In 2013, the price index was 147.6 and nominal GDP was $6830 billion. In 2014, the price index was 144.9 and nominal GDP was $6807 billion. What was inflation between 2013 and 2014? Give your answer a
Answers
In 2014, the price index was 144.9 and nominal GDP was $6807 billion. Between 2013 and 2014, the inflation rate was approximately 1.53%.
To calculate inflation between 2013 and 2014, we need to use the following formula:
Inflation = ((Price index in year 2 - Price index in year 1) / Price index in year 1) x 100
Substituting the values given in the question, we get:
Inflation = ((144.9 - 147.6) / 147.6) x 100
Inflation = (-0.018 x 100)
Inflation = -1.8%
Therefore, inflation between 2013 and 2014 was -1.8%.
To calculate the inflation between 2013 and 2014, follow these steps:
1. Calculate the Real GDP for both years by dividing the Nominal GDP by the Price Index and multiplying by 100.
Real GDP (2013) = (Nominal GDP (2013) / Price Index (2013)) * 100
Real GDP (2013) = ($6830 billion / 147.6) * 100
Real GDP (2013) = $46,263.98 billion
Real GDP (2014) = (Nominal GDP (2014) / Price Index (2014)) * 100
Real GDP (2014) = ($6807 billion / 144.9) * 100
Real GDP (2014) = $46,969.98 billion
2. Calculate the inflation rate between 2013 and 2014 using the formula:
Inflation rate = [(Real GDP (2014) - Real GDP (2013)) / Real GDP (2013)] * 100
Inflation rate = [($46,969.98 billion - $46,263.98 billion) / $46,263.98 billion] * 100
Inflation rate = ($706 billion / $46,263.98 billion) * 100
Inflation rate ≈ 1.53%
Between 2013 and 2014, the inflation rate was approximately 1.53%.
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Related Questions
as your mother tells you the items she wants you to pick up at the grocery store, you will have a tendency to recall the items at the beginning and end of the list. this effect is known as
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The tendency to recall items at the beginning and end of a list is known as the serial position effect. It's a common phenomenon that occurs because our working memory can only hold a certain amount of information at once.
As your mother tells you the items she wants you to pick up at the grocery store, your brain is processing and trying to store each item in your memory. However, the items that are presented at the beginning of the list have a higher chance of being stored in your long-term memory because they were the first items presented. Similarly, the items at the end of the list are also more likely to be remembered because they were the last items presented. This effect has been studied extensively in psychology, and it's been shown to have practical applications. For example, if you're trying to remember a list of items, you can use strategies like chunking or repeating the items to help improve your memory. If you're presenting information to others, you can use the serial position effect to your advantage by putting important information at the beginning or end of your presentation to increase the chances of it being remembered.
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What is a similarity between a term life insurance policy and a whole life insurance policy?
OA
OB
Both provide coverage for the policyholder's medical and outpatient surgery costs
Both can be held by the policyholder for a minimum of 5 years and a maximum of 25 years,
Both include a cash value component that the policyholder can receive at the end of the policys term,
Both provide financial compensation to the beneficiaries upon the policyholder's death,
Ос. .
OD
Answers
A similarity between a term life insurance policy and a whole life insurance policy is that both provide financial compensation to the beneficiaries upon the policyholder's death. The correct option is d.
Term and whole life insurance are two of the most frequent types of life insurance. Whole life insurance is a type of permanent life insurance that lasts as long as you live (provided you pay your premiums). It also includes a cash value account, which is a form of savings account that grows tax-free over time and can be withdrawn or borrowed from while you are living. Term life insurance, on the other hand, is only valid for a set number of years (the term) and has no monetary value.
Term insurance only protects you for a set number of years, whereas whole life insurance protects you for the rest of your life—if you can keep up with the premium payments. Whole life insurance rates might be five to fifteen times higher.
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What types of information can you find on a job search website
Answers
Answer:
1. info about position and how to apply
Explanation:
2) ratings and reviews about companies
3) overview of company
Which of the following will cause an increase in Supply for the Short-Run Macroeconomic model?
A. Lower prices will increase the demand.
B. Higher prices to encourage competition.
C. The addition of only highly skilled workers.
Answers
Higher Prices can encourage competition and cause an increase in the supply for the Short-run Macroeconomic model. Therefore, Option B is the correct choice.
How supply can be increased in the short run?In the marketplace model, supply slopes up due to the profit purpose of individual firms. If a corporation receives a better price, they'll make a higher profit via way of means of selling more, so the quantity supplied will increase while the price will increase.
Therefore, Higher Prices can encourage competition and cause an increase in the supply for the Short-run Macroeconomic model. Therefore, Option B is the correct choice.
