Answer:
Idea is a thought and business opportunity is what job you want.
Explanation:
Answer:
The answer is stated below:
Explanation:
Note: Here the questions is missing, that is
Which of the following will be a micro economic topic?
Microeconomics is the study which dealt with the knowledge of how the people take decisions at the small scale. It does not consider the economy as a whole.
So, the topic which are related to micr- economic are:
Determine the affects of the war on Iraq on the steel price. This dealt with the affects of war in Iraq, focusing on a single country.
Determine what will happen in the market for the oranges when they are freeze, this also dealt with the market of oranges, not the economy as a whole.
So, both the topics are dealt or related with the micro - economic.
Answer:
Data that are observed or collected directly from respondents are called primary data.
Explanation:
Primary data are data obtained directly from respondents via field survey. These data are usually collected through the use of questionnaires or interviews.
Answer:
With a population growth of 2%, the GDP has to grow 12.6% per year in order to real GDP per person double in 7 years.
Explanation:
It is necessary to state the formula to calculate the GDP growth per person in 7 years and some assumptions. Defining as base of population and GDP the number 100 (aleatory picked) we can write our equation: GDP per person in year 7 = 100(1+x)^7/100(1+0.02)^7=2 In this equation X is the fixed percentage of GDP growth. By iteration process, we get that X=12.6%
Answer:
Option (b) is correct.
Explanation:
The total surplus is defined as the sum total of producer surplus and consumers surplus. Total surplus with a tax is defined as the combined total of producers and consumers surplus and tax revenue that is earned by the government of a particular nation.
Consumers surplus = Willingness to pay for the product - Actual amount paid for the product
Producers surplus = Actual amount received for the product - Willingness to accept for the product
