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viktelen [127]
2 years ago
6

Consider the following data on U.S. GDP: Year GDP (Billions of current dollars) (Billions of 2012 dollars) 2014 17,521.7 16,899.

8 2015 18,219.3 17,386.7 2016 18,707.2 17,659.2 2017 19,485.4 18,050.7 2018 20,494.1 18,566.4 Source: "National Economic Accounts."U.S. Bureau of Economic Analysis. The percentage change in nominal GDP from 2017 to 2018 was . The percentage change in real GDP from 2014 to 2015 was . True or False: The percentage change in real GDP from 2014 to 2015 was higher than the percentage change in real GDP from 2015 to 2016. True False
Business
1 answer:
saul85 [17]2 years ago
5 0

Answer:

= 5.18%

2.88%

True

Explanation:

Nominal GDP is GDP calculated using current year prices

Change in nominal GDP from 2017 to 2018 = 20,494.1 /  19,485.4 - 1 = 0.0518 = 5.18%

Real GDP is GDP calculated using base year prices. Real GDP has been adjusted for inflation

The percentage change in real GDP from 2014 to 2015 = 17,386.7 / 16,899.8 - 1 = 0.0288 = 2.88%

percentage change in real GDP from 2015 to 2016 = 17,659.2 / 17,386.7 - 1 = 1.57%

The percentage change in real GDP from 2014 to 2015 was higher than the percentage change in real GDP from 2015 to 2016

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laiz [17]

Answer:

PART A

The saying means that it should remove the economic incentives when it has reached its peak in order to prevent it from impacting negatively on the economy.

PART B

(1) It can lead to Inflation.

(2) it can lead to reduced Productivity within the economy.

Explanation:Central banks all over the world are known to put incentives and Stimulus factors in place in order to help improve, resuscitate or sustain the economy in terms of crisis, but the impacts of the Incentives or Stimulus programs of the central banks can lead to certain negative consequences if not effectively monitored or removed when necessary.

SOME OF THE NEGATIVE CONSEQUENCES WHICH CAN ARISE IF THE INCENTIVES OR STIMULUS PROGRAMS USED TO SUSTAIN THE ECONOMY ARE NIT REMOVED EXAMPLES INCLUDE IT CAN LEAD TO INFLATION,IT CAN LEAD TO REDUCTION IN THE OVERALL PRODUCTIVITY WITHIN THE ECONOMY ETC.

3 0
1 year ago
Excavation, Inc., uses explosives to prepare land for construction projects. Strict liability is imposed on this activity becaus
Delvig [45]

Excavation, Inc., uses explosives to prepare land for construction projects. Strict liability is imposed on this activity because The activity is extremely risky

<h3>Option (C) is correct.</h3>

<u>Explanation:</u>

Excavation activity is an extremely risky activity. This activity has many accidents associated with it. every year many people die or get injured in accidents related to excavation. So due to the high risk associated with this strict liability is imposed on this activity.

Risks associated with excavation are explosion, gas escape, flooding, etc. Other dangers like hazardous atmospheres, the possibility of fatal accidents, Falling loads can also be there. These dangers are sudden and fail to give time to workers to escape. So before undertaking such activity permission must be obtained from the government.

7 0
2 years ago
Charlotte (age 40) is a surviving spouse and provides all of the support of her four minor children who live with her (all are u
Kipish [7]

Answer:

a. $58,000

b. $6,752

c. $9,000

Explanation:

a. The computation of taxable income is shown below:-

Taxable income = Salary - Short term capital loss + Cash Prize - Greater of Standard or itemized deduction for year 2018 (assumed)

= $80,000 - $2,000 + $4,000 - $24,000

= $58,000

b. The computation of tax liability is shown below:-

Tax liability (Surviving spouse) = ($1,940) + ($58,000 - $19,400) × 12%

=  $1,940 + $38,600 × 12%

= $1,940 + $4,632

= $6,572

c. The calculation of Charlotte's child and dependent tax credit is given below:-

= ($2,000 × 4) + ($500 × 2)

= $8,000 + $1,000

= $9,000

6 0
2 years ago
You are the financial manager for a recreation center that has signed an option to purchase new elliptical machines for $22,500
maria [59]

Answer:

Present Value= $19,652.37

Explanation:

Giving the following information:

You are the financial manager for a recreation center that has signed an option to purchase new elliptical machines for $22,500 in two years. If you have an investment opportunity that guarantees 7% interest.

PV= FV/(1+i)^n

PV= 22,500/ (1.07^2)= $19,652.37

6 0
2 years ago
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Rainbow [258]

Answer:

Implementation Phase

Explanation:

After Planning, it is imporrant to carry out clarified Implementation to successfully carry out what need to be done and when. This is important to ensure your plan is achieved without fault. Sweatshop labour which is a situation where workers are employed at low wages and mostlyunder unhealthy conditions to produce products usually occurs during the implementation phase.

7 0
2 years ago
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