The keynesian contention that the short-run aggregate supply curve is horizontal is based on the assumption that there are "the horizontal region of the aggregate demand curve where there is a surplus of capacity and unemployment."
What is aggregate demand curve?The relationship between overall price level and aggregate demand is depicted by the aggregate demand curve.
The cause of the downward sloping aggregate demand curve from left to right is-
Real income effect: The real cash balance impact refers to the fact that as prices decline, real income increases and consumers can purchase more of their wants and needs.Balance of trade effect: A decline in Country X's relative price level could increase the cost of goods and services produced elsewhere, leading to an increase in exports and a decrease in imports. Imports are a withdrawal, whereas exports are an infusion.Interest rate effect: Whereas if central bank does have a specific inflation objective, low price inflation could result in a drop in interest rates. Less motivation to save is created by lower interest rates, which may also lead to the depreciation of the currency and an increase in exports.To know more about aggregate demand curve, here
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We would expect the inventory turnover ratio for a luxury auto dealer to be __________ than the turnover for a convenience store.
We would expect the inventory turnover ratio for a luxury auto dealer to be lower than the turnover for a convenience store.
Inventory turnover is a financial ratio that demonstrates how frequently a company sells and replaces inventory over a specific time frame. The days it takes to sell the company's inventory on hand can then be determined by multiplying the number of days in the period by the inventory turnover formula.
Businesses can improve their decisions about pricing, production, marketing, and the acquisition of new inventory by calculating inventory turnover.
Inventory turnover gauges how quickly a business sells its stock. Poor sales and possibly surplus inventory, commonly known as overstocking, are indicators of low turnover. It can be a sign that the products being sold have a flaw or that there has been insufficient promotion.
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Answer:lower
Explanation:
The cost to replace or replicate property at today prices is described by________.
The cost to replace or replicate property at today prices is described by replacement value of property.
Replication of actor properties is trustworthy. The client will not always be informed of every change that occurs to a property on the server, but eventually the property of the client version of the Actor will mirror the value on the server.
Replication over networks in Unreal is lightning-fast and bandwidth-effective. The networking architecture is server/client authoritative. Motion, physics, and prediction based on characters and vehicles "simply work" right out of the box. Unreal will automatically copy objects' properties, structs, and references across the network.
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To achieve the maximum benefit of a new erp system, tasty baking implemented an enterprise system by?
To achieve the maximum benefit of a new erp system, tasty baking implemented an enterprise system by customizing less than 5 percent of the enterprise system processes.
What is enterprise system?This refers to an information system, which caters for a wide range of data or information, so that a business or an organization can effectively manage their operations.
One of the importance of enterprise systems is that it ultimately reduce the cost of running a business. Here, the company will have more of its budget free to increase customer service capabilities or invest in other assets that can improve the customer experience.
In other words, they are large complex computing systems which handle large volumes of data and enable organizations to integrate and coordinate their business activities.Enterprise system is a cross- functional information system that provides organization-wide coordination and integration of the key business processes. Enterprise system helps in planning the resources of an organization.Learn more about enterprise system here: https://brainly.com/question/1917506
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Workers who have voluntarily left their job, have seasonal work, or need to retrain to keep up with skills demanded in the labor force are included in the _______.
employees who have voluntarily left their job, have seasonal work, or want to retrain to maintain up with talents demanded in the exertions force are included within the lengthy-time period, seasonal, and real.
Frictional unemployment is the end result of people voluntarily leaving their jobs. people who've resigned from their jobs and graduates looking for their first jobs need time to find employment, leaving them unemployed within the period in-between.
Unemployment can be labeled as
frictional, cyclical, structural, institutional.Frictional unemployment is a type of unemployment that arises when workers are trying to find new jobs or are transitioning from one job to other. it is a part of natural unemployment and as a result, is present even if the economy is considered at full employment.
In case you end your job without "excellent cause connected with the work" you can not be eligible to acquire benefits. "suitable purpose linked with the paintings" manner that your cause for leaving ought to be directly related to your process, and be so compelling which you had no choice but to go away the job.
