In 2009, the imaginary nation of Mainland had a population of 7,000 and real GDP of 210,000. In 2010 the population was 7,300 and real GDP of 223,380. Over the year in question, real GDP per person in Mainland grew by Select one: a. 2 percent, which is high compared to average U.S. growth over the last one-hundred years. b. 2 percent, which is about the same as average U.S. growth over the last one-hundred years. c. 4 percent, which is high compared to average U.S. growth over the last one-hundred years. d. 4 percent, which is about the same as average U.S. growth over the last one-hundred years.

Answers

Answer 1

Over the year in question, real GDP per person in Mainland grew by 2 percent, which is about the same as average U.S. growth over the last one-hundred years.

Real GDP per person is used to determine the standard of living of a population. The higher the real GDP person, the higher the standard of living.

Gross domestic product is the total sum of goods produced in an economy over a period of time.

Real GDP is GDP that has been adjusted for inflation.

The first step is to determine the real GDP per capita in both years

2009 : 210,000 / 7,300 = 30

2010 : 223,380 / 7,300 = 30.60

Growth rate of GDP = (30.6 / 30 - 1) = 2%

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Related Questions

One reason we have seen continued growth in home-based businesses is:________
a) it is less risky to start a home-based business than other types of entrepreneurial ventures.
b) affordable technology makes it easier to compete.
c) the location offers a more secure operational environment.
d) people need something to do while they wait to return to work for a large corporation.

Answers

Answer:

a

Explanation:

What are the Human Resources Teasha needed to open her business?

Answers

The human resources that will be required by Teasha to open her business include a receptionist, cashier, and salesperson.

From the information given, Teasha has graduated from school and wants to open her own business. She has experience working in a gift store and wants to have her own gift store too.

Therefore, she'll need a receptionist, a cashier, and a salesperson. The receptionist will welcome customers and answer phone calls from clients.

The cashier will help with issuing and receiving payments. Lastly, the salesperson will be responsible for helping the customers find items in the store and increasing sales.

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What's the difference between shares, dividend and debenture?

Answers

Answer:

Share is the capital of the company, but Debenture is the debt of the company. ... The income earned on shares is the dividend, but the income earned on debentures is interest. The payment of dividend can be made only out of current profits of the business and not otherwise.

Explanation:

when brainstorming, you should go for quantity over quality.

Answers

Answer:

False

Explanation:

The following statement is false and that is because quantity is only going to get you so far in any sort of business aspect. If you focus on quality then the consumer will keep coming back for more because what your selling is just that good to the consumer, if you focused on quantity and what you're selling isn't good then the consumer won't come back for your product which is why you need to focus on your quality rather then your quantity.

Hope this helps.

there is a growing demand of a firm of architects and engineers in developing countries like Nepal justify​

Answers

Answer:

yes the developing countries not only Nepal but India also I am in great need of such wonderful master architects and engineers . To develop their country condition they need search architects and engineers for their development

Which of the following serves as an incentive for entrepreneurs in a market economy?

Answers

Answer:

Entrepreneurs are people who take the risks of organizing productive resources to make goods and services. Profit is an important incentive that leads entrepreneurs to accept the risks of business failure.

A person who buys a used car with the money earned from working a part- time job is influenced by what factor? A. Income B. Social pressure C. Age D. Advertising​

Answers

Answer:

A income

Explanation:

hope it's helpful to you

A person who has a used car with the money earned from working a part-time job is influenced by income factors. Thus, option A is correct.

What is buy?

The term buy can mean that there is some sort of transaction that has happened between two or more parties. after buying a product or a thing, the buyer obtains custody, possession, or authority to utilize something in exchange for money in particular

As the person has worked hard and done some kind of part-time job that he has been doing it on the temporary basis and that person was doing various things too.

As the money is earned by himself, he brought the car from the money that he has earned by himself and this is money can be termed as the income earned by doing a job. Therefore, option A is the correct option.

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the u.s. unemployment rate moves up and down as the economy moves in and out of recessions. but over time, the unemployment rate seems to return to a range of ____________.

Answers

Answer:

A natural range of unemployment.

terrence’s team is very close and tends to agree on most decisions with little discussion. terrence should be concerned about

Answers

Answer:groupthink

Explanation:

Groupthink

Terrence should be concerned about groupthink.

