All categories

2 years ago

What effect did the 2008 economic downturn in the united states have on the global economy?

1 answer:

3 0

According to Moody's Analytics, between the pre-recession high in the second quarter of 2008 and the low reached in the first quarter of 2009, the Great Recession resulted in a loss of more than $2 trillion in global economic growth, or a decline of about 4 percent.

The global financial crisis, which began in developing nations in late 2007, had a significant impact on developing countries. Emerging and developing economies' economic growth sharply decreased from 13.8% in 2007 to 6.1% in 2008 and 2.1% in 2009. (IMF, 2009a, and 2010). Cheap credit and loose lending rules, which created a housing bubble, were the root causes of the Great Recession of 2008.

To learn more about economic growth, click here.

brainly.com/question/11679822

#SPJ4

You might be interested in

The occupational safety & health administration requires that organizations follow which guidelines for electrical safety?.

Katarina [22]

The safety and health guidelines at work focus on avoiding accidents in workers and performing optimal and adequate work.

<h3>What guidelines should an electrical worker follow?</h3>

The occupational health and safety guidelines depend on the activity to be carried out, since each set of guidelines is specifically designed to avoid accidents and contingencies in different contexts.

To guarantee safety in electrical procedures, companies must follow the following guidelines:

Wear insulating shoes and gloves.
Do not have metallic accessories such as chains, earrings, bracelets, among others.
Work without power supply while manipulating electrical networks.
Avoid working with electricity in wet places because liquids are good conductors of electricity.
Analyze the electrical network before starting, to identify the relevant procedures to be carried out.
Use a helmet, gloves, overalls, goggles and other personal protection elements.

Learn more about safety and health administration in: brainly.com/question/14141751

#SPJ1

3 0

2 years ago

How do you contribute to uneployment if you do not pay tax?

luda_lava [24]

As long as one started working, he/she is then responsible to paying taxes to the government or to the state. The tax that he is paying is used for the programs planned by the government for the sake of the citizens. If you have been working but is not paying tax, it just seems that you have not worked at all. You will not have any record of being a tax payer and the government will count you in as someone who is unemployed.

5 0

4 years ago

Amazon has decided to enter the college bookstore market. The goal of "Amazon Campus" is to offer co-branded university-specific

Leviafan [203]

Answer: product diversification

Explanation:

Product diversification is when the original market for a product is being expanded. Product diversification is used to boost a brand and also increase sales.

From the question, we are informed that Amazon has decided to enter the college bookstore market and that the goal of "Amazon Campus" is to offer co-branded university-specific web sites that offer textbooks and paraphernalia, such as logo sweaters and baseball hats. This development shows Amazon's relentless pursuit of product diversification.

7 0

3 years ago

Able, Baker, and Charlie co-own property. Charlie dies, leaving behind a will that transfers his one-third interest in the prope

VMariaS [17]

Answer:

Joint ownership

Explanation:

In a joint ownership, when a partner dies, his interest is passed on to the surviving partners.

This case scenario is a joint ownership

3 0

3 years ago

Machine Replacement Decision A company is considering replacing an old piece of machinery, which cost $600,700 and has $350,700

Veseljchak [2.6K]

Answer:

1.Incremental loss $300

2.Alternative II Replacing the Old Machine is beneficial because we have Incremental Profit of $300

2b.$250,000

Explanation:

1. Preparation of the differential analysis dated May 29

Differential Analysis

Continue with old machine (Alternative I ) or Replace old machine (Alternative II )

Continue with Replace the Differential effect

Old Machine Old Machine

Alternative 1 Alternative 2 Alternative 2

Revenue:

Revenue from Sale of Old Machine

$0 $62,600 $62,600

Cost:

Purchase Cost

$0 $484,500 $484,500

Variable Production (8 Years)

$1,240,000 $818,400 -$422,400

Profit / (Loss) ($1,240,000) ($1,240,300) -$300

Incremental loss = $300

2. Calculation to Determine whether to continue with (Alternative 1) or replace (Alternative 2) the old machine.

Alternative II Replacing the Old Machine is not beneficial because we have Incremental loss of $300

2b. Calculation for the sunk cost in this situation

The Sunk Cost will be the Book Value of Old Machine = $600,700-$350,700

= $250,000

Variable production workings

($155,100×8=1,240,800)

($102,300×8= 818,400)

7 0

4 years ago