Let us understand this concept of seasonal unemployment with the help of an example: There are a few seasonal crops, i.e., plants that yield simplest in a selected season, e.g., the Rabi or the winter vegetation. Farmers operating for the yield of these crops could be seasonally unemployed at some stage in the other time of the year.
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A movement along the phillips curve shows that the unemployment rate and inflation rate are.
A movement along the Philips curve shows that the unemployment rate and inflation rate are inversely related
What is the relationship between inflation and unemployment shown by the Phillips curve?According to the Phillips curve, there is an inverse link between unemployment and inflation. Lower unemployment is linked to higher inflation, and the opposite is true. In the 20th century, the Phillips curve served as a conceptual framework for macroeconomic policy, but the stagflation of the 1970s called into question its validity.
What does the Phillips curve graph show?A graphic depiction of the economic link between the rate of unemployment (or the rate of change in unemployment) and the rate of change in money earnings is the Phillips curve. Named after economist A. William Phillips, it suggests that when unemployment is low, salaries tend to increase more quickly.
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Evaluating a product idea to determine its likelihood of success is technological forecasting. product evolution. product windowing. product screening. estimating
Evaluating a product idea to determine its likelihood of success is technological forecasting product screening. The stage of the new product development process known as idea screening comes after idea (or concept) generation. It is based on data from experience and market research and frequently involves the use of scoring models, checklists, or personal assessments.
Idea screening guarantees that the product development process satisfies both corporate goals and customer expectations for every firm. A crucial phase of developing a new product is idea screening. It's common for a new product idea to need to be screened before development can move forward.
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Companies that purchase inventories that are primarily in finished form for resale to customers are known as:_________
Companies that purchase inventories that are primarily in finished form for resale to customers are known as merchandising.
Merchandising is any practice that contributes to the sale of products to a retail patron. At a retail in-keep level, vending refers to showing merchandise that is for sale in an innovative way that entices clients to purchase greater gadgets or merchandise.
Any top for sale is merchandise, a few examples consist of groceries in a grocery store, clothes in a retail keep, electronics on an internet site, or raw materials in a production warehouse. If someone can sell the object or buy the item, then it's the product.
Vending refers to the advertising and income of merchandise. merchandising is most usually synonymous with retail sales, where companies sell merchandise to purchasers. merchandising, more narrowly, may additionally talk over with the advertising and marketing, promotion, and advertising and marketing of products intended for retail sale.
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According to rogelberg (2019), of the time each week that a manager spends in meetings, how many hours, on average, are unproductive?
According to Rogelberg (2019), each week a manager spends around 23 hours in meetings on an average.
Research suggests that of the 23 hours that executives spend in meetings each week, on average, eight are unproductive. Some 90% of people report day-dreaming in meetings, and 73% admit that they can use/ use the meeting time to do some other productive work.
Quantity does not mean quality. The number of meetings has risen over the years, while the quality has dropped. Not only are meetings becoming more ineffective, but they've also become more expensive.
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Take what youâve learned from game theory and apply it to the framework of an oligopoly. which of these strategies can work like a silent form of cooperation?
The firms always match other cartel firms' price cuts but don't match price increases.
Why Do Oligopolies Exist?A market structure known as an oligopoly consists of a limited number of businesses, none of which can prevent the others from exerting significant influence. The concentration ratio calculates the largest companies' percentage of the market.
A market with a monopoly has just one producer; one with a duopoly, two; and one with an oligopoly, three or more. An oligopoly can have as many firms as it wants, but the number must be so low that each firm's decisions have a big impact on the others.
Why Do Oligopolies Remain Stable?
The reason that such a group is stable is an intriguing question. Businesses must recognize the advantages of cooperation over economic competition in order to decide to forego competitiveness and instead focus on the advantages of cooperation.
The companies have occasionally come up with inventive strategies to prevent the appearance of price fixing, such as utilizing moon phases. Setting prices rather than allowing the free market to decide them is known as price-fixing. Another strategy is having companies follow a known pricing leader; when the leader raises prices, the others will do the same.
