Answer:
GDP is an imperfect measure of Economic well being because of : Production of - Non Monetary Exchange goods , Positive & Negative Externalities goods, Negative Impact goods.
Explanation:
GDP is the total value of goods & services produced by an economy during a period of time.
Although reflecting flow of goods & services in an economy, GDP is still not a perfect measure of well being because :
- Non Monetary Exchange Goods : Services of family members (housewives), leisure production (eg painting) are non monetary.
- Positive & Negative Externalities Goods: Benefit or harm to un-involved party, without any monetary exchange. Eg - Education, Pollution.
- Negative Impact Goods : Goods consumption leading to well being loss rather than well being gain. Eg- Addiction (Alcohol / Smoking).
All these goods change well being : Non Monetary Exchange Goods increase well being , Positive Externalities increase welfare , Negative Externalities decrease welfare , Negative Impact goods decrease welfare.
But, these are still not included in GDP evaluation. So, all these make GDP an imperfect measure of well being.
Answer:
Annual deposit= $26,344.36
Explanation:
Giving the following information:
The interest rate is 7 percent per year.
He wants to have enough money to provide him with $3,000 of monthly income for 30 years. To date, he has saved nothing, but he still has 20 years until he retires.
First, we need to calculate the total amount of money required:
Final value= 3,000* (30*12)= $1,080,000
Now, we can calculate the annual deposit:
FV= {A*[(1+i)^n-1]}/i
A= annual deposit
Isolating A:
A= (FV*i)/{[(1+i)^n]-1}
FV= 1,080,000
i= 0.07
n= 20
A= (1,080,000*0.07) / [(1.07^20) - 1]= $26,344.36
The work of Venture Philanthropy Partners in focusing on low-income families would make it a<u> Community Fund </u>
A Community Fund:
- Focuses on helping a certain need in the society
- Is usually targeted at the less well off in society
<u>Venture Philanthropy Partners</u> is targeting youth and children that come from lower income families which means that they are targeting the needs of the less well off.
We can therefore conclude that this is a community fund.
<em>Find out more at brainly.com/question/18776651. </em>
Answer:
The correct answer is letter "B": Convene a meeting and ask Sam to substantiate the need for a new team leader. Review the ethics policy and company hiring guidelines. Express your concerns about the budget.
Explanation:
First of all, the company must <em>confirm if there is really a need for a team leader in the assembly area</em>. If so, the benefits of having such a professional must be pointed out. If approved, because of the rumors of Sam hiring a friend for the position,<em> the ethics policy and company hiring guidelines must be clarified</em> in order to let Sam know that the new leader must be selected after the evaluation of a number of applicants who can could suitable for the position. Last but not least, the details of the reasonable income this new leader will receive should be explained to find out <em>what would be</em> <em>the impact on the company's budget</em>.