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Outline why it is important for a business owner to respond to technological and global issues when establishing a business?
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Technology enables an increase in the efficiency of systems, products, and services. It helps track and streamline strategies, hold records go with the flow, and control contacts and employee records.
In reality, this expanded efficiency in operation enables lessened costs as well as allows the commercial enterprise to develop swiftly.
Technology has vital consequences on commercial enterprise operations. Irrespective of the scale of your business enterprise, technology has both tangible and intangible advantages that will help you make money and produce the results your customers demand. Technological infrastructure affects the subculture, performance, and relationships of a business.
The use of technology has made commercial enterprises and clients closer in many areas. E-mail and Social Media are getting used for answering queries related to products and services with clients. Giving customers all feasible methods to contact the agency is simple with the latest technology and packages over the internet.
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Why do many investors choose to make diversification a key element of their
investment strategies?
O A Diversification focuses financial resources into one high-yield
investment.
B. Diversification spreads out investments to limit the risk of losing
money.
C. Diversification guarantees a stable rate of return on an
investment.
OD. Diversification increases both the risk and possible reward of
investing
Answers
So many investors choose to make diversification a key element of their investment strategies because diversification spreads out investments to limit the risk of losing money. The Option B is correct.
What is the Importance of Diversification?Diversification is a risk-mitigation strategy that allocates investment funds across various vehicles, industries, companies, and other categories in order to minimize risk and maximize returns.
Diversification is a common investing technique used to reduce the likelihood of losses. By diversifying your investments, you reduce the likelihood of your portfolio being wiped out by a single negative event affecting a single holding. Instead, your portfolio is spread across various asset classes and companies, preserving capital while increasing risk-adjusted returns.
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For which of the following goods would you expect demand to be the most responsive to a rise in price?
a.spaghetti
b.electricity
c.hospital emergency room visits
dwater for a shower
Answers
The correct answer is b. electricity. Electricity is a good with relatively elastic demand, which means that demand is very responsive to a change in price.
This is because electricity is a necessity for most people, but there are many substitutes and alternatives available that can be used to reduce consumption. For example, people can conserve electricity by using energy-efficient appliances, turning off lights when not needed, and adjusting the thermostat. Additionally, consumers can switch to alternative sources of energy, such as solar or wind power, if the price of electricity becomes too high.
Spaghetti, water for a shower, and hospital emergency room visits are goods with relatively inelastic demand. This means that demand is not very responsive to a change in price. Spaghetti and water for a shower are necessities that people will continue to buy even if the price increases because there are few substitutes or alternatives available. Hospital emergency room visits are also relatively elastic demand because people will generally seek medical treatment regardless of the cost.
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If Japan has a comparative advantage in the production of microchips,how would that affect their international trade?
Answers
Answer: countries would purchase microchips from japan because they are cheaper
Explanation:
Answer:
C countries with purchase microchips from Japan because they are cheaper.
Explanation: USATestprep
Which of the following decisions is most likely to create a temporary diseconomy of
scale? (Select the best answer.)
A)Buying supplies in bulk
B)Buying an expensive piece of machinery
C)Hiring employees who specialize
D)Using division of labor
Answers
Answer:
Buying an expensive piece of machinery
Explanation:
Which of the following leadership theories offers answers about whether there is an optimism way for leaders to adjust their behaviors with different followers in which factors should the leader base his behavior on?
Answers
Answer:
path-goal theory
Explanation:
The path-goal theory is one that gives the leader the possibility to adapt his behavior according to individual and collective needs in the work environment. This theory aims to ensure that the leader recognizes the needs of each employee and indicates the path necessary to achieve the objectives and goals of the organization.
This model aims to achieve greater motivation and productivity with a leadership model based on the fulfillment of the employee's individual expectations in relation to their work.
Annual real per capita gross domestic product (gdp) in india was roughly $2,900 in 2000. if it grew by 8 percent the following year, by 2001 the annual real per capita gdp would be:_______
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The annual real per capita GDP in India for 2001 can be calculated, we can use the given information that the GDP grew by 8 percent from 2000.
Initial value (2000): $2,900
Growth rate: 8%
To find the growth amount, we calculate 8% of $2,900:
Growth amount = 0.08 * $2,900 = $232
Then, we add the growth amount to the initial value to get the final value:
Final value (2001) = $2,900 + $232 = $3,132
Therefore, the annual real per capita GDP in India for the year 2001 would be approximately $3,132.
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licensing is a good option to enter a foreign market when:
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Answer:
Licensing is a good option to enter a foreign market when: ... Two of its competitors together control 50 percent of the market. Whenever Brental raises or lowers the prices of its products, the other two companies quickly imitate its action.
