If nominal GDP was reported at $137.9 billion and real GDP was reported at $134.5 billion, what was the inflation rate for the period? (Enter your answer as a percent rounded to 2 decimal places. Omit the "%" sign in your response.)Inflation %

Answers

Answer 1

To calculate the inflation rate when nominal GDP is $137.9 billion and real GDP is $134.5 billion, follow these steps:

1. Find the GDP deflator: Divide nominal GDP by real GDP and multiply by 100.
GDP deflator = (Nominal GDP / Real GDP) * 100
GDP deflator = ($137.9 billion / $134.5 billion) * 100
GDP deflator ≈ 102.53

2. Calculate the inflation rate: Subtract 100 from the GDP deflator and round to 2 decimal places.
Inflation rate = GDP deflator - 100
Inflation rate = 102.53 - 100
Inflation rate ≈ 2.53%

So, the inflation rate for the period is 2.53%.

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Related Questions

The effectiveness of an organization's HR management function depends largely upon...
The wages of the HR department
The hierarchy of the HR department
The amount of people in the HR department
The quality of people in the HR department

Answers

The effectiveness of an organization's HR management function depends largely upon the quality of people in the HR department.

The HR department is responsible for the recruitment, selection, training, and development of an organization's workforce. As such, the quality of people in the HR department plays a critical role in the success of the organization.

HR professionals must possess the necessary knowledge, skills, and competencies to effectively manage human resources in a dynamic and changing environment. They must be able to understand and interpret complex laws and regulations governing employment practices, manage employee relations, and develop and implement HR policies and procedures that align with the organization's strategic objectives.

Additionally, HR professionals must be able to communicate effectively with employees at all levels of the organization and be skilled in conflict resolution, problem-solving, and decision-making. Therefore, the quality of people in the HR department is essential to the success of an organization's HR management function.

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Percent of Sales Method At the end of the current year, Accounts Receivable has a balance of $815,000; Allowance for Doubtful Accounts has a credit balance of $7,500; and sales for the year total $3,670,000. Bad debt expense is estimated at 1/2 of 1% of sales. a. Determine the amount of the adjusting entry for uncollectible accounts.

Answers

The amount of the adjusting entry for uncollectible accounts using percent of sales method is $18,350. Adjusting entry for uncollectible accounts: Uncollectible accounts expense = 1/2% of sales = $3,670,000 × 1/2% = $18,350.

The allowance for doubtful accounts already has a credit balance of $7,500. Therefore, the adjusting entry will be for the difference between the balance required and the present balance in the allowance for doubtful accounts. Accounts receivable and the allowance for doubtful accounts are both balance sheet accounts. The income statement account is the uncollectible accounts expense which is estimated and is only adjusted at the end of the year. Therefore, the adjusting entry is: Debit Uncollectible accounts expense $18,350, Credit Allowance for doubtful accounts $10,850, Accounts receivable $7,500. Therefore, the amount of the adjusting entry for uncollectible accounts using percent of sales method is $18,350.

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Why is money management important? How would you rate your own money management?

Answers

Answer:

because it has money

Explanation:

Answer:

Money management is important because you should have a balance of bills to pay, and money you keep for fun. If you don't have this then you might have to pay to much money for bills, and you not having enough to pay them off.

Explanation:

To use self-managed teams to improve productivity, management must reinvent work by: Multiple select question. centralizing authority respecting workers allowing autonomy developing workers' skills

Answers

In order to improve productivity, management must reinvent work by:

respecting workersallowing autonomydeveloping workers' skills

What is an improve productivity?

This refers to the when a firm is getting more out of what is put in as resources towards the employees.

Generally, there is need to reinvent the act of respecting workers, allowing autonomy and developing workers' skills to improve productivity.

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A market supply schedule shows the relationship between


please!!!!!!

Answers

Answer: A supply schedule is a table that shows the quantity supplied at different prices in the market. A supply curve shows the relationship between quantity supplied and price on a graph.

Explanation: I HOPED THAT HELPED,!

