Growth rate of its real GDP
Assume an economy’s real GDP is $30,000 in year 1 and $31,200 in year 2. Describe the growth rate of its real GDP? Suppose that population was 100 in year 1 and 102 in year 2. Explain rate of GDP per capita?
Expert
Growth rate of real GDP will be 4 percent (= $31,200 - $30,000)/$30,000). GDP per capita in year 1 will be $300 (= $30,000/100). GDP per capita in year 2 is $305.88 (= $31,200/102). Growth rate of GDP per capita is 1.96 percent is ($305.88 - $300)/300).
Clarify the duties of the financial manager within a business firm.Financial managers measure the firm's performance, find out what the financial consequences will be if the firm maintains its present course or changes it, and suggest how the fi
Normal 0 false false
TVM Appendix B: Using the TI-83/84 Time Value of Money Problems on a Texas Instruments TI-831 Before you start: To calculate problems on a TI-83, you have to go into the applications menu, the blue “APPS” key on the calculator. Several
Reversion: The return of the unused part of an appropriation to the fund from which the appropriation was made, usually two years (that is, four years for federal funds) after the last day of an appropriation’s accessibility period. The Budget A
How do mergers influence communities?While a locally controlled bank is merged into a bank headquartered elsewhere (an out-of-market merger), some of the apprehension regarding the institution's future commitment to the local community is bound
Bond Funds: For legal basis budgeting aims, funds utilized to account for the receipt and disbursement of non-self liquidating common obligation bond proceeds. Such funds do not account for the debt retirement as the liability made by the sale of bond
Suppose that in a specific year the natural rate of unemployment is 5 percent and the actual rate of unemployment is 9 percent. Employ Okun's law to fin out the size of the GDP gap in percentage-point terms. If the nominal GDP is $500 billion in that year, how much ou
Refund to Reverted Appropriations: It is a receipt account to record the return of monies (example, abatements and reimbursements) to appropriations which have reverted.
18,76,764
1952075 Asked
3,689
Active Tutors
1429090
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!