Hi! The previous tutor answered this question already. I am just confused about the number of days in a year. The tutor uses 365 days, isn't 360 days? Since the question doesn't state any exact value, but only it assumes so I think it is 360 days, right? If the tutor's answer is correct, please enlighten and describe further why is it 365 days and not 360 days. This is the question:  Find the present value on Oct. 9, 2020, if the amount on February 4, 2021, is Php. 4,600 with a discount rate of 3 4/5 %

Q: The average starting salary for engineers was $8,000 a year in 1985. John, amechanical engineer, got…

A: Consumer price index measures the average change in price over time that consumers pay for a basket…

Q: A company selling widgets has found that the number of items sold, x, depends upon the price, p at…

A: Firms produce goods and services and sell them in the market to maximize their level of profit…

Q: What is the strong stationarity principle of a time series?

A:

Q: Economic time series are maintained and published by some government agencies such as the Census…

A: Economic series published by the Census bureau and labor Bureau statistics using time series…

Q: A country's nominal GDP was 10 billion euros in year 2000. In the next ten years, nominal GDP…

A: Nominal GDP measures a country's gross domestic product using current prices or market value of…

Q: Click here for the Excel Data File a. Determine a linear trend line for expected freight car…

A: Given,Freight car loadings over an 18-week period at a busy port are as…

Q: During a year, Janina received the following distributions from a Canadian ETF she still holds:…

A: “Since you have posted multiple questions, we will provide the solution only to the first question…

Q: The following is a linear trend fitted to a series expressed in logs. log(7₁) 3.2947 +0.0195 where t…

A: Given,the following is a linear trend fitted to a series expressed in logs.

Q: The figure below graphs log GDP for periods t = 1, t = 2, t = 3, t = 4, and t = 5. log GDP log 115.…

A: GDP stands for Gross Domestic Product, and it is a key economic indicator that measures the total…

Q: Identify the difference between nominal GDP and real GDP; you must use the defined concepts and the…

A: GDP (Gross domestic product) calculates the present market value of commodities and services…

Q: The lanussi Legal Aide office assisted 110 people in June, 2020, with a staff labor cost of $3,880.…

A: Growth in productivity means growth in output over a certain level of input over a certain period of…

Q: Rail freight carloads and intermodal container traffic and changes are a telltale of supply chain…

A: A supply chain is a network of businesses, individuals, organizations, and resources involved in the…

Q: Spain's current real GDP (YO) is €326 billion, and grows at a constant rate of 1.1%. Portugal's…

A: Given, Current real GDP of Spain= 326 billion            GDP growth rate of Spain= 1.1%…

Q: Expected inflation is π e = 0.03 (3 percent) and the nominal interest rate is it = 0.06 (6 percent).…

A: Calculate the expected real rate of interest, you can use the Fisher equation, which relates the…

Q: Year Units of Output Price Per Unit 1 20 $ 4 2 25 4 3 30 6   Assume an economy that is producing…

A: CPI is measured using fixed basket of goods.

Q: Refer to the table above.  What is the growth rate in real GDP from 2020 to 2021? Answer this as a…

A: GDP stands for Gross Domestic Product. It is a method used to measure the economic activity and…

Q: If the economy's real GDP doubles in 9 years, we can not say anything about the average annual rate…

A: In the standard of 70, the "70" addresses the profit or the distinct number in the recipe. Partition…

Q: In April 2020, the Canadian economy lost about 2 million jobs amid the Covid-19 crisis. According to…

A: Step 1a.Between March and April 2020, Canada witnessed a sharp rise in unemployment from 7.8% to…

Q: Assume that the average or mean monthly household consumption expenditure for Malaysia rose from…

A: (i) Every 1 percent increase in household wealth leads to an increase of RM5 billion in consumer…

Q: PLS HELP ASAP

A: For the first question the correct answer is A. Alpha is greater than 0.For the second question the…

Q: 1995 costs. With labor data from a country for selected years from 1995 and projected to 2050, the…

A: The Consumer Price Index (CPI) measures the change in prices paid by consumers for goods and…

Q: Write the formula for the rate of return?

A: Answer - Rate of return = Rate of return is the return is profit or loss on the investment in the…

Q: In 1974, one could buy a theater for $1.25. Today the same theater ticket costs $6.50. Which pair of…

A: Note: Since there is no information on the options for the pair of CPIs, with the given information,…

Q: The United States gross national product in trillions of dollars for the latter half of the 1980s is…

A: “Since you have posted multiple questions with multiple sub-parts, we will provide the solution only…

Q: Consider the following data. Period -2.24 1 2 3 4 5.4 What is the mean growth rate over these five…

A: Here the give data is : PeriodRate of return (%)1-6.22-8.03-4.241.855.4Using formula ,

Q: The following is the graph of the natural log of UK real GDP per capita between 1875 and 2014: Based…

A: We should identify the right statement following the diagram presenting the natural log of the UK…

Q: Prepare a composite (weighted) index for housing construction costs in 2008, using the following…

A: Weighted index is fraction of that years cost compare to total cost of all the year. In this table…

Q: This shows log GDP per capita for the UK. Which of the following statements are correct? Select one…

A: The answer is given below

Q: The following is a linear trend fitted to a series expressed in thousands of dollars. T196.74…

A: Understanding the ProblemWe're given a linear trend equation representing a time series expressed in…

Q: Suppose the price level reflects the number of dollars needed to buy a basket of goods containing…

A: please find the answer below.