Groupthink refers to the common opinion or group consensus suppresses people's ability to provide alternative solutions to the problem as a result all the members of the group agree on the same conclusion. The desire to promote group cohesion and deduction of common conclusion to a problem negatively affects the promotion of thinking abilities, good decision making abilities, and problem solving abilities of group mates. When a team mates derive a common conclusion without an elaborate discussion or with a little discussion. It is indicative of problem of groupthink.

Hence, Terrence should be concerned about groupthink as the team agree on most decisions with little discussion.

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The Downtown Parking Authority of Tampa, Florida, reported the following information for a sample of 250 customers on the number of hours cars are parked.Number of HoursFrequency1202493754455406137583250a-1 Convert the information on the number of hours parked to a probability distribution. (Round your answers to 3 decimal places.)a-2. Is this a discrete or a continuous probability distribution?multiple choiceDiscreteContinuousb-1. Find the mean and the standard deviation of the number of hours parked. (Do not round the intermediate calculations. Round your final answers to 2 decimal places.)b-2. How long is a typical customer parked? (Do not round the intermediate calculations. Round your final answer to 2 decimal places.)c. What is the probability that a car would be parked for more than 6 hours? What is the probability that a car would be parked for 3 hours or less? (Round your answers to 3 decimal places.)

Answers

The activities of the Downtown Parking Authority can be represented on a probability distribution table

a-1 Convert the table to a probability distribution

This is calculated as:

[tex]\mathbf{Probability = \frac{f}{Total}}[/tex]

So, we have:

[tex]\mathbf{P(1) = \frac{25}{234} = 0.108}[/tex]

[tex]\mathbf{P(2) = \frac{38}{234} = 0.162}[/tex]

[tex]\mathbf{P(3) = \frac{51}{234} = 0.218}[/tex]

And so on.

So, the table is:

[tex]\mathbf{\left[\begin{array}{ccc}x&f&P(x)\\1&25&0.108\\2&38&0.162\\3 & 51 & 0.218 & 4 & 45 & 0.192 & 5 & 20 & 0.085 & 6 & 14 &0.06 & 7 & 5 & 0.021 & 8 & 36 & 0.154 \end{array}\right] }[/tex]

a-2 The distribution type

The number of hours is from 1 to 8, and all are given in whole numbers.

Discrete probability distributions are represented by whole numbers.

Hence, the distribution is a discrete continuous probability distribution

b-1. The mean and the standard deviation of the number of hours parked.

The mean is calculated using:

[tex]\mathbf{\bar x = \frac{\sum fx}{\sum f}}[/tex]

So, we have:

[tex]\mathbf{\bar x = \frac{25 \times 1 + 38 \times 2 + 51 \times 3 + 45 \times 4 + 20 \times 5 + 14 \times 6 + 5 \times 7 + 36 \times 8}{234}}[/tex]

[tex]\mathbf{\bar x = \frac{941}{234}}[/tex]

[tex]\mathbf{\bar x = 4.02}[/tex]

The standard deviation is calculated as:

[tex]\mathbf{\sigma = \sqrt{\frac{\sum f(x - \bar x)^2}{\sum f}}}[/tex]

So, we have:

[tex]\mathbf{\sigma = \sqrt{\frac{25 \times (1 -4.02)^2+ 38 \times (2 -4.02)^2 + 51 \times (3 -4.02)^2 +.............+ 36 \times (8 -4.02)^2}{234}}}[/tex]

[tex]\mathbf{\sigma = \sqrt{\frac{1124.8936}{234}}}[/tex]

[tex]\mathbf{\sigma = \sqrt{4.80723760684}}[/tex]

[tex]\mathbf{\sigma = 2.19}[/tex]

Hence, the mean is 4.02 and the standard deviation is 2.19

b-2. How long is a typical customer parked?

This is the mean of the distribution.

In (a), we have:

[tex]\mathbf{\bar x = 4.02}[/tex]

Hence, a typical customer is parked for 4.02 hours

c-1. The probability that a car would be parked for more than 6 hours

This is calculated as:

[tex]\mathbf{P(x > 6) = P(7) + P(8)}[/tex]

So, we have:

[tex]\mathbf{P(x > 6) = 0.021 + 0.154}[/tex]

[tex]\mathbf{P(x > 6) = 0.175}[/tex]

Hence, the probability that a car would be parked for more than 6 hours is 0.175

c -2. The probability that a car would be parked for 3 hours or less?

