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goldfiish [28.3K]
3 years ago
15

Why should people care about the amount of production that takes place within the economy

Business
1 answer:
kodGreya [7K]3 years ago
4 0
Because of the law of supply and demand. If the economy needs more things to be produced and you can't produce them, then that's bad for the economy, and if you're producing way more than what can be sold then that's bad for the economy too. Being efficient is great for the economy and the GDP.
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Product design and choice of location are examples of _______ decisions.
lina2011 [118]
A. strategic
These decisions are made high in the hierarchy.
6 0
3 years ago
2. Marcus Gardner is buying a new computer
kompoz [17]

Answer:

A $155.94

Explanation:

A down payment is an initial payment that is paid cash to the buyer. It is the same as the deposit. Marcus must have been buying the compute of credit. The down payment or deposit shows that the customer is serious about buying the item.

The deposit that Marcus paid is 12%.

The cost of the new computer is $1,229.50

The deposit will be 12% of $1,229.50

=12/100 x $1,229.50

=0.12 x $ 1,229.50

=$155.94

4 0
3 years ago
Consumption spending is $4.5 billion, gross private domestic investment is $3 billion, and government expenditures are $2 billio
masha68 [24]

Answer:

exports are $15 billion, and imports are $10.5 billion

Explanation:

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

GDP = Consumption + Investment spending + Government Spending + Net Export

14 billion = 4.5 billion + $3 billion + $2 billion + Net Export

Net Export = $4.5 billion

Net Export = export - import

Net Export is positive so it indicates that exports is greater than imports.

Going through the options, it is only option d that is equal to 4.5 and the export is greater than the import.

I hope my answer helps you

7 0
3 years ago
Suppose that a worker in Freedonia can produce either 6 units of corn or 2 units of wheat per year, and a worker in Sylvania can
prohojiy [21]

Answer:

a. 30 units of corn and 30 units of wheat.

Explanation:

Freedonia:<u><em> (without trade)</em></u>

6 corn   x 5 workred = 30 corn

2 wheat x 5 worked = 10

Fredonia <u><em>(with trade)</em></u> will focus on corn only:

6 corn x 10 workers = 60 corn

Then 30 are trade it out, leaving 30 corn

from trade it receives 30 units of wheat

total 30 units of both goods.

4 0
3 years ago
Nathan's business constructs storage sheds for new housing developments as requested by the builders. Nathan's business would be
nalin [4]

Answer:

<em>Manufacturing Business</em>

Explanation:

A manufacturing business is any<em> business that assembles finished products using raw materials, parts, and components. </em>

Manufacturing companies often use machines, robots, computers, and people to manufacture the products and usually use an assembly line that allows a product to be produced step by step, going from one workstation to another.

3 0
3 years ago
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