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Property inventories are important to identify insurance needs and to substantiate claims.
a. true
b. false
Property inventories are important to identify insurance needs and to substantiate claims this statement is true.
Describe inventory.Both the raw materials used in production and the finished commodities that are offered for sale are included in the definition of inventory. One of a company's most valuable assets is its inventory because it is one of the main sources of revenue generation and, consequently, a source of profits for the company's shareholders.Which four sorts of inventory are there?Raw materials, work-in-progress (WIP), finished goods, and maintenance, repair, and overhaul (MRO) are the four categories of inventory that are most frequently used (MRO). Knowing the type of inventory you have allows you to manage it more effectively and practice better inventory control.Learn more about inventory here:
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Customers around the world know pepsi and consider it a primary ""go-to"" brand if they want a refreshing drink. This positioning reflects pepsi’s?
This positioning reflects Pepsi's d.) careful targeting and marketing mix.
The marketing mix includes multiple focus areas as part of your overall marketing plan. The term often refers to a general taxonomy that begins with the 4 P's: product, price, placement, and promotion. Effective marketing doesn't just stick to one message, it affects a wide range of areas.
The marketing mix, also known as the 4 P's of marketing, refers to the four key elements of your marketing strategy: product, price, location and promotion.
The question is incomplete. Please read below to find the missing content.
Customers around the world know Pepsi and consider it a primary "go-to" brand if they want a refreshing drink. This positioning reflects Pepsi's __________.
a.) operational excellence
b.) supply chain management
c.) strategic business unit control
d.) careful targeting and marketing mix implementation
e.) locational excellence
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To minimize disruptions in brokerage operations stemming from an unexpected event a broker should_________.
To minimize disruptions in brokerage operations stemming from an unexpected event a broker should have a succession plan in place before the unexpected event occurs.
For succession plan a broker can consider the following points:
Check the governing documents of the entity to see who has authority to appoint a new designated broker.
If it is seen the same person as the designated broker, an attorney should be contacted to amend the governing documents so that another person could be added to the ownership and governance of the entity.
If it requires the unanimous consent of all of the directors, members, or partners, and the designated broker is member of one of those parties, attorney is contacted to amend the governing documents to allow the remaining directors, members, or partners to appoint a new designated broker.
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What was the goal of napoleon establishing a national bank and efficient tax collection system?
Ensure a steady supply of taxes for the government was the goal of napoleon establishing a national bank and efficient tax collection system.
What is taxes?A tax is a mandatory financial charge or other sort of levy imposed on a taxpayer by a governmental entity to fund government spending and related public expenses.
A tax deduction is a provision that lowers the amount of taxable income. A standard deduction is a single, fixed-amount deduction. Itemized deductions are popular with higher-income taxpayers because they frequently have considerable deductible expenses such as state/local taxes paid, mortgage interest, and charitable contributions.
The effective tax rate is the percentage of an individual's or corporation's income that is paid in taxes. Individuals' effective tax rate is the average rate at which their earned and unearned income, such as stock dividends, are taxed.
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Creative locations, such as kiosks at the baggage claim in airports or small booths in grocery stores, represent starbucks’ effort to improve its offering on which dimension of the marketing mix?
Creative locations, such as kiosks at the baggage claim in airports or small booths in grocery stores, represent Starbucks' effort to improve its offering on the Place dimension of the marketing mix.
The marketing mix, also known as the 4 P's of advertising, refers to the 4 key factors of an advertising approach: product, charge, vicinity, and promoting.
The time period "marketing mix" is a foundation version for organizations, traditionally focused around the product, fee, region, and promotion. The marketing mix has been defined as the "set of advertising gear that the company makes use of to pursue its advertising and marketing objectives within the goal marketplace".
Dollar Tree leverages rate as an issue by means of pricing the whole thing in the shop at $1 or lower. This sends a sturdy signal to their target purchaser that they may keep money with the aid of buying at their shops. another example of a marketing mix is Tiffany & Co.