What best describes the main purpose of a budget

Answers

Explanation:

A budget helps create financial stability. By tracking expenses and following a plan, a budget makes it easier to pay bills on time, build an emergency fund, and save for major expenses such as a car or home. Overall, a budget puts a person on stronger financial footing for both the day-to-day and the long term.

which of the following scenarios best describes an oligopolistic industry? a a college has one bookstore selling textbooks to students. b coca-cola and pepsi sell most of the soft drinks consumed around the world. c thousands of soybean farmers sell their output in a global commodities market. d hundreds of firms produce similar, but differentiated, types of shoes. e a single cable company serves customers in a small town.

Answers

The scenario best describes an oligopolistic industry as Coca-Cola and Pepsi sell most of the soft drinks consumed around the world. Thus the correct option is B.

What is the oligopolistic industry?

Small numbers of suppliers control markets in an oligopoly. These markets are regarded as the opposition to other sectors or emerging industries. They stand particularly strongly behind their products and services in the marketplace.

The majority of soft drinks consumed on a regular basis around the world are sold by Coca-Cola and Pepsi, who fiercely compete in this oligopolistic market.

Therefore, option B is appropriate.

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In functions of business, what is an example of accounting?

Answers

Answer:

A few examples of management accounting reports are aging of accounts receivable, inventory levels, monthly sales and status of accounts payable. Internal accounting reports are also used for the preparation of budgets and forecasts.

u.s. multinational corporations have located plants producing goods for american markets in low-wage, less developed countries (ldcs). this phenomenon is called . group of answer choices

Answers

US multinational corporations have located plants producing goods for American markets in low-wage, less-developed countries (LDC). this phenomenon is called outsourcing. In this case, option C is correct

Outsourcing is a business strategy that involves contracting out specific business processes or functions to third-party providers, rather than keeping them in-house. It is a popular practice used by businesses to improve efficiency, reduce costs, and focus on their core competencies.

The outsourcing process typically involves identifying a specific business process or function that can be performed more efficiently or cost-effectively by an external provider. The business then selects a third-party provider and negotiates a contract that specifies the services to be provided, the performance standards, and the pricing structure.

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US multinational corporations have located plants producing goods for American markets in low-wage, less developed countries (LDC). this phenomenon is called. group of answer choices

a. outreaching

b. exporting

c. outsourcing

d. importing

e. outlying

What are the three types of threats against information and information systems?

Answers

The three types of threats against information and information systems are malware, advanced persistent threats and distributed denial-of-service attacks.

What processes do information systems use?

Information about a company and its surroundings can be found in an information system. The information that businesses need is produced by three fundamental processes: intake, processing, and output. Feedback is output that is sent to the right individuals or groups inside an organization so they can assess and improve the input.

Which four information systems are there?

The information technology platform is made up of the first four elements: hardware, software, databases, and networks. These elements could then be used by information technology professionals to build information systems that monitor risk, safety, and data management.

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What are some things that the presenter can do to engage the audience?

Answers

Answer:

Wow

Explanation:

Co

Answer:

Start your presentation by making them think. Ask them a question, or start with statistics. Make your presentation as relatable as it can possibly get. DON'T repeat yourself. I causes the audience to get board. Don't tell them why your presentation matters, show them. Be confident and do your best. It spreads a positive message and the more confident you seem on the topic and on the presentation the more people will want to listen.

Explanation: BELIVE IN YOURSELF AND DO YOUR BEST, if it still doesn't go well, life might be trying to tell you something.

Hope this helps! I know you'll do great!

which structure is the primary site for the production of polypeptide chains? group of answer choices mitochondrion

Answers

The ribosome is the primary site for the production of polypeptide chains in cells.

The ribosome is the cellular structure responsible for the production of polypeptide chains. It serves as a molecular machine that translates the genetic information stored in RNA molecules into protein sequences. Ribosomes can be found in the cytoplasm of cells and also on the endoplasmic reticulum (ER) in eukaryotic cells. During translation, the ribosome reads the messenger RNA (mRNA) and synthesizes a polypeptide chain by linking amino acids together in the correct sequence. This process plays a central role in protein synthesis and is essential for cellular functioning.

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ward johnson worked 45 hours last week at $8 per hour. he receives time and a half for all hours over 40 hours. what was his gross pay for the week?

