'There are two common measures of economic growth: increases in real GDP over some period of time and increases in real GDP per capita over some time period.
This statement is True.
Gross domestic product is a monetary measure of the market value of all final goods and services produced and sold by a country in a given period of time. Due to its complex and subjective nature, this indicator is often revised before being considered a reliable one.
GDP = private consumption + private gross investment + government investment + government expenditure + (exports – imports). GDP is usually calculated by a country's national statistical agency according to international standards.
GDP measures the monetary value of the final goods and services produced in a country (that is, purchased by final consumers) over a specified period of time (such as a quarter or a year). Counts all electricity generated within a country's borders.
Learn more about GDP brainly.com/question/1383956
#SPJ4
Answer and Explanation:
B. reduces the number of available job opportunities
Toiletry - Mouth wash, Snack food :- Peanuts, Adidas, Rich dad Poor dad by Robert Kiyosaki, Computer program R, Video game :- Fifa EA sports.
Explanation:
- Mouth wash target market is to feel fresh while speaking.
- Peanuts An