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Explain why voluntary organizations that survive on dues and small contributions from a mass membership often do best when the olitical climate is worst.
Voluntary organizations that survive on dues and small contributions from a mass membership often do best when the political climate is worst because citizens want to have faith in something.
SCVO defines voluntary organizations as non-profit pushed, non-statutory, self-sufficient and run through those who do no longer receives a commission for running the enterprise. a few voluntary companies are recognized through the Inland revenue as charities.
The purpose of voluntary organizations is to fulfil their challenge and work in the direction of the greater right in some precise manner, as opposed to to make a profit. This often method they prioritize things differently than a enterprise would do.
Examples of organizations within the voluntary quarter consist of: Charities: global imaginative and prescient, American pink pass, and YWCA. Foundations: David Suzuki Foundation, invoice and Melinda Gates basis. Social Welfare companies: Human Rights Watch, Environmental protection employer (EPA)
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Read the attached harvard business review article entitled " how to act quickly without sacrificing critical thinking.pdf how to act quickly without sacrificing critical thinking.pdf - alternative formats " and provide a 500 word summary on the approach to "critical thinking" as presented by jesse sostrin .
to act quickly without sacrificing critical thinking.
What is critical thinking?Critical thinking is the process of analyzing available facts, evidence, observations, and arguments in order to form an opinion. The topic is complicated; numerous definitions exist, but they all contain a reasoned, skeptical, and unbiased investigation or evaluation of factual facts.
Critical thinking allows people to have a better understanding of themselves, their motives, and their goals. You can modify your situation and promote personal growth and overall satisfaction if you can derive knowledge to discover the most significant pieces and apply those to your life.
Critical Thinking: Applications of Critical Thinking
We can assess outcomes, compare ideas, spot analogies, sequence events, synthesize information, and derive conclusions from a given body of knowledge using critical thinking.
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When decision making is delegated to lower-level managers and employees more familiar with local conditions than top managers it is called:_________
Decentralization is the process of moving decision-making authority down the organizational hierarchy, giving lower-level employees more responsibility and authority to make and execute decisions.
An organizational structure in which decision-making authority is delegated to subordinate managers who are more familiar with local conditions than those at headquarters. Optimal number of subordinates that a manager oversees or should oversee.
Organizations that use traditional hierarchical structures rely on vertical chains of command as the primary way to organize employees and their responsibilities.
Employee privileges increase as they move up the hierarchy. If you need leadership, you also need authority. Authority ensures that everyone under the manager's command is working toward organizational goals or facing discipline.
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A(n) ____________ compares current stock prices with those in a specified base period.
A(n) index compares current stock prices with those in a specified base period.
Stocks consist of shares in which the ownership of a company or business has been divided. A single share represents a company's partial ownership over the total number of shares.
Stocks, also called stocks, are securities that represent ownership by a portion of the issuing company. A unit of stock, called a "share", gives the owner a portion of the company's assets and a profit equal to the number of shares held.
Stocks are a type of investment in a company. Companies issue shares to fund their operational needs and raise funds to drive growth, and investors purchase those shares to earn investment returns.
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Ripley co. sold 2,000 units in march at a price of $35 per unit. the variable cost per unit is $20. what is the total contribution margin?
The total contribution margin is $30,000.
What is contribution margin?A gross or per-unit basis might be used to express the contribution margin. It indicates the additional revenue made for each product or unit sold after the variable element of the business's costs have been subtracted.The selling price per unit less the variable cost per unit is the contribution margin. The metric, also known as dollar contribution per unit, shows how a specific product affects the company's overall earnings.It offers a means of demonstrating the potential for profit of a specific product being offered by a business and displays the percentage of sales that goes toward playing the business fixed costs. Profit is the amount that remains after fixed expenses have been paid.Given, Selling price per unit, $35 − $20 variable = $15.
contribution margin per unit × 2,000 units sold = $30,000.
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The adjusting entry to record the allowance for doubtful accounts includes a ______. (check all that apply.)
It includes credit to Allowance for Doubtful Accounts
debit to Bad Debt Expense
Adjusting entries are the modifications to the previously recorded journal entries. They specifically ensure that the values you have recorded correspond to the relevant accounting periods. Journal entries show how money flows through the business how it enters, exits, and transfers between accounts.
A bad debts expenditure item is also required to balance the accounts. To do so, debit the Bad Debts Expenditure account to boost the bad debts expense. Then, credit the Allowance for Doubtful Accounts account to reduce your ADA account.
Therefore, the answer is credit allowance for doubtful debts and debit bad debt expenses.
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Do consumers benefit in any way from monopolistic competition relative to perfect competition?
Compared to perfect competition, when a consumer purchases a product from a monopolistically competitive firm, the consumer benefits from purchasing a product that is more closely suited to their tastesis more closely suited to their tastes.
In the monetary concept, best competition happens when all agencies promote identical products, marketplace proportion does now not affect the rate, groups are able to input or exit without barrier, consumers have the best or complete records, and companies can not determine fees.
In economics, specifically trendy equilibrium idea, a great marketplace, additionally called an atomistic marketplace, is described by several idealizing situations, collectively referred to as ideal opposition, or atomistic competition.
Perfect competition is a monetary term that refers to a theoretical marketplace shape in which all providers are identical and usual supply and demand are in equilibrium. For instance, if there are numerous firms producing a commodity and no person firm has a aggressive gain, there is ideal opposition.
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How does executive compensation can help manage interest over stockholder interest?
Executive compensation includes benefits such as salaries, perks, incentives, and insurance.
It's hard to read business news without encountering articles about salaries, bonuses, and stock option packages given to CEOs of publicly traded companies. It's not easy to understand the numbers for evaluating how companies are paying their top talent. Investors must ensure that executive compensation works in their favor.
The board, at least in principle, seeks to align management's actions with the company's success through remuneration agreements. The idea is that the CEO's performance adds value to the organization. “Pay for performance” is the mantra most companies use when describing compensation plans.
Most people can support the idea of paying for results, but this concept implies that the CEO takes risks. The CEO's wealth should scale with the company's wealth. When considering a company's compensation program, look at the extent to which management is involved in generating returns for investors.
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A company factored $45,000 of its accounts receivable and was charged a 4actoring fee. the journal entry to record this transaction would include a?
When a company factored $45,000 of its accounts receivable and was charged a 4% factoring fee. The journal entry to record this transaction would include.
Account Debit Credit
Cash $43,200
Factoring fees $1,800
Accounts receivable $45,000
Thus, here the factoring fee is equivalent to 4% of total accounts receivable which is calculated as= $45,000 x 4% or $1,800.
Cash received is equivalent to total accounts receivable less factoring fee of $1,800, hence cash received = $45,000 - $1,800 = $43,200.
Hence, the journal entry to record this transaction would include a debit to cash of $43,650, a debit to factoring fee Expense of $1,350, and credit to account receivable of $45,000.
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The result of ________ is that government price regulation can often become a way for existing competitors to work together to reduce output, keep prices high, and limit competition.
The result of regulatory capture is that government price regulation can often become a way for existing competitors to work together to reduce output, keep prices high, and limit competition.
Regulatory capture occurs when a government’s regulatory agency, which was created in the public interest, ends up advancing the political or commercial concerns of the very people, or companies which it is supposed to be regulation.
Regulatory capture is a form of government failure. Thus, when regulatory capture exists, the interest of political groups or companies become more important than those of the public, which leads to a net loss to society.
Hence, the answer was given and explained above.
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What is the term of shipping directly from the supplier to the end consumer rather than from the seller, saving both time and reshipping costs?.
The term which describes the shipping who directly supplies from the supplier to the end consumer rather than from the seller, saving both time and reshipping costs is "Drop Shipping."
What is drop shipping?When a vendor creates a website & sells items that they do not maintain in stock, this practice is known as drop-shipping.
Some key features of drop shipping are-
A third party, such as a manufacturer, another store, or a wholesaler, receives an order from the seller and ships the products straight to the customer.A rapidly spreading trend involves online middlemen who charge you more money by keeping the difference between both the wholesale and prices. Although drop-shipping is not prohibited, there is a lot of potential for issues and abuse on the part of both customers and sellers.Following an online purchase, the drop-shipping company sends the ordered item directly to the consumer. It provides both big and small businesses with a way to source goods, earn some extra cash, and free up some storage space.To know more about drop shipping, here
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What is the term of shipping directly from the supplier to the end consumer rather than from the seller, saving both time and reshipping costs?.
Drop shipping is the word of shipping straight from the supplier to the end consumer rather than from the seller.
Drop-shippingDrop-shipping is where a vendor sets up a website and sells products that the merchant does not keep in stock. When an order is placed, the dealer sends it to a third party — the manufacturer, other retailer, or a wholesaler — who ships the goods directly to the buyer.
By eradicating the requirement to maintain physical inventory, dropshipping lessen the management overhead traders that face. They do not require to spend time tracking inventory, operating the infrastructure that houses it, or managing shipping, which is outsourced to suppliers.
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The amount of products or services an organization can produce in a given time is known as:_______
The amount of products or services an organization can produce in a given time is known as capacity. Capacity is the maximum amount of output that a company can maintain in order to manufacture a product or provide a service.
Depending on the industry, capacity can refer to a manufacturing process, human resource allocation, technical thresholds, or a variety of output concepts. Capacity planning necessitates management's acceptance of production process constraints.
No system can operate at full capacity for an extended period of time; inefficiencies and delays make reaching a theoretical level of output in the long run impossible. Capacity assumes a constant maximum output level.
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Fiberone cereal costs about the same as apple jacks, boo berry, multigrain cheerios, cinnamon toast crunch, crispix, and corn flakes. this is an example of _______ pricing.
Fiber one cereal costs about the same as apple jacks, boo berry, multigrain cheerios, cinnamon toast crunch, Crispix, and corn flakes. this is an example of status quo pricing.
In status quo pricing, you choose to sell your product at a set price that everyone else is selling their product to.
An oft-cited example of status quo pricing is the soft drink industry. Prices for bottles of soda tend to be fairly constant, whether it's a Coca-Cola product or a Pepsi product. and Pepsi typically represents the status quo when it comes to pricing.
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During which stage of team development is there a high dependence on the leader for guidance and direction as there will be little agreement on team goals?
During Forming stage of team development is there a high dependence on the leader for guidance and direction as there will be little agreement on team goals.
Because the forming stage involves a period of orientation and getting acquainted. Uncertainty is high during this stage, and people are looking for leadership and authority. High dependence on the leader for guidance and direction. Little agreement on team objectives other than those received from the leader. Individual roles and responsibilities are unclear.
Orientation is the act or process of orienting or the state of being oriented.
Leadership is the art of motivating a group of people to act toward achieving a common goal.
Responsibilities are the quality or state of being responsible.
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If a country’s nominal gdp is growing at 4.4% annually, annual inflation is running at 2.3%, and the population growth rate is 0.5%, what is the growth rate of real per capita gdp?
If a country’s nominal GDP is growing at 4.4% annually, annual inflation is running at 2.3%, and the population growth rate is 0.5%, 1.6% is the growth rate of real per capita GDP
A comprehensive measure of US economic activity. GDP measures the value of final goods and services produced in the United States (intermediate goods and services used in that production are not counted twice).
Steal the key. GDP can be calculated by summing all consumer, business, and government spending over a period of time. It can also be calculated by summing all funds received from all participants in the economy. In both cases, the numbers are estimates of "nominal GDP".
When GDP increases, the economy is in good shape and the country moves forward. On the other hand, if the gross domestic product falls, the economy will struggle and the country could lose its footing. A recession is usually defined as two consecutive quarters of negative GDP.
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