California's GDP in step with capita is $60,000, even as Nevada's GDP according to capita is $forty,000. if both grow at 2 percent in step with yr two states to have the equal GDP per capita, they'll never have the same GDP per capita.
GDP stands for "Gross Domestic Product" and represents the overall monetary cost of all very last items and services produced (and offered available on the market) inside a country during a time period (normally 1 year). reason. GDP is the most usually used degree of economic interest.
GDP is measured via taking the portions of all items and services produced, multiplying them by way of their fees, and summing the full. GDP may be measured either through the sum of what is purchased inside the economy or by using what's produced. call for may be divided into consumption, investment, government, exports, and imports.
We realize that during an economy, GDP is the monetary price of all very last items and offerings produced. for instance, let's say u. s. a . B simplest produces bananas and backrubs. items and offerings Produced in the united states B In yr 1 they produce five bananas which might be really worth $1 each and 5 backrubs which are worth $6 every.
GDP is important because it gives records approximately the size of the economy and how an economic system is performing. The booming rate of actual GDP is frequently used as an indicator of the general fitness of the economy. In broad terms, an increase in real GDP is interpreted as a sign that the economic system is doing well.
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Answer:
Opportunity cost
Explanation:
A country is said to have a comparative advantage in producing a good, if it has a lower opportunity cost of producing that good in comparison to the other country. For instance if the opportunity cost of producing Wheat in U.S is 2. While that in China is 1. It shows that China has a comparative advantage in producing wheat as compared to the U.S.
So a nation that has a comparative advantage in producing a good or service compared to the other nation can produce that good or service with a lower opportunity cost.
Efficiency, Profit and Resource cost are not directly related to comparative advantage. Although efficiency can contribute towards lower opportunity cost but it is not a scale used for international trade.
Thus, lower opportunity cost is the best alternative.
Answer: Option(a) is correct.
Explanation:
Correct option: Primary; secondary
Primary market is a market in which new stocks and securities are issued for the first time. Firms are selling their shares and bonds for the first time to the public. For example; IPO (Initial Public Offering).
Secondary market is a market in which buying and selling of already owned securities takes place. In this type of market investors trade with each other rather than with issuing firm.
Answer:
B. Customer Relationship Management (CRM).
Explanation:
Customer relationship management refers to managing a relationship with the customer by providing them excellent products and servcies at reasonable cost in order to build a trust, provide them maximum satisfaction so that the company could able to generate maximum share in the market place. Also it should be more focused to attain competitive advantage
Therefore according to the given situation, the option B is correct
Part of the reason why someone would want to narrow down their focus is so that they don't waste time accumulating clothes that won't aid them in the long run.
<h3>What is the period of long run?</h3>
The period of long run is basically not defined anywhere, because the period of long run is fully depend upon the organistions and the types of it. It is normally the period above the operating cycle.
Part of the reason for narrowing one's focus is so that they don't waste time accumulating clothes that won't help them in the long run.
Credits are treated as help in the long run because a person get money at present to do work and earn from that work, whereas the friends and the skills help the people in the lifetime.
Therefore, option A is correct.
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