Yasmine plans to attend a four-year public university. She expects she will need to contribute $9,000 annually to her education. Which savings plan will help Yasmine save enough money to pay for one year of school, regardless of whether or not interest is earned on her savings? $600 per month for 1 year $350 per month for 2 years $225 per month for 3 years $200 per month for 4 years
Answers
Answer:
It be D: $200 per month for 4 years is the correct answer.
Explanation:
$9,000/200= 45 months = 4years
how has advertising encouraged increased productivity by both management and labor? multiple choice question.
Answers
According to the question we have ,through the promotion of the economic, social, and cultural benefits of a free society.
What is an example of productivity?Production per worker as well as output per hour are standard metrics for determining productivity. A manufacturing company may employ each employee's capacity for producing a specified number or value of goods in a certain period of time as a productivity indicator.
What does work productivity mean?Employee productivity, sometimes referred to as workforce productivity, is a measurement of a worker's or a group of workers' effectiveness. Productivity can be required to look or at productivity of a worker over a specific time.
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clarisse wants to pick up her new air fryer at target. the air fryer had been out of stock, but customer service assured clarisse that she could pick it up on tuesday after 1 pm. what do target employees use to ensure the air fryer will be in stock at the store and ready for pick up?
Answers
Mobile Task Manager (MTM) is simply known to be well customize application or software. Target employees will make use of mobile task management technology to ensure the airfryer will be in stock at the store and ready for pick up.
The Mobile Task Manager is known to assist or helps engineers and property team members to manage service request and also work order and preventative maintenance tasks on the fly or easy way.It is said to have new features to improve functionality and its use.
A project management software also as a mobile app helps one to view one's software from your mobile device from anywhere at any time.
The full question is below
Clarisse wants to pick up her new air fryer at target. the air fryer had been out of stock, but customer service assured clarisse that she could pick it up on tuesday after 1 pm. what do target employees use to ensure the air fryer will be in stock at the store and ready for pick up. What do Target employees use to ensure the airfryer will be in stock at the store and ready for pick up?
O product development software
O mobile task management technology O advanced shipping notices fulfillment centers
O routing systems
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Omar received $1,525 in gift when he graduated from high school. His pedants want him to save the money for collage, but Omar wants to buy new clothes, a watch, some CD’s, and a video game. He also needs new tires because the ones on his car are badly worn. Omar asked for your advice how should he spend his money
Answers
EconomicsAlthough GDP is a reasonably good measure of a nation's output, it does not necessarily include all transactions and production for that nation. Which of the following scenarios are either not accounted for or measured inaccurately by either the income or the expenditure methods of calculating GDP for the United States?
a. The value of baby-sitting services, when the babysitter is paid in cash and the transaction isn't reported to the government.b. The costs of air and water pollution.c. Funds spent by city governments to renovate their buildings.d. The leisure time they have.
When a U.S. company purchases and imports wood from Brazil to use to build new houses within the United States, this purchase increases the_____component of GDP while also_____net exports by the same amount. Therefore, the purchase of wood from Brazil_____in US GDP.
Answers
The following scenarios are either not accounted for or measured inaccurately by either the income or the expenditure methods of calculating GDP for the United States:
a. The value of baby-sitting services, when the babysitter is paid in cash and the transaction isn't reported to the government.
b. The costs of air and water pollution
d. The leisure time they have
The purchase of wood from Brazil, the import component of GDP increases whole net exports decreases by the same amount. The purchase of wood from Brazil decreases US GDP.
Gross domestic product is the sum of final products produced in a country within a given period. GDP can be determined using the expenditure, income or value added product.
GDP calculated using the expenditure approach = Consumption spending + Investment spending + Government spending + Net export
Items not included in the calculation of GDP includes:
1. Activities not reported to the government
2. illegal activities
3. sale or purchase of used products
4. externalities
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If the single payment factors are used when interest is compounded continuously, there are an infinite number of interest rate-time period combinations that would yield the correct answer (true or false)
Answers
If the single payment factors are used when interest is compounded continuously, there are an infinite number of interest rate-time period combinations that would yield the correct answer - False
The only interest rate-time period combination that would result in the right answer when interest is compounded continuously is the formula for continuous compounding: A = Pe^(rt). Since interest is assumed to compound continuously in this formula, interest will theoretically be calculated and added to the account balance an unlimited number of times throughout the time period.
Assuming that interest is only compounded once each time period, which is not the case with continuous compounding, makes the usage of single payment factors inappropriate for continuously compounded interest. The continuous compounding formula is the only interest rate-time period combination that would result in the correct answer.
