The two sentences that correctly shows the way of calculating GDP are:
- She uses the income-based approach to calculate the GDP.
- According to the approach, she considers the expenses incurred annually as the GDP.
<h3>What is GDP?</h3>
This is a term that is used to refer to the gross domestic product of a country. The GDP is used to show how the economy is doing.
There are two ways of calculating the GDP of a country.
- The income approach
- The expenditure approach.
Read more on GDP here:
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Answer: the gains from trade; protectionism
Explanation:
The common belief among economists is that it is better to embrace the gains from trade, and then deal with the costs and trade offs with other policy tools, than it is to engage in protectionism.
Economists believe that when countries engage in trade together, it brings about increase in the world's output, better innovation and better product quality hence, they do not really support protectionism.
Answer:
The amount by which the sale of inventory exceeds its cost per dollar of sales.
Explanation:
he gross profit margin ratio shows the percentage of sales revenue a company keeps after it covers all direct costs associated with running the business... A higher gross profit margin, means the company has more cash to pay for indirect and other costs such as interest and one-time expenses.
Answer:
This is known as Bank panic
Explanation:
Bank panic happens when in a banking system, many banks suffer from a bank run, that is, many of its depositors loss their confidence that the bank may repay their deposit, thus they want to withdraw their deposit put with the bank.
As Banks operating using notably high leverage, many of its assets are not highly liquid ( e.g: loans, bonds that will not be paid until maturity) and the fact that they lend to and borrow from each others frequently and heavily, a bank run happens for one bank may cause liquidity issues to not only that bank but also other banks in the systems.
Having understood that, people tend to speculate that a run on one bank will cause significant problem to the systems, and a likely probability that bank panic occurs.
He should take the movie theater job bc it’s closer to him and almost the same amount of money.