This is calculated as:

[tex]\mathbf{P(x \le 3) = P(1) + P(2) + P(3)}[/tex]

So, we have:

[tex]\mathbf{P(x \le 3) = 0.108 + 0.162 + 0.218}[/tex]

[tex]\mathbf{P(x \le 3) = 0.488}[/tex]

Hence, the probability that a car would be parked for 3 hours or less is 0.488

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are Investments guaranteed to generate profit

Answers

Money held in a bank is generally protected by the Federal Deposit Insurance Corporation, and the U.S. government has yet to fail to meet an interest payment or fully redeem a maturing bond. Yet, yield often correlates with risk. ... But it's not going to guarantee you a real money return.

Instructions: Place the steps in the performance appraisal process in the correct order, from first to last. Rank the options below. Making Decisionsopen choices for ranking No answer Discussing Resultsopen choices for ranking No answer Taking Actionopen choices for ranking No answer Establishing Performance Standardsopen choices for ranking No answer Evaluating Performanceopen choices for ranking No answer Communicating Standards

Answers

Performance appraisal is used to compare employee performance against some standards. The steps in the performance appraisal process are;

1. Establishing Performance Standards2. Communicating Standards3. Evaluating Performance4.  Making Decision5. Discussing Results6. Taking Action

In the performance appraisal process, the supervisors will first establish the standards that will guide the operations of employees.

Next, they should inform the employees of those standards. They should examine the performances of their employees and make decisions on whether they performed well or not.

Then, they should discuss the results with them and take action on whether to reward or punish them.

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You are starting a shopping service for elderly people in your community who cannot leave their homes. Write a mission statement that clearly communicates the purpose of your business.

Answers

To write a mission statement about starting a shopping service for elderly people in your community, begin writing what your company does. In this case, start with "My company's purpose is to start a shopping service for elderly people in my community (name of your community)."

Then follow up by describing how your business plan to operate its services.

Here, you can state that "My company's purpose is to provide shopping services that allow all elderly people to experience easy and comfortable life."

Thus continue by adding the reason your company operates its services.

Finally, your mission statement can look like this:

At Brainly (name of your company), we provide shopping services to make elderly people experience an easy and comfortable life.

Hence, in this case, it is concluded that a mission statement should have the purpose, values, and goals of the company.

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What is GDP? What is the current GDP of the United States? What is the current GDP of China? When do you think China will surpass the US in GDP or will they ever?

Answers

Answer:

1. The GDP is the total of all value added created in an economy. The value added means the value of goods and services that have been produced minus the value of the goods and services needed to produce them, the so called intermediate consumption.

2. 20.94 trillion USD (2020)

3. 14.72 trillion USD (2020)

when calculating net price, why do you think loans are not deducted from sticker price even if they are typically offered to you in a financial aid package?

Answers

The reason loans are not deducted from sticker price even if they are typically offered to you in a financial aid package is that "the net price is actual money that you or any individual will be paying."

This is evident because a net price is the sticker price minus the student's financial aid, scholarships, grants, and other support.

Unlike sticker price, the net price is the college student's amount would eventually pay in his college years.

A sticker price is the whole amount of the annual or session cost of a college education.

Hence, in this case, it is concluded that college students should concentrate more on the net price instead of a sticker price.

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4. What type of documents should you file from work?
emails from colleagues

Work Party Announcements

Benefits Package Information

401K Statements

Answers

Answer:

benefits package information

Roderick possesses five hundred acres of forested property. Roderick has the right to use the land, including cutting its timber, for life. Roderick also has the right to lease the land for a period not to exceed his life. This ownership interest is:____.
a. an easement.
b. a leasehold estate.
c. a life estate.
d. a fee simple absolute.
Kelsey and Ed buy a duplex in Wells, Maine. On the death of either owner, that owner's interest in the duplex passes to his or her heirs. This is:___.
A. a joint tenancy.
B. a life estate.
C. a tenancy in common.

Answers

For the first question, Roderick possesses the forested property and he has the right to lease the land for a period not to exceed his life is ​a life estate. For the first question, Option C is correct.

Life Estate is correct because life estate makes the owner of the land have full authority over the land. This authority is valid once the owner is still alive. When the owner is no longer alive, that authority no longer holds as the ownership of the land is automatically transferred to the beneficiary who now has the authority over the land. As described in the question above, Roderick also has the right to lease the land for a period not to exceed his life.

Easement, on the other hand, can be indefinite, or for a fixed time as it grants the holder the right to use or restrict the use of another person's land.

Leasehold estate gives authority to someone that rents the land. This authority lasts for a period of time under an agreement with the owner of such land.

Fee simple absolute also gives the owner full authority over the land and this authority doesn't change like life estate.