Answers

Ward Johnson's gross pay for the week was $380. To calculate Ward Johnson's gross pay for the week, we need to consider his regular pay and overtime pay. He worked 45 hours, out of which 40 hours are considered regular and 5 hours as overtime.


Step 1: Calculate regular pay
Regular hours: 40 hours
Hourly rate: $8
Regular pay = Regular hours x Hourly rate = 40 x $8 = $320
Step 2: Calculate overtime pay
Overtime hours: 5 hours
Overtime rate: $8 x 1.5 (time and a half) = $12
Overtime pay = Overtime hours x Overtime rate = 5 x $12 = $60
Step 3: Calculate gross pay
Gross pay = Regular pay + Overtime pay = $320 + $60 = $380
In conclusion, Ward Johnson's gross pay for the week, considering his 45 hours of work with time and a half for all hours over 40, was $380.

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Jamal and keisha are considering entering into an agreement to trade tasks. how can specialization of labor benefit jamal and keisha? check all that apply. jamal can specialize in washing cars, because he has the comparative advantage. keisha can specialize in washing cars, because she has the comparative advantage. specialization allows them to collectively mow 3 more lawns and wash 3 more cars every three days. specialization allows them to collectively mow 12 more lawns and wash 27 more cars every three days. specialization allows them to earn more money.

Answers

The ways in which specialization of labor can benefit them would be: Keisha can specialize in washing cars because she has a comparative advantage.

What is Specialization of Labor?

Specialization of Labor is a division of labor that involves breaking down activities into a simpler set of tasks so that each participant participates hand in hand and no individual is being overworked, and to promote efficiency.

From the given information, the correct options are:

Keisha can specialize in washing cars because she has a comparative advantage.Specialization allows them to collectively mow 3 more lawns and wash 3 more cars every three days.Specialization allows them to earn more money.

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Answer:

B C E

Explanation:

What is the difference between features and benefits?

Answers

Answer:

The difference between features and benefits: A feature is a part of your product or service, while a benefit is the positive impact it has on your customer

Answer:

Explanation:

A feature is a part of your product or service, while a benefit is the positive impact it has on your customer.

Business
12 questions please help!!

Business 12 questions please help!!

Answers

Answer:

Fill in the blanks

Explanation:

Answer: 1. Unsecured loans 2. Business credit card 3. Unsecured loan 4. Small Business Investment Companies 5. Reserve Fund 6. Routine 7. Operating costs 8. Secured loan 9. Commercial Debt Financing 10. Small Business Administration 11. Sound 12. Venture Capital Firm

Explanation:

MetLife was able to dramatically expand its global footprint by acquiring Alico, a global player in the insurance business, from AIG in 2010 when AIG was in financial distress. This shows that not all diversification moves erode performance.

a) true

b) false

Answers

Answer:

True

Explanation:

It is true that not all diversification erodes performance. That is it is not all diversification moves that reduces performance or destroys it. Sometimes diversification could lead to greater risks or greater costs of investment. By diversifying and acquiring Alico metlife was able to increase and expand globally

which section of title vii states that it is not a violation if an employer refuses to hire or to discharge an employee who is unable to meet the requirements for a national security clearance where federal law or regulations require such a clearance for the job in question?

Answers

703(m) of Title VII section of title vii states that it is not a violation if an employer refuses to hire or to discharge an employee who is unable to meet the requirements for a national security clearance where federal law or regulations require such a clearance for the job in question.

What is title VII religious exemption??

In accordance with Title VII of the Civil Rights Act, businesses must make reasonable accommodations for their employees' honestly held religious views, practises, and observances. Employment discrimination based on religion is also prohibited.

What are examples of religious accommodations?

Schedule adjustments (arrivals, departures, floating/optional holidays, flexible work breaks, and any other scheduling adjustments); voluntary shift substitutions and/or swaps; job reassignments, such as changes of position tasks and lateral transfers; and modifications are examples of religious accommodations.

What is an example of a religious belief?

Examples of religious views are as follows: the conviction of some Christians that wearing a cross as a representation of your faith is appropriate. the notion that a woman should cover her body or head when practising Islam. the acceptance of intelligent design or creationism.

