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Vadim26 [7]
1 year ago
12

The high-income economies of the world contain approximately __________ of the world’s population and produce and consume ______

_____ of the world’s gdp.
Business
1 answer:
Annette [7]1 year ago
6 0

The high-income economies of the world include approximately 12% of the world’s population and produce and consume 60% of the world’s GDP.

<h3>What is GDP?</h3>

The gross domestic product stands as a monetary measurement of the market value of all the final goods and services produced in a distinctive period by countries. Due to its complex and subjective nature, this measure exists often revised before being deemed a reliable indicator.

Gross domestic product (GDP) stands for the total monetary or market value of all the finished goods and services constructed within a country's borders in a typical period. GDP measures the worth of the final goods and services produced in the United States (without double counting the middle goods and services used up to produce them).

The high-income economies of the world include approximately 12% of the world’s population and produce and consume 60% of the world’s GDP.

To learn more about GDP refers to:

brainly.com/question/1383956

#SPJ4

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7 0
2 years ago
Suppose during the course of a year an economy produces $7 trillion of consumer goods, $1 trillion of investment goods, $5 trill
In-s [12.5K]

Answer:

D) $12 trillion.

Explanation:

GDP is the sum of all final goods and services produced in an economy within a given period which is usually a year.

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4 0
3 years ago
f the Fed purchases​ $1 million worth of securities and the required reserve ratio is​ 8%, by how much will deposits change​ (as
katrin [286]

Answer:

D. rise by​ $1 million

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As Fed is a central bank, it will be termed as reserves in the books of bank accordingly its reserves will increase as Fed has made investment in it.

Although, the deposits of Fed will also increase as because by purchasing the securities its cash in hand decreases and it tends to increase the deposits, by the same.

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3 0
3 years ago
Bailey Corporation budgets on an annual basis for its fiscal year. Three pounds of raw material are needed to produce each unit
vlabodo [156]

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500,000 units

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The Production Budget can be used to determine the number of units that needs to be manufactured in order to meet Sales and Inventory targets as follows :

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Add Closing Finished Goods Inventory                      60,000

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Budgeted Production                                                 500,000

Therefore,

The number of units it would have to manufacture during the year would be 500,000

6 0
2 years ago
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