For the second question, Kelsey and Ed buy a duplex in Wells, Maine. On the death of either owner, that owner's interest in the duplex passes to his or her heirs. This is " tenancy in common". Option C is the right answer.

Tenancy in common is the right answer as it allows the duplex to be passed to either Kelsey or Ed heirs after their death based on their wishes.

This is a feature of tenancy in common as the duplex is passed on in accordance with the wishes of the deceased’s will and not to the other joint owners.

While in a joint tenancy, when either Kelsey or Ed, dies the duplex will totally be transferred to the surviving tenant.

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Another name for a bankdraft is ​

Answers

Answer:

bank cheque

Explanation:

HOPE IT HELPS

Answer:

............bank cheque............

What are three causes and effects of the haymarket square riot

Answers

effects:

increased anti-labour and anti-immigrant sentiment and suspicion of the international anarchist movement

Causes:

Haymarket Square turned into a riot after someone threw a bomb at police.

Which of these is NOT a social cause that a
nonprofit could serve?
A. religion
B. charity
C. education
D. capitalism

PLEASE ANSWER!

Answers

D capitalism would not be a nonprofit because it is growth with money using money and making profit

what are the outputs of the production process with regards to goods and services​

Answers

Answer: they will go faster

Explanation: it does a thing.

hey yall school has been soo hard lately so any tips to do good in school?

Answers

How to Do Well in School

Attend class regularly.

Pay attention in class.

Do homework routinely.

See the teacher for help.

Review what you're learning on a regular basis.

Learn from mistakes..

Make school a priority.

Work hard, play hard.

There u go

Answer:

make a schedule in order to effectively get it all done. also, don't take advantage of studying, I used to not study enough, but then I just added an extra 30 min of studying time, and it improved my grades from a B+ to an A!! Just keep focus without destractions, you get a text, silence your phone until your finished, trust me, it will be hard to ignore everything and focus, but again, worth it. (sry for the typos, I have somewhere to be, but I hope I helped!)  

Explanation:

which of part of the marketing plan is a summary of the key points and should be completed after the rest of the marketing plan has been written?

Answers

Answer:

The executive summary

Explanation:

Becuase it is the highlight and important part of the marketing plan, you cannot do the summary first.

The executive summary is a part of the marketing plan is a summary of the key points and should be completed after the rest of the marketing plan has been written. The company's top items are listed along with an explanation of their attractiveness to the intended market.

What is the key point of marketing?

To encourage lucrative customer activity, firms market their goods and services for a variety of reasons. Marketing's goal is to persuade customers to take advantageous actions. Marketing is embraced by businesses and brands to ensure their ongoing success.

An executive summary, as the name implies, gives a quick review of your marketing strategy. It provides an overview of your brand objectives, marketing goals, and related activities in one or two pages and summarizes the main findings of your marketing research.

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what are two key characteristics of the growth stage of the product life cycle?

Answers

The two key characteristics of the growth stage of the product life cycle are "sales volume improves considerably, and profit begins to increase."

The growth stage of a product is when the product is "getting accepted among consumers widely, and the customer line is getting created.

During this period, the sales of the product increased, but there is still room for maturity.

At the same time, the product begins to yield profits for the owners due to a reduction in the cost of production and more sales.

Hence, in this case, it is concluded that the growth stage in a product life cycle is one of the stages entrepreneurs need to watch out for.

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When Tyler, a veteran, started his business, he knew he had to keep costs to a minimum and he worried about taxes. He planned to build and distribute safety goggles for construction workers and military personnel. He realized most of his business would not be through walk-in customers but rather large orders from companies. He chose to locate in a government-subsidized area called a(n) __________, where he would receive tax breaks and other government support.

Answers

Tyler chose to locate his business in an area which government offer subsized tax rate and tax break in other favor job creation called an enterprise zone.

Areas which are specially offered subsidized rate of taxes in other encourage economic development of such geographical area are called enterprise zone.

In other ensure that companies locate their offices in this zones, government offers support and gives other enticing offers in other to promote job creation in such environment.

Therefore, government - subsidized rates are enjoyed in enterprise zones.

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when the fed decreases the discount rate, banks will

Answers

When the Federal Reserve increases the discount rate banks become more cautious and tend to hold extra reserves. Because banks hold extra reserves, this money will not increase through multiple deposit creation and the money supply will decrease.

Jordan gets confused and uses his credit card to get $40 in cash from an ATM instead of using his debit card. Based on this agreement, what is the impact of this decision

Answers

The impact of Jordan making this mistake is an extra Credit charges that will be impose on the Cash withdrawn.