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Expanding Access to Capital for Rural Job Creators Act.

Answers

The Expanding Access to Capital for Rural Job Creators Act would require the Securities and Exchange Commission to submit an annual file on the capital challenges rural small groups face and enable Congress to decide if legislative action is needed.

Expanding Access to Capital for Rural Job Creators Act.

U.S. Congressman Henry Cuellar’s (D-TX-28) bipartisan Expanding Access to Capital for Rural Job Creators Act handed in the House of Representatives. Congressman Alex X. Mooney (R-WV-2), Congressman Chris Pappas (D-NH-1), and Congresswoman Teresa Leger Fernandez (D-NM-3) co-sponsored the Act to survey the issues small groups in rural areas face when attempting to get right of entry to capital.

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1.Why is GDP / Capita a more accurate way of determining the well-being of a people?
2.What is the difference between nominal GDP and real GDP?
3.How is economic growth the same as GDP? How is it different from GDP?
4. Explain the four phases of the business cycle

Answers

Answer:

1. GDP is an indicator of a society's standard of living, but it is only a rough indicator because it does not directly account for leisure, environmental quality, levels of health and education, activities conducted outside the market, changes in inequality of income, increases in variety, increases in technology. 2. Real GDP is accurate to hundreds of dollars; nominal GDP is accurate to thousands of dollars. 3. Nominal GDP is an assessment of economic production in an economy that includes current prices in its calculation. 4. The four stages of the cycle are expansion, peak, contraction, and trough. Factors such as GDP, interest rates, total employment, and consumer spending, can help determine the current stage of the economic cycle. Insight into economic cycles can be very useful for businesses and investors.

Explanation:

I hope this can help :)

Suppose that the price of oranges
increases from $1 to $1.10 per pound
and the quantity demanded falls from
1000 pounds to 800 pounds.
A. Calculate the price elasticity of
demand when price changes from
$1.to $1.10.
B. Are oranges elastic or inelastic at
this price point? Explain your
answer.
C. What happens to total revenue for
orange sellers when the price of
oranges increases a few cents
above $1 (total revenue increases,
decreases, stays the same, cannot
be determined)? Explain your
answer and why..
D. Assume that the demand for
oranges is a straight line, Calculate
its equation in terms of price (p)
and quantity (q).

Answers

The price elasticity of demand is -2.

B. Oranges are elastic at this price point because the price elasticity of demand is greater than 1. A price elasticity of demand value greater than 1 means that a change in price leads to a proportionally larger change in quantity demanded.

What is the  price elasticity about?

A. The price elasticity of demand can be calculated using the formula:

% change in quantity demanded / % change in price

The percentage change in price is:

(1.10-1)/1 * 100%

= 10%

The percentage change in quantity demanded is:

(800-1000)/1000 * 100% = -20%

Using these values in the formula, we get:

-20% / 10% = -2

Therefore, the price elasticity of demand is -2.

C. Total revenue is calculated as the price of oranges multiplied by the quantity sold. When the price of oranges increases, the quantity demanded decreases. The effect on total revenue depends on the price elasticity of demand. If demand is elastic (as it is in this case), the decrease in quantity demanded will be proportionally larger than the increase in price, so total revenue will decrease. Therefore, total revenue decreases when the price of oranges increases a few cents above $1.

D. We know that the demand for oranges falls from 1000 pounds to 800 pounds when the price increases from $1 to $1.10. Using the two points, we can find the slope of the straight line as:

(800-1000)/(1.10-1) = -200/0.1 = -2000

This gives us the slope of the line, which is also the coefficient of price (p) in the demand equation. Using the point-slope form of a line, we can find the equation of the line as:

q - 1000 = -2000(p - 1)

Simplifying, we get:

q = -2000p + 3000

Therefore, the equation of the demand curve for oranges is q = -2000p + 3000, where q is the quantity demanded and p is the price of oranges.

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Retailers provide value to product manufacturers by:.

Answers

Answer:

allowing manufacturers to focus on product development and production.

Explanation:

Hope it helps.

