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vredina [299]
2 years ago
9

1. Why is GDP important to economists? I

Social Studies
1 answer:
melamori03 [73]2 years ago
6 0

GDP is significant because it provides information on the size and performance of an economy. The real GDP growth rate is frequently used as a gauge of the economy's overall health. An increase in real GDP is viewed as an indication that the economy is performing well in general.

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What is the opportunity cost for the Congo to produce diamonds?
Assoli18 [71]

The opportunity cost for the Congo to produce additional diamonds is <u>C. 4 thousand units of corn</u>.

<h3>What are opportunity costs?</h3>

Opportunity costs are the benefits of an alternative decision when the decision maker rejects the alternative.

For instance, the opportunity cost of going to college is the earnings forgone.

The opportunity cost is computed as the lost benefit when an alternative decision is not pursued.

Fractionally, the opportunity cost of producing one product A) to another (B) = Units of B / Units of A.

<h3>Data and Calculations:</h3>

United States opportunity cost to produce diamonds = 60/10 = 6

United States opportunity cost to produce corns = 10/60 = 1/6

Congo's opportunity cost to produce diamonds = 20/5 = 4

Congo's opportunity cost to produce corn = 5/20 = 1/4

Thus, the opportunity cost for the Congo to produce additional diamonds is <u>C. 4 thousand units of corn</u>.

Learn more about opportunity costs at brainly.com/question/481029

#SPJ1

6 0
1 year ago
You are taking a very difficult chemistry course, which you must pass to maintain your scholarship and to avoid damaging your ap
sergejj [24]

Answer: Because the janitor is aware of your plight, the first thing to consider is this being a trick to extort you or to waste your time. After considering it to be a trick, you still have to consider it to be true. This makes it a game of 50:50 chance ( that is equal chance to loss or win).

To approach this situation, you have to define an agreement with the janitor. The agreement should be "send me the chemistry master and I will pay you after I have written the exam to confirm it is actually a chemistry master or pay you 1/10 of your amount if it is not, to compensate your efforts". After sending this agreement, you should focused on your studies like you're not expecting a positive response from him.

Negotiation should not be involved in the agreement, as it will waste your time of studies.

3 0
3 years ago
How was African religion used to organize or influence society?
tatuchka [14]
I don’t really know.
8 0
3 years ago
Mark just got his driver's license. He loves to speed around town going more than 20 miles per hour above the speed limit. He be
bezimeni [28]

Answer:

Personal fable        

Explanation:

Mark just got his driver's license. He loves to speed around town going more than 20 miles per hour above the speed limit. He believes that he can speed through red lights due to his perfect timing. This is an example of <u>personal fable</u>.  Personal fable is a cognitive limitation linked to egocentrism in adolescents, where they believe that their life is special and meant to be heroic and as such none of life's difficulties or problems will affect them regardless of their behavior. This causes them to take unnecessary risk and live risky lifestyles.

4 0
3 years ago
What is Buddha? In Buddhist
WINSTONCH [101]
Buddha is a god, but that he is a human being who has woken up and can see the true way the mind works.
7 0
3 years ago
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