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MAVERICK [17]
1 year ago
8

According to growth accounting studies, the most important factor in economic growth is Group of answer choices education. Inves

tment in physical capital. technology.
Business
1 answer:
koban [17]1 year ago
6 0

The most important factor in economic growth is considered to be <u>technology. </u>

<h3>Why is technology considered important?</h3>

Technology is important to the growth of an economy because it decides just how much a nation produces.

The higher the technology quality, the higher the nation's production and therefore its economic growth. This is why it is considered to be the most important factor for economic growth.

Find out more on the role of technology in the economy at brainly.com/question/516165.

#SPJ1

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If a 20 percent increase in the price of red bull energy drinks results in a decrease in the quantity demanded of 25 percent, th
yanalaym [24]

The correct answer is that the price elasticity of demand is elastic.

Price elasticity occurs when a change in price results in a change in demand. In this example, a 20 percent increase in the price of the drinks resulted in a 25 percent decrease in the demand for the product. Because the price increase resulted in a demand decrease the price is elastic.

4 0
3 years ago
" Suppose there are only two firms in an economy: Cowhide, Inc. produces leather and sells it to Couches, Inc., which produces a
Lunna [17]

Answer:

The answer is $52,000.

Explanation: When calculating GDP, only finished goods are included in the calculation, items that are used to manufacture other goods are not included in the calculation of GDP.

Therefore, the leather that was bought to produce couches in 2006 will not be included in GDP, because its value is included in the value of couches.

Couches, Inc. produced 16 couches and sold them for $3,000 each, computing that, we have:

16 x $3,000

= $48,000.

However, inventory that Cowhide, Inc. has that is worth $4,000 was produced in 2006 as well, so it is included in the GDP. This item will be included in the GDP because it has not yet been bought to used in manufacturing another item. So the answer is $52,000.

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3 years ago
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2 years ago
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Sean bought a rare stamp for $15.he was told that it would increase in value by $11 each year.what will the stamps value be afte
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The answer is 59$. it's mental math dude just multiply 11 by 4 and then add it to 15
8 0
3 years ago
Smith Company reported $350,000 in book income before income tax during 20X1, its first year of operation. The tax depreciation
Sloan [31]

Answer:

$73,500

Explanation:

Income tax payable = Book income before income tax*Tax rate

Income tax payable = $350,000*21%

Income tax payable = $73,500

Therefore, the amount of income tax payable that Smith should report in its December 31, 20X1, balance sheet is $73,500

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