1.1 Which statement best describes financial accounting …

A. Reports are prepared for managers and users inside the organisation

B. Provides a scorecard by which the past performance of a business is judged in

the form of financial statements which are used by stakeholders outside the

organisation

C. Conduct an official financial inspection of a company or its accounts

D. A and B only

E None of the above​

Answers

I’m not sure but I am thinking is B or C but if they are then I’m sorry :(

Which of the following is most likely reason that a regulated product may go
to market?

Which of the following is most likely reason that a regulated product may goto market?

Answers

Answer:

B) it has passed testing and certification standards

Explanation: hope this helps!

Answer:

B IS CORRECT :))))

Explanation:

in a perpetual inventory system, the amount of the discount allowed for paying for merchandise purchased within the discount period is credited to

Answers

Answer:

Inventory (A)

Shock Electronics sells portable heaters for $35 per unit, and the variable cost to produce them is $22. Mr. Amps estimates that the fixed costs are $97,500.

a. Compute the break-even point in units.

Answers

Break-even point in units is 7,500 unit

Given that;

Cost of each heater = $35

Variable cost of each heater = $22

Fixed cost = $97,500

Find:

Break-even point in units

Computation:

Contribution = Sales - VC

Contribution = $35 - $22

Contribution = $13

Break-even point in units = Fixed cost / Contribution

Break-even point in units = 97,500 / 7

Break-even point in units = 7,500 unit

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7. Marianne Gorman had been an assembler for 33 years when she became permanently
disabled. Marianne was 54 years old and had planned to retire in 11 years. Her final average
salary was $41,905. The rate of benefits of the plant is 2.5%. What is her monthly disability
benefit?

Answers

The monthly disability benefit is given as $87.30.

How to solve for the disability benefit

To calculate Marianne's monthly disability benefit, we need to find the average of her highest consecutive 60 months of earnings, and then multiply that amount by the benefit rate of 2.5%.

Let's assume that her highest consecutive 60 months of earnings was equal to her final average salary of $41,905.

The monthly average of her earnings would be:

$41,905 ÷ 12 = $3,492.08

And her monthly disability benefit would be:

$3,492.08 × 2.5% = $87.30

So, Marianne's monthly disability benefit would be $87.30.

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The government can make money by borrowing from its population in the form of governmental bonds.

A. True
B. False

Answers

False I think I’m not sure tho

Answer:

False

Explanation:

Post-Assessment
Question 2 of 5
Why is buying a car considered "bad debt"?
It decreases in value over time
It increases your net worth as it build equity
It gives you transportation to and from your job
It is worth more than any other investment
Submit
Continue
E

Answers

The reason why buying a car considered "bad debt"is that It decreases in value over time. option A

What is  bad debt?

The term bad debt can be described as the amount of money that a creditor must write off as a result of a default on the part of the debtor in a case whereby the creditor has a bad debt on the books,  then things turn to uncollectible and is recorded as a charge-off.

It should be noted that a case can be regarded as bad debt because the value of the asset you receive from the loan depreciates quickly however in some cases  interest charges increase how the amount that is been paid for the vehicle.  and in thius case cost is higher compare to what it would be if you'd purchased the car outright with cash.

Hence, option A is correct.

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A company sells a plant asset that originally
cost $528000 for $194000 on December
31, 2017. The accumulated depreciation
account had a balance of $264000 after
the current year's depreciation of $44000
had been recorded. The company should
recognize a

Answers

Answer:

The company should recognize a loss of $70,000

Explanation:

Here in this question, we shall be evaluating what should be recognized in the transaction books of the company as a result of the sales of one of its plant asset.

The first thing to do here is to calculate the book value of the plant asset.

Mathematically, the book value of the plant asset = Original cost of plant asset - Accumulated depreciation value

from the question; the original cost is $528,000

while the depreciation value is $264,000

Thus, the book value of the plant asset = $528,000 - $264,000 = $264,000

Now since the company sold the plant asset at a value of $194,000, which is less than the book value of the plant asset, the company should recognize a loss

The amount of the loss = Amount at which the sold - book value of the plant asset

= 194,000 -264,000 = -70,000

Thus the company should recognize a loss of $70,000

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