Simply put, a Credit Card are offered to people by banks for purpose of making purchases or cash advances and requires them to pay back the loan amount in the future.

However, a Debit Card is quite different because it is issued by banks to an account-holder or facilitate easy withdrawal from his/her account through the ATM or at any Point of Sales.

Now, Jordan can use his Credit Card as well but he will be required to pay back the amount he withdrew with an extra Credit charges.

Therefore, in conclusion, the impact of Jordan making this mistake is an extra Credit charges that will be impose on the Cash withdrawn.

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Activities involved in buying and selling goods on a large scale.

a) gross domestic product

b) inflation rate

c) labor force

d) business cycle

e) recession

f) monopoly

g) fiscal policy

h) monetary policy

i) commerce

j) price fixing

Answers

Answer:

I think answer is price fixing

Considering the impact of inflation, why is investing important?

Answers

Answer: An economic concept, the rate of inflation is important as it represents the rate at which the real value of an investment is eroded and the loss in spending or purchasing power over time. Inflation also tells investors exactly how much of a return (in percentage terms) their investments need to make for them to maintain their standard of living.

Explanation:

In your own words, describe how you can find distances using a scale drawing.

Answers

Well it’s very very hard
Other Questions
After my work in this chapter, I am ready to communicate about holidays and special events.To find out how Ana's party went last night, complete the following paragraph with the appropriate word from the list. OJO! You will have to conjugate some of the verbs.| reunirse | entremeses | celebrar | cumplir | disfraz | disfrazarse | invitados | llorar | mscara |Ayer Silvia _______ treinta aos y Ana le hizo una fiesta divertida. Haba mucha cerveza, vino y sodas. Tambin Ana prepar varios _____ y todos comieron un montn. Todos los _____ tuvieron que _____ de su personaje histrico favorito. Ana se puso una _____ de Mara Antonieta (Marie Antoinette) y su esposo, Jorge, se puso un _______ de Simn Bolvar. A las once de la noche, a la misma hora en que naci Silvia, todos _____ para ______el momento.Assessment questionContinue reading about Ana's party. Complete the paragraph with the appropriate word from the list. OJO! You will have to conjugate some of the verbs.| velas | brindis | pasarlo | pastel | anfitriona | gritar | recordar | felicidades | regalos |Hicieron un _____ y todos: __________!. Luego, empezaron a comer el _______ de cumpleaos. Esta vez no tena _____, porque Silvia no quera ______ cuntos aos cumpla. A la medianoche, Silvia abri sus ______. Su novio, Ral, le dio un iPod y Silvia empez a ______. La fiesta acab a las tres de la maana. Todos ______ muy bien y, antes de salir, todos le dieron las gracias a la ______, que haba preparado (had prepared) una fiesta tan buena. La celebracin fue un xito total! why is it more difficult to get out of debt when only paying the minimum payment? flow chart of orpheuse AND EURYDICE You are at your friends house when you find a six-pack of beer in the garage. Your friend suggests you take the beer and drink it at the park down the road. Which responses demonstrate good refusal strategies in this situation? Check all that apply.No, that doesnt sound good to me.How about we just drink one?Lets just play basketball at the park instead.I think I am just going to go home.All right, if you think its okay. Which sentence most clearly describes the structure of a story (Explain you answer)A. All of the problems the charcters stem from their immaturityB. Science Fiction elements fills a story thats mostly abot growing upC. Exposition is thin in the story; the audince has to do a lot of guessingD. The main conflict is between a hiker and the dangers of nature Helppppppp! In one paragraph describe how Beowulf influenced modern literature f(x)=x+2, g(x)=3x-5, find (f* g)(x) Please help me!!20points!! Slove 4x - c = k for x Need the following answers for Calcium bromide + potassium hydroxide A) Balanced chem equation B) TIE C) NIE help please i do not understand ____ is the green pigment in plants and algae that absorbs light I need help please. I need help please I need help please Why are punctuation marks important and why do you have to put them when writing something? [tex]1+2x=4x+9[/tex] A pharmacist divides 364 pills into prescription bottles. Each bottle contains 28 pills. How many bottles does the pharmacist fill? what is the industrial revolution?what are its characteristics? The earliest humans were found to be living in Bogota in what year? Peter Pan was fired from his job at the Peanut Butter factory because he is being replaced by RoboCop (a highly efficient peanut butter machine). Latasha wrapped 2 presents every 10 minutes. At that rate, how many would she wrap in 20 minutes?