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andrew-mc [135]
3 years ago
15

Cardboard is an example of which type of economic resource?​

Business
1 answer:
blsea [12.9K]3 years ago
3 0
<h3><u>Answer</u>;</h3>

A capital resource

<h3><u>Explanation</u>;</h3>
  • Economic resources are the factors used in producing goods or providing services. That is, they are the inputs that are used to create things or help an individual to provide services.
  • <em><u>Economic resources can be divided into human resources, such as labor and management, and nonhuman resources, such as land, capital goods, financial resources, and technology.  There are four types, namely; capital, labor, land, and entrepreneurship.</u></em>
  • <em><u>Capital resources are those resources that are used to manufacture other goods and services in future.</u></em>

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If real GDP grew by 6 percent and population grew by 2 percent, then real GDP per person grew by approximately ______ percent.
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3%

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Real GDP per person is a measure of the economic wellbeing of the populace of a country.

Real GDP per person = Real GDP / population

6% / 2% = 3%

Gross domestic product is the total sum of final goods and services produced in an economy within a given period which is usually a year

GDP calculated using the expenditure approach = Consumption spending by households + Investment spending by businesses + Government spending + Net export

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$0.1  

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The per unit cost of a production is the sum of variable cost and fixed cost divided by the total number of units produced. The per unit cost is given by the formula:

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Variable cost = Cost of raw material = Units of raw material × Cost of each unit of raw material = 5 units × $4/unit = $20

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