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vichka [17]
1 year ago
8

Refer to Table 8-16. Given the information above, what can we say has happened in the economy from 2019 to 2020

Business
1 answer:
Airida [17]1 year ago
8 0

We can say the price level has risen in the economy from 2019 to 2020.

In the U.S., growth is expected to slow to 2% in 2020 from 2.3% in 2019 and fall further to 1.7% in 2021 (2020 growth compared to October WEO 0.1 percentage point decrease).

Real GDP fell by 3.5% in 2020 (from the 2019 annual level to the 2020 annual level) compared to a 2.2% increase in 2019 (Table 1).

The outbreak led to a sharp contraction in the economy in March 2020, resulting in real GDP contracting by 5.1% annualized in the first quarter and 31.2% in the second quarter.

Learn more about the economy at

brainly.com/question/1106682

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How does having a menu that is uniform around the country provide mcdonald's with economies of scale? how is menu planning made
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Menu:

  • If the food menu is consistent, it can be said that economies of scale would be in effect. This is due to the fact that the fixed cost per unit actually gets to decrease, which then leads to a decrease in the average cost of production per unit as the sales volume keeps on increasing, giving the company a cost advantage and resulting in economies of scale. However, when extending to other nations, the menu planning becomes more difficult because local preferences and cultural norms vary widely. For example, beef is not allowed in India, thus the menu must be designed accordingly.
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Learn more about menu here brainly.com/question/24068570

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1 year ago
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