Explanation:
To withhold a payment implies abstaining or avoiding to pay. If an employer withholds some payments, it means that the employee will not receive the withheld amount.
When employers withhold taxes and other deductions, it means the employee will not be given the tax amount. The employer will deduct that amount from the employee pay and forward it to the tax agency. Withholding, in this sense, is payroll deductions.
When you put a check you received in the bank, you have immediate access to the money.
True or False.
Answer:
this is true hope this helps
Explanation:
Explain the difference between budget surplus and budget deficit.
Answer: budget surplus is when you have more more left over after you budget and deficit is when you went over your budget.
Explanation:
Answer:
The opposite of a budget deficit is a budget surplus. When a surplus occurs, revenue exceeds current expenses and results in excess funds that can be allocated as desired. In situations in which the inflows equal the outflows, the budget is balanced.
Explanation:
An application, a course guidebook, and a counselor’s phone number are all a. Expert resources c. Material resources b. Support resources d. Leader resources Please select the best answer from the choices provided A B C D
Answer:
c.Material Resources
Explanation:
Answer:
c
Explanation:
the physical and mental talents people bring to production processes comprise the resource called group of answer choices a) labor. b) natural. c) resources. d)) entrepreneurship. e) capital
The physical and mental talents people bring to production processes are called labor.
Labor is the physical and mental talents that people bring to production processes. It is one of the three factors of production, along with land and capital.
Natural resources are the raw materials that are used in production processes. They are not created by humans, but they are used by humans to create goods and services.
Resources are a general term that refers to all of the inputs that are used in production processes. This includes labor, natural resources, and capital.
Entrepreneurship is the talent for organizing the use of land, labor, and capital to create new businesses.
Capital is the produced goods that are used in production processes. This includes things like machines, tools, and buildings.
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use the following data from mayonnaise manufacturing co. to identify the revenues from sales of finished goods for the year.
In mayonnaise manufacturing, egg yolk is used as an emulsifier at a stage usually among 4% and 8%. Water makes up the non-stop phase of the method at five-15% with various other additives for taste including salt, sugar.
The classic way to make mayonnaise calls for a whisk, steel bowl, sturdy fingers and patience! as an alternative, to prepare homemade mayonnaise, I suggest the usage of a mixer. We also can use a blender, but the end result might be a stiffer and less fluffy sauce.
Whilst some culinary historians have a look at that a mayonnaise-like aggregate of olive oil and egg become fed on by way of historical Egyptians and Romans, the mayonnaise that we recognize today—an emulsion of oil, egg and lemon juice and/or vinegar, plus seasonings—become advanced by means of one of the notable chefs of France.
On the coronary heart of the debate is the definition of mayonnaise. in step with the FDA, mayonnaise is defined as a aggregate of vegetable oil, vinegar, egg yolk, and lemon juice. Hampton Creek, however, created a line of "simply Mayo" products which are eggless and produced from vegetation as a substitute.
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Click this link to view O*NET’s Skills section for Petroleum Engineers. Note that common skills are listed toward the top, and less common skills are listed toward the bottom. According to O*NET, what are some common skills Petroleum Engineers need? Select four options.
repairing
speaking
complex problem solving
active listening
equipment maintenance
reading comprehension
ANSWER IS 2 3 4 6
Answer:
I'm pretty sure its 2346
Explanation:
might be wrong considering Edge loves to move answers around. yes they do that....
Answer:
2346
Explanation:
héctor manages a plastics factory that manufactures pet chew toys. senior management has decided to change the company’s bonus structure, and héctor understands this will motivate some employees while aggravating others. how should héctor go about announcing the changing bonus structure?
Calling a face-to-face meeting with the employees is the best way that Hector can announce about change of the bonus structure.
Face-to-face meeting is a type of meeting where the participant of discussion are all present physically therein.
The major advantage of the Face-to-face meeting is that its allows effective communication and feedback from or among the participants
Therefore, the correct answer is Option B because it is the best way by which Hector can announce about change of bonus structure.
The missing options includes "Héctor should send each employee a personal note, Héctor should call a face-to-face meeting with the employees, Héctor should send a companywide e-mail, Héctor should post an announcement in the break room, near the coffee machine."
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Think about how personal branding has made it easier and more difficult to get a job. Give one example of each.
Personal branding can make it easier and more difficult to get a job in different ways, as explained below:
Easier: Personal branding can help job seekers stand out from other candidates by showcasing their unique skills, experiences, and personality traits. For example, a graphic designer who has established a strong personal brand through a portfolio website, social media presence, and positive reviews from clients may have an advantage over other designers who have not invested as much effort into their personal branding. This can make it easier for the designer to attract potential clients and job opportunities that align with their brand and expertise.
More difficult: On the other hand, personal branding can also make it more difficult to get a job if it does not align with the employer's values or expectations. For instance, a candidate who has a strong personal brand on social media but shares controversial or offensive opinions may not be considered for a job that requires a professional and respectful demeanor. Additionally, if a candidate's personal brand is too strong or dominant, it may overshadow their qualifications and experience, leading potential employers to perceive them as self-promoting or arrogant. This can make it more difficult for the candidate to convince employers that they are a good fit for the job based on their skills and achievements alone.