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What quality does an organizational structure reflect?
a. the gross income of an organization
b. when an organization was established
c. how large an organization is
d. the demographics of the organization
Answers
Explanation:
d. the demographics of the organization
The owner of the rapids river rafting company wants to advertise to a broader customer base as a way to increase revenue. Employees are a little resistant to his plan. What is one way he can persuade them that this is a good idea?
Answers
Answer:
Document ways diversity played a crucial role for business in the past
Explanation:
River rafting refers to the activity of moving quickly in a small boat along rivers
The owner of the rapids river rafting company wants to advertise to a broader customer base as a way to increase revenue.
But the employees are a little resistant to his plan.
For this document ways, diversity has played a crucial role in business in the past.
So, he can follow such ways.
is it possible to have publicity on your own website why or why not
Answers
Yes it is possible for you to have publicity on your website.
Is it possible to have publicity on your own website why or why not?
Yes, it is possible to have publicity on your own website. Publicity refers to any form of promotion or advertising, and a website can be used as a platform to promote and advertise a business, product, or service. By having a website, you can create content such as articles, videos, images, and infographics that can be used to showcase your products or services and attract visitors to your site.
Additionally, you can also use various digital marketing techniques such as search engine optimization, pay-per-click advertising, social media marketing, and email marketing to promote your website and attract more visitors. In summary, having a website gives you a powerful platform to promote your business and attract potential customers.
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If you want to know whether a company had a profit or a loss during a specific period of time, which financial statement would be most helpful?
A.
Statement of owners' equity
B.
Cash flow statement
C.
Balance sheet
D.
Income statement
Answers
Answer:
The answer is D. Income statement
Explanation:
Answer:
D. income statement
Explanation:
i took the test
Why might it make sense for a mature, slow-growth company to have a high debt ratio?
Answers
It does not make the sense for a slow-growth company to have a high debt ratio because high debt ratio is not considered good for the company as it would effect its creditworthiness.
What does high debt ratio means?A high debt ratio means a high risk investment because the business might not be able to make enough money to repay its debts.
If a debt ratio is more than 1.0 or 100% that means a company has more debt than its assets, which would effect its growth and efficiency.
Basically, It is not good for any company especially for slow-growth company to have high debt ratio.
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Why do you think it’s important to find a career that matches your personality? Come up with an example (real or made-up) of a person who has a career/personality conflict and explain what might be some negative consequences of having a career that doesn’t match your personality traits.
Answers
What is a subcontractor
Answers
Answer:
business or person that carries out work for a company as part of a larger project.
Explanation:
A hun
Nielsen gathers data on millions of people to help marketers gain __________ to use to create strategic marketing decisions.
Answers
The gathering of data to create strategic marketing decisions is called customer insight.
What is customer insight?Customer insight is an analysis employed by businesses to know how their audience feel and think about their products and services. Here, a business is able to build deep customer empathy beyond understanding of what they required.
The purpose of customer insight is to increase the effectiveness of a product or services through interpretation of trends.
Hence, Niesen employs customer insight to help marketers gain and create strategic decisions.
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While on a trip, the Mendoza family decided to buy a painting which cost 500. The art dealer would not accept a personal check or credit cards. What method could be used to pay for the painting
Answers
Net banking is the method could be used to pay for the painting, as the art dealer would not accept a personal check or credit cards.
What is Net banking?Netbanking, normally referred to as internet banking, is a computerized way to carry out financial written account online. Any person with a bank account can activate and use this computerized system for their financial transactions.
Net banking, ordinarily referred to as online banking, is always accessible. Customers have access to a variety of financial services through net banking, including the ability to open fixed deposits and recurring deposits, transfer funds, and examine transaction history.
Thus, net banking.
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A nursery has $50,000 of inventory in dogwood trees and red maple trees. the profit on a dogwood tree is 28% and the profit on a red maple tree is 18%. the profit for the entire stock is 20%. how much was invested in each type of tree?
Answers
Answer and Explanation:
Let us assume the following things
x = dogwood inventory percentage
and, (50,000 - x) = red maple tree inventory percentage
And, the amount of profit is
= $50,000 × 0.20
= $10,000
Now the equation would be
0.28x + 0.18 × ($50,000 - x) = $10,000
0.28x + $9,000 - 0.18x = $10,000
0.10x = 1,000
x = 10,000 = dogwood
So, the red maple would be
= 50,000 - 10,000
= 40,000
anyone know PNC banks atm fees?
Answers
Answer:
$500 i think is the answer
Explanation:
hope it helps
How is a debit card different from a credit card?
A. A debit card is usually issued by a financial institution.
B. A debit card provides a way for people to make large purchases.
C. Spending on a debit card is limited to the funds available in an
account.
D. Spending can occur via a digital payment method.
Answers
Answer:
C
Explanation:
because thats wat ist is.- limited funds