answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
mixas84 [53]
2 years ago
9

Economists often are interested in percentage change from one period to the next. The percentage rate of change of gross domesti

c product​ (GDP) is an important macroeconomic variable. If in 2010 GDP was​ $11,150 billion​ dollars, and GDP increased to ​$11 comma 78011,780 million in​ 2011, what is the growth rate of the U.S. economy in​ 2011?
Business
1 answer:
Andreyy892 years ago
7 0

Answer:

The growth rate of the U.S economy in 2011 was 5.65%

Explanation:

This is a simple calculation

We use this formula to calculate percent changes from one period to another:

% change = \frac{New Value - Old Vaue}{Old Value} * 100

We have that the GDP for 2010 was $11,150 billion and the GDP in 2011 was $11,780 billions we then apply the formula:

% change = \frac{11,780 - 11,150}{11,150} * 100

% change = \frac{630}{11,150} = 0.056 * 100 = 5.65%

This means that the growth rate of the U.S economy in 2011 was 5.65%

You might be interested in
Gina and Bill are managers for two separate projects; both freely express their anger at work. Compared to Bill, Gina is more li
cestrela7 [59]

The answer to the question is Gina (B) is more likely to be perceived as overemotional and incompetent.

This is mainly because of her gender – since Gina is female, and females are often stereotyped as highly influenced by feelings when exhibiting their behaviors, thus, she will be judged as overemotional due to this. She would also be judged as more incompetent than Bill.

3 0
1 year ago
Suppose that you start working for a company at age 25. You are offered two rather unlikely, but quite enticing, retirement plan
Harlamova29_29 [7]

Answer:

Total amount= $600,000

Explanation:

Giving the following information:

Suppose that you start working for a company at age 25.

<u>Option 1:</u>

$20,000 for each year of work.

Number of years of service= 55 - 25= 30 years

<u>Now, the total retirement plan:</u>

Total amount= 30*20,000= $600,000

8 0
1 year ago
Wessner Corporation has provided the following information: Cost per Unit Cost per Period Direct materials $ 6.20 Direct labor $
monitta

Answer:

d. $13.00

Explanation:

contributon margin = selling price - variable cost

sales price: $25 per unit

<u>list of variable cost:</u>

Direct mateirals              6.20

Direct labor                     2.80

variable overhead           1.45

sales commisions            1.00

adminsitrative variable<u>   0.55  </u>

total variable cost         12.00

$25 selling price per unit - $12 variable cost per unit =

$13 contribution margin per unit

This is the amount each units "contributes" to ay the fixed cost and make a gain during the period.

6 0
1 year ago
Shamas famous restaurants expects to pay a common stock dividend of $1.50 per share next year (d1). dividends are expected to gr
Tpy6a [65]

The company's external equity comes from those funds raised from public issuance of shares or rights. The cost of external equity is the minimum rate of return which the shareholders supply new funds <span>by </span>purchasing<span> new shares to prevent the decline of the market value of the shares. To compute the cost of external equity, we should use this formula:</span> 

Ke<span> = (DIV 1 / Po) + g</span> 

Ke<span> = cost of external equity</span> 

DIV 1 = dividend to be paid next year 

Po = market price of share 

g = growth rate 

In the problem, the estimated dividend to be paid next year is $1.50. The market price is $18.50 and the growth rate is 4%. 

<span>Substituting the given to the formulas, we need to divide $1.50 by $18.50 giving us the result of 8.11% plus the growth rate; this would yield to the result of 12.11% cost of external equity.</span>

8 0
1 year ago
A townhouse is purchased for $475,000. If the transfer tax is $2.00 on the first $1,000. and $0.10 for each additional $100., ho
masya89 [10]

Based on the information given the amount of the transfer taxes is $476.

Using this formula

Total transfer tax=[(Purchased price+ First transfer tax)×(Additional tax)]+Transfer tax

Let plug in the formula

Total transfer tax=[($475,000-$1,000)×($0.10/$100)]+$2

Total transfer tax = ([$474,000 x .001] + $2)

Total transfer tax=$474+$2

Total transfer tax=$476

Inconclusion the amount of the transfer taxes is $476.

Learn more here:brainly.com/question/17122829

5 0
1 year ago
Other questions:
  • A ______ is "the basic interpretive mechanism to let people know what an organization is doing and are sent out to editors and r
    15·1 answer
  • The following information was taken from the accounting records of Gorky Corporation for the year ended December 31, Year 1: Cas
    6·1 answer
  • PoolPak produces climate-control systems for large swimming pools. The company's customers are more concerned about service supp
    7·1 answer
  • Jervis sells $75,000 of its accounts receivable to Northern Bank in order to obtain necessary cash. Northern Bank charges a 5% f
    11·1 answer
  • Which PESTEL factors are the most salient for the electric vehicle segment of the car industry? Do you see a future for electric
    13·1 answer
  • ​Moe's Pizza Shop sells a large pizza for​ $12.00. Unit variable expenses total​ $8.00. The breakeven sales in units is​ 7,000 a
    15·1 answer
  • On January 1, 2021, Wright Transport sold four school buses to the Elmira School District. In exchange for the buses, Wright rec
    9·1 answer
  • 3. Bob, a minor, contracted with Pioneer Temporary Staffing Agency, LLC, an employment agency, for the agency to find a job for
    11·1 answer
  • A manufacturing division has an average of $1,800,000 invested in assets and earned income of $720,000. The division's return on
    12·1 answer
  • Tia and Eric went to trade school at the same time. Each graduated with an associate's degree. They have received similar perfor
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!