Identify the problem by analyzing the given scenario. An IT software company is losing market share because it fails to launch new products in a timely manner. Decisions are centralized at the top, and employees have little or no voice. One way to solve this problem is to use teams to eliminate ____ in the company.
Explanation:
to eliminate their best efforts in the company
Answer:
"bureaucratic barriers"
Explanation:
i got it right on plato
You are the manager of a local band that has developed a following around the country. You are planning the band's next tour. Some of the band members want to keep the tour to a US tour as you've done in the past, while others want to take the tour intemational (which you've never done before). Because of past experience, you know that if you go on the US tour you will profit $50,000. However, if you go international, you are unsure about the size of the crowd so you are uncertain about your profits: with probability one half you yield high profits of $100,000, yet with equal probabilities you get either middling profits of $40,000 or profits of $0 because a very low turnout means you just barely break even. a) If all that you care about is the expected profits from the tour, what advice to you give the band and why? Should they take the tour international? b) Suppose now that you have the option of paying a market research company for a perfect forecast of the piofitability of an international tour prior to deciding upon which type of tour to undertake. How much would you be willing to pay for such a forecast, i.e. what is the value of that additional information? A good way to start is with a decision treel
a) If all that matters is the expected profits from the tour, the band should take the international tour. To determine the expected profits, we need to calculate the weighted average of profits based on their probabilities.
The expected profit for the international tour would be: Expected Profit = (0.5 * $100,000) + (0.25 * $40,000) + (0.25 * $0) = $70,000
Comparing this with the expected profit of $50,000 for the US tour, the expected profit for the international tour is higher. Therefore, if the band only considers expected profits, they should choose the international tour.
b) The value of additional information can be assessed by comparing the expected value of the perfect forecast to the expected value without it. In this case, the band can use a decision tree to analyze the value of the forecast. The decision tree would include the two options: paying for the perfect forecast or not paying for it.
By calculating the expected values for each decision branch, we can compare the outcomes. If the expected value of the international tour with the perfect forecast is higher than the expected value of the international tour without the forecast, it indicates the additional information is valuable.
To determine how much the band should be willing to pay for the forecast, they would need to assess the cost of obtaining the forecast and compare it to the difference in expected profits between the two scenarios. If the potential increase in profits outweighs the cost of the forecast, it would be worth investing in it.
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The marginal physical product of labor is Group of answer choices the slope of the total output curve at the relevant point. the negative of the slope of the total output curve at the relevant point. the slope of the line connecting the origin with the relevant point on the total output curve. the negative of the slope of the line connecting the origin with the relevant point on the total output curve.
Answer:
The slope of the total output curve at the relevant point.
Explanation:
A marginal physical product can be defined as the extra output which is being generated by using an extra input. This ultimately implies that, marginal physical product of labor refers to the change in the level of output that is generated from using an additional unit of labor.
Mathematically, marginal physical product of labor is given by the formula;
Marginal physical product of labor = ΔY/ΔL
Where, ΔY is the change in total physical output.
ΔL is the change in labor.
In the short run, when the number of workers are increased it would result in a diminishing marginal product with respect to the law of diminishing marginal returns.
The marginal physical product of labor is the slope of the total output curve at the relevant point.
For instance, if brainly producing 50 answers decides to employ one more tutor and is then able to produce 55 answers, the marginal physical product of labor is simply 5.
which best describes alphabet's strategy for deciding when to transition from telework to in-person work?
During the COVID-19 pandemic, the parent business, Alphabet, has carefully switched from telework to in-person work.
The business has made it clear that it won't switch to in-person labor until a number of conditions are satisfied, such as a sharp decline in the incidence of COVID-19 in the neighborhood, the accessibility of immunizations, and adherence to local laws.
Employees at Alphabet are free to continue working remotely if they so wish, further demonstrating the company's flexibility in its strategy. Overall, Alphabet's plan places a high priority on employee safety and well-being while also taking into account the needs of the business and the changing pandemic environment.
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which of the following is correct regarding posting a transaction? multiple choice question. posting means to transfer journal information to a ledger. posting takes place once during an accounting period. posting means to enter transactions into a journal.
Posting means to transfer journal information to a ledger is correct regarding posting a transaction.
An agreement that has been fulfilled between a buyer and a seller to trade products, services, or financial assets in exchange for cash is referred to as a transaction. How a business utilises accrual basis or cash basis will determine when a transaction is documented.
A transaction record is posted in accounting when it is transferred from a journal to a general ledger, which holds all of a company's financial accounts. A ledger organises transactions by accounts, such as assets or liabilities, whereas a journal records items in a chronological order. General ledgers are used by accountants to produce financial statements or other records. In order to build a well-organized general ledger, the accountant will need to maintain precise records of the business' financial activities.
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Should highschoolers have nap time?
Best answer gets brainliest and 100 points!
What are the goals of CRM and social media marketing
Answer:
A company moves their focus onto customers who are active on different social media platforms, to both offer customer service on social channels, and to optimize their own service by collecting customer data via these channels. The long-term goal of Social CRM is to increase customer satisfaction and revenue.
Explanation: