GDP calculates the monetary value of the final goods and services—those purchased by the consumer—produced in a nation during a specific time period (say a quarter or a year).
By GDP, what do you mean?The term "Gross Domestic Product," or GDP, refers to the total monetary worth of all finished goods and services produced (and marketed) within a nation within a specific time period (typically 1 year). The most often used indicator of economic activity is the GDP. It accounts for all the output produced inside a nation's boundaries. Consequently, it also accounts for the revenue generated by that manufacturing, or the total amount spent on finished goods and services (less imports).
To know more about GDP visit:
https://brainly.com/question/30111703
#SPJ4
market power and externalities are two possible causes of market failure.
Yes, Market power and externalities are two possible causes of market failure.
Externalities and market power are two potential reasons why markets fail. Market power describes a company's or a small group of companies capacity to control the market price of a good or service. When a company or group of companies has market power, they are able to set prices higher than they would in a market where there is competition.
This might cause the market to fail. Externalities are expenses or advantages that are not included in a good's market price. They happen when a market player's activities have an effect on another market participant who is not a party to the transaction. If these external costs or advantages are not internalised, the market may fail.
Read more about market power on:
https://brainly.com/question/8643867
#SPJ4
How do communist command economies answer the economic questions?
A command economy, inside its purest form, answers these three economic problems by allocating resources as well as goods through markets where prices were established.
A command economy, inside its purest form, addresses the three economic questions through determining allocation decisions centrally even by the government.
Government planning answers the problems of what products and services have been produced, the way they seem to be produced, as well as for who they have been produced in such a command economy. Financial activity are made by the government for such benefit of society.
To know more about command economy
https://brainly.com/question/30281949
#SPJ4
how much does the average american pay in taxes annually
Answer:
the average american pays 28.4% in 2021
What kinds of goods tend to have inelastic supply?
The most common goods with inelastic demand are serviceability, tradition medicines, and tobacco products.
In general, musts and medical treatments tend to be inelastic, while luxury goods tend to be most elastic. One illustration of a good with inelastic force is housing. However, it's delicate and time consuming for businesses to make further homes or for landlords to find further parcels to rent, If casing prices increase.
Impeccably inelastic products would be commodity like air or water, and no bone can really circumscribe that at this point in time. The most common products that are inelastic would be food, tradition medicines, and tobacco products. Another product that could be considered close to impeccably inelastic would be gas.
To learn more about inelastic demand, visit here
https://brainly.com/question/30103518
#SPJ4
What is the importance of communication in selling process?
Answer:
more buyers
Explanation:
it advertises a product to people
a licensed sales associate decides to have personalized key rings made. which statement is true regarding the key rings?
The name of the real estate brokerage firm for which the associate works must be printed on the key rings.
A licensed sales associate is a professional who is licensed to sell products and services in a retail setting. They are responsible for providing excellent customer service, helping customers find the right product for their needs, and ensuring that all transactions and sales are completed in a timely and accurate manner.
They must also be knowledgeable about the products they are selling, and be able to answer any questions that customers may have. Licensed sales associates must also be able to work in a fast-paced environment and be able to handle multiple tasks at once.
--------The following question is incomplete, the complete question is:
"A licensed sales associate decides to have personalized key rings made. What should be the most important detail about the key ring."----------
To know more about associate, click here.
https://brainly.com/question/28259496
#SPJ4
What are the 3 uses of profits?
The 3 uses of profits are that, they tend to provide a measure of success of a business which is important for the new businesses. They are also known to be the best source of finance/capital in order to invest.
Economic profit is said to be crucial as it tends to help in order to asses a company's profitability and as well as its financial performance. Thus, it tends to show that whether a particular business can cover its expenses and bring revenue to stakeholders.
However, the profit is also called as the net income and is the amount of the earnings which tends to exceed expenses for the period. Thus, profits are also known to be the best source of finance/capital in order to invest.
To learn more about the stakeholders here:
https://brainly.com/question/28625232
#SPJ4
New managers often think that they will have to do what they think is best for the organization.a. Trueb. False
New managers often think that they will have to do what they think is best for the organization is True.
The organization is a group of skilled people with a same goal to perform business or government agencies. The organization is also known as company in which the people comprising more than 100 people which having the particular purpose.
The role of manager in an organization is to take the responsibility or leadership role and manages a team or groups of employee to perform the task.
The New managers often think that they will have to do what they think is best for the organization that they will have doubts about their competencies and ability to handle the responsibilities of their new role.
To know more about organization here,
https://brainly.com/question/12825206
#SPJ4
Workers in the United States enjoy a high standard of living because:a. unions in the United States keep wages highb. we have protected our industry from foreign competitionc. the United States has a high minimum waged. workers in the United States are highly productivee. none of the above is true
Workers in the United States enjoy a high standard of living because the workers in the United States are highly productive.
Workers in the United States tend to enjoy a high standard of living because the workers in the United States are considered to be highly productive. Thus, even the governments are said to be increasing the quantity of money too much.
However, a decrease in the inflation tends to temporarily increase the unemployment. So, if the minimum wage is set too high or if it is increased too much, then this may then have unexpectedly the large impacts on the labor costs.
To learn more about the standard of living here:
https://brainly.com/question/10629222
#SPJ4
what bid strategy goal should be used to create a custom strategy with multiple ers, roas, and cpa targets?
Smart Bidding strategies are sometimes referred to as Conversion and Revenue strategies. On top of these pre-existing ones, you can create a custom strategy with different ERS, ROAS, and CPA targets. This is known as advanced targeting.
What do we understand by Revenue strategies?Any successful business would agree that growing revenue through their sales approach is their primary focus. Unfortunately, despite how simple this appears to be, many business owners and marketers may find it difficult, complicate the process unduly, and eventually fall short of their goals. Setting quantifiable goals and putting a solid strategy in place is critical for overall business success, as well as for laying the groundwork for alignment between your marketing and sales objectives.
A revenue plan is one that aims to maximise both short- and long-term sales potential in order to boost corporate earnings. It is critical to have a concentrated strategy of this type because raising revenue is nearly impossible without a planned action plan.
To learn more about strategy,
https://brainly.com/question/25492268
#SPJ4
In terms of strategic positioning, which two general strategies may be chosen by a company?
A. Revenue production and cost enhancement
B. Activity-based costing and value chain emphasis
C. Cost leadership and product differentiation
D. Increasing customer value and decreasing supplier orientation
E. Product differentiation and cost enhancement
In terms of strategic positioning, companies may choose to pursue one of two general strategies: cost leadership or product differentiation. Here option C is the correct answer.
The cost leadership strategy focuses on reducing costs and being the low-cost producer in the industry. This allows companies to offer lower prices than their competitors, which can be a major advantage in attracting price-sensitive customers.
Product differentiation strategy focuses on creating a unique product or service that offers superior value to customers compared to competitors. This can be achieved through features, design, quality, performance, or other factors that set a product or service apart.
Increasing customer value means that the company aims to understand and exceed customer expectations through the design, delivery, and continuous improvement of products and services.
To learn more about strategic positioning
https://brainly.com/question/24851851
#SPJ4
are used in the pharmaceutical industry to assess the risk of introducing a new drug. a. simulations b. data dashboards c. charts d. spreadsheet models
Simulations, data panels, graphs and spreadsheet models are tools used in the pharmaceutical industry to assess the risk of introducing a new drug. Simulations are used to run experiments and test potential outcomes, while data dashboards are used to provide visualizations of data and trends.
Charts are used to display information in a graphical format and show relationships between different variables. Spreadsheet models are used to create detailed financial models that can help the pharmaceutical industry assess the impact of introducing a new drug. All of these tools are used to assess the risk of introducing a new drug and help industry make informed decisions about the development, manufacture and marketing of new products.
To know more about spreadsheet click here
https://brainly.com/question/29219980
#SPJ4
every point in the edgeworth box is... select one: a. not pareto efficient b. pareto efficient c. egualitarian d. a feasible allocation respecting the 'no-goods-to-be-discarded' rule. e. a feasible allocation; all feasible allocations are displayed in the edgeworth box.'
An allocation is at any point in the Edgeworth Box.
An Edgeworth box, also known as an Edgeworth-Bowley box, is a visual representation of a market with just two consumers and two items, X and Y.
Francis Ysidro Edgeworth introduced the Edgeworth box in his 1881 book Mathematical Psychics: An Essay on the Application of Mathematics to the Moral Sciences, which bears his name. Edgeworth's original two-axis illustration was transformed by Pareto into the well-known box diagram in his 1906 Manual of Political Economy, and Bowley later popularised it in an explanation. The Edgeworth-Bowley box is the name given to the diagram in modern times.
To know more about Edgeworth Box, refer to this link:
https://brainly.com/question/17199540
#SPJ4
purchasing a building for $95,000 by paying cash of $5,000 and signing a note payable for $90,000 will question content area bottom part 1 a. decrease both total assets and total liabilities by $5,000. b. decrease total assets and increase total liabilities by $5,000. c. increase both total assets and total liabilities by $90,000. d. increase both total assets and total liabilities by $95,000.
Out of the alternatives provided, it is to be ascertained that purchasing a building for $95,000 by paying cash of $5,000 and signing a note payable for $90,000 will increase both total assets and total liabilities by $90,000. Therefore, the option C holds true.
The assets and liabilities of an accounting firm determines and represents the financial position that it has. When a capital is being brought in it leads to an increase in its assets, however, when it is being brought on credit, the liabilities also tend to increase.
Learn more about assets and liabilities here:
https://brainly.com/question/14287268
#SPJ4
What is the main economic problems faced by the society Mcq?
The main economic problem faced by the society is scarcity. In economics, the idea of scarcity conveys the opportunity cost of allotting limited resources. Scarcity affect the economic development of the country.
The economic resources are inadequate to fulfill human wants and needs. Human wishes are unlimited, but the norms to satisfy human wants are finite. Scarce goods are those for which demand would surpass supply if they were unrestricted. Everyday resources like clean air and a sustainable environment have been increasingly acknowledged as scarce goods with costs as well as importance. Scarcity can also be used to convey the relative availability of production intakes or the reduction in the pool of a resource or product relative to demand over time.
To learn more about scarcity in economics visit here:
https://brainly.com/question/4747543
#SPJ4
How has technology helped production?
Higher quality is the key benefit of industrial technological advancements. Human error is less likely to have an effect on industrial robotics and automation are heavily utilised. Artificial intelligence will enable early error detection, improving the effectiveness of findings.
How do you define industrial robotics and automation?
The term "manufacturing technology" refers to practises and methods designed to raise the standard, productivity, and standards of production. Quality control, shop floor management, inventory control, employee training, and manufacturing equipment and software are all included. Technology has led the way in advancing industries ever since the Industrial Revolution. In today's industrial company, manufacturing technology plays a key role in a number of ways.
To know more about Artificial intelligence visit:
https://brainly.com/question/23824028
#SPJ4
the ending balance of the retained earnings account appears in
The ending balance of the retained earnings account appears in the equity section of the balance sheet.
Retained earnings refer to the portion of a company's net income that is kept by the business rather than being distributed as dividends to shareholders. The retained earnings account is a component of a company's equity, which is reported on the balance sheet. The ending balance of the retained earnings account represents the cumulative amount of net income that has been retained by the company since its inception, minus any dividends that have been paid out.
This balance can also be affected by any changes in the company's net income or dividends during the reporting period. In summary, the ending balance of the retained earnings account is an important metric as it shows how much profit a company has retained to reinvest back into the business or use for future growth.
To learn more about retained earnings visit: https://brainly.com/question/15175380
#SPJ4
What restriction would the government impose in a closed economy what restriction would the government impose in a closed economy?
In a closed economy, the government would impose the limitation of forbidding trade with other countries.
To limit commerce, a government may try to impose protectionist measures like tariffs and quotas. Although these measures may halt or curtail trade with a specific nation, a closed economy would require a total prohibition on trade with all other nations.
A closed economy is characterized as being very resource independent and self-sufficient. This sort of economy uses local resources to manufacture its goods and services rather than engaging in international trade. Because they rely mostly on themselves, governments of closed economies are more prone to ban commerce with other countries.
To know more about Closed Economy, refer to this link:
https://brainly.com/question/15827068
#SPJ4
who does the term responsible staff member refer to?answer the person who is responsible for performing most of the project work. the person responsible for approving the request. the person responsible for submitting the request. the person who should be the primary contact person for the project.
The term responsible staff member refers to the person who should be the primary contact person for the project. Hence, the correct option is (D).
What Is A Responsible Staff Member?In a group, each member will have their own duties and responsibilities. One of the responsibilities given to members is called a responsible staff member. Basically, a responsible staff member is a member who has the responsibility to replace the duties of the on-site manager when the on-site manager is unable to attend. Therefore, the task of the responsible staff manager is to supervise and also be the primary contact when the on-site manager is absent or absent.
The question is incomplete, but most probably your question was:
The term responsible staff member refers to
A. The person who is responsible for performing most of the project work
B. The person responsible for approving the request
C. The person responsible for submitting the request
D. The person who should be the primary contact person for the project
Learn more about group development at https://brainly.com/question/10061787
#SPJ4
what are two potential rewards of being an exceptional manager?
a. The ability to earn more than most workers
b. Fringe benefits, such as a large office or stock options
The two potential rewards of being an exceptional manager are the ability to earn more than most workers and Fringe benefits, such as a large office or stock options.
A manager who excels in this area is someone who has mastered the art of inspiring others to reach their objectives. Outstanding managers do duties including planning, organizing, leading, managing, and coaching much better than average managers. A group of people can be inspired and led toward a common goal by them.
Communication abilities are improved in managers who listen well. They allow people to express themselves. Because they are well aware of the organization's goal, they can communicate it to their team in a way that motivates them. They update their coworkers on corporate happenings.
To know more about a manager, visit the link below::
brainly.com/question/28017308
#SPJ4
The complete question is:
what are two potential rewards of being an exceptional manager?
a. The ability to earn more than most workers
b. Fringe benefits, such as a large office or stock options
c. The ability to make decisions without being questioned
d. A guarantee of employment in one's chosen field
The requirement is to compute the fixed, variable, total and the average cost per cup at different levels of sales. Given that, Fixed costs is $ 800 Variable cost per cup is $ 0.54
The average cost for each cups of coffee per weeks are:
2,000 cups per week = $0.942,100 cups per week = $0.922,200 cups per week = $0.90The average cost per cup of coffee decreases as the cups of coffee increases.
Based on the case, we know that:
Fixed cost = $800
Variable cost = $0.54 per cup
Q1 = 2,000
Q2 = 2,100
Q3 = 2,200
Total cost ?
Average cost ?
To find the total cost of each cups of coffee per week, we can use the total cost formula:
Total cost = Fixed cost + (Variable cost x Quantity per week)
Q1 = 2,000
Total cost = $800 + ($0.54 x 2,000)
Total cost = $1,880
Q2 = 2,100
Total cost = $800 + ($0.54 x 2,100)
Total cost = $1,934
Q3 = 2,200
Total cost = $800 + ($0.54 x 2,200)
Total cost = $1,988
Average cost can be calculated by dividing total cost with the cups of coffee per week.
Average cost = Total cost : Quantity per week
Q1 = 2,000
Average cost = $1,880 : 2000
Average cost = $0.94
Q2 = 2,100
Average cost = $1,934 : 2,100
Average cost = $0.92
Q3 = 2,200
Average cost = $1,988 : 2,200
Average cost = $0.90
The average cost per cup of coffee decreases as the cups of coffee per week increases.
Learn more about Average Cost here: brainly.com/question/29306232
#SPJ4
Complete Question:
Espresso Express operates a number of espresso coffee stands in busy suburban malls. The fixed weekly expense of a coffee stand is $800 and the variable cost per cup of coffee served is $0.54.
Required:
Fill the following table with your estimates of the company's total cost and average cost per cup of coffee at the indicated levels of activity. Q1 = 2,000; Q2 = 2,100; Q3 = 2,200.Does the average cost per cup of coffee served increase, decrease, or remain the same as the number of cups of coffee served in a week increase?Spring Company’s cost structure is dominated by variable costs with a contribution margin ratio of 0. 40 and fixed costs of $119,700. Every dollar of sales contributes 40 cents toward fixed costs and profit. The cost structure of a competitor, Winters Company, is dominated by fixed costs with a higher contribution margin ratio of 0. 80 and fixed costs of $347,700. Every dollar of sales contributes 80 cents toward fixed cost and profit. Compare the two companies's cost structure
Spring Company’s cost structure is dominated by variable costs with a contribution margin ratio of 0. 40 and fixed costs of $119,700.
The cost structure of a competitor, Winters Company, is dominated by fixed costs with a higher contribution margin ratio of 0. 80 and fixed costs of $347,700. Then 10% increase in sales generates increase in profits for:
= 19,200
=33,600
10 increase in sales =
480,000 x 10% = 48,000
To calculate the increase in profit, we multiply the increase in sales by the contribution margin:
48,000 x 0.4 = 19,200
48,000 x0.7 = 33,600
Every dollar of sales contributes 80 cents toward fixed cost and profit.
Learn more about variable.
https://brainly.com/question/29588165
#SPJ4
raymond just started his clothing business in a high-traffic shopping center. this type of lease agreement will require raymond to pay the landlord rent based upon the percentage of the periodic gross sales. this type of agreement is called a lease agreement.
Raymond started his clothing business in a high-traffic shopping center, and made a lease agreement. This type of agreement is called a lease percentage agreement.
A lease percentage agreement tends to require the commercial tenants in order to pay to the landlord a set percentage of the gross revenue which is said to be earned from business which is thus conducted at the leased premises.
However, the percentage leases is also said to benefit the property of the owner because they tend to have the ability in order to choose the type of businesses and companies which are said to be placed within the retail space.
To learn more about the gross revenue here:
https://brainly.com/question/28103328
#SPJ4
Is there government in a closed economy?
The closed economy is self-sufficient; therefore, neither imports nor exports are permitted.
An economy that only runs its home sector and is self-sufficient is said to be closed. International trading is prohibited there. When the economy is closed and there are no exports or imports, there are often only 3 sectors: businesses, households, and government. To limit commerce, a government may try to impose protectionist measures like tariffs and quotas.
The government would have to forbid commerce with all other economies in order to establish a truly closed economy, even though these measures would block or slow down trade with a specific nation. A closed economy seeks to meet all of the needs of domestic consumers within its borders.
To learn more about closed economy: https://brainly.com/question/1279943
#SPJ4
a firm conducting an ipo of common stock sold 12 million new shares in the offering at an offer price of $27 per share. after the offering, the firm had 7 million shares outstanding, and the price of those shares in the secondary market was $32. the total proceeds from the firm's ipo were
We won't get any money from the selling stockholders' sale of their shares. As of right now, there is no public market; this is the initial public offering.
Who are shareholders?One who holds at least a share of a company's capital stock is referred to as a stockholder, shareholder, or stockholder. The majority of the owners of a company are its stockholders, who often benefit from its success inside the form of rising stock prices.
What part do stockholders play?In addition to receiving dividend payments on a regular basis and having a claims to some of the business's remaining assets in the event of a liquidation, stockholders also have certain rights related to ownership of the firm, such as voting rights to determine whom joined the board or directors.
To know more about stockholders visit:
https://brainly.com/question/18523103
#SPJ1
economic growth is an increase in a nationals output of goods and services over time.A. TrueB. False
Answer:
True yes very correct its grows slow and stead
What's wrong with the gig economy?
The problem associated with the gig economy is that the workers often receive low wages and face economic insecurities at high rates.
A gig economy refers to a free market system where temporary positions are common and enterprises hire independent employees for short-term commitments. The term 'gig' is a slang word for a job that lasts for a certain period of time.
The problem associated with the gig economy is that the workers often are paid low pay, in some cases less than the minimum wage; they encounter economic insecurity at high rates; and they frequently report losing earnings due to technical difficulties with digital platforms.
You can learn more about gig economy at
https://brainly.com/question/19809648
#SPJ4
comparative public policy involves countries trying to learn from one another. group of answer choices true false
True. Comparative public policy involves countries trying to learn from one another by studying how different countries have tackled similar policy challenges.
What is Comparative public policy?Comparative public policy is a field of study that examines different approaches to policy-making in different countries and contexts. It involves looking at the similarities and differences between nations and regions in terms of their economic, social, and political systems, and how these systems influence the development and implementation of public policy. Comparative public policy also looks at the effectiveness of different policy approaches in various contexts to see which are most effective for achieving the desired outcomes.
This approach allows countries to identify successful solutions which can then be adapted to fit their own context. This type of collaboration is seen as an effective way of improving public policy and can be used to address global issues, such as climate change.
To learn more about systems influence
https://brainly.com/question/14747270
#SPJ4
what is the general compounding formula for calculating the annual return on investment when there is more than one compounding period in a year? multiple choice question. c0(1 r)m c0(1 r/m)m c0(1 rm) c0rm
c0(1 r/m)m is the general compounding formula for calculating the annual return on investment when there is more than one compounding period in a year. The correct option is B.
What is the annual return on investment?The annual return is the annual percentage return on investment over time. Dividends, capital returns, and capital appreciation are all potential sources of returns.
Compound interest can be calculated using the formula FV = P*(1+R/N)(N*T), where FV is the loan or investment's future value, P is the initial principal amount, R is the annual interest rate, N is the number of times interest is compounded per year, and T is the time in years.
Thus, the ideal selection is option B.
Learn more about the annual return on investment here:
https://brainly.com/question/14333133
#SPJ1
What to Do After deadline for filing income tax returns that have received extensions?
After the deadline for filing income tax returns that have received extensions, the taxpayer should file their return as soon as possible to avoid any potential penalties and interest charges.
It is important to note that an extension of time to file is not an extension of time to pay. Any taxes owed should have been paid by the original deadline, otherwise the taxpayer may be charged interest and penalties. Once the return is completed and filed, the taxpayer should check the status of the return to ensure it was received and processed by the IRS. If there are any issues or discrepancies on the return, the taxpayer should contact the IRS to resolve them.
To learn more about income tax returns
brainly.com/question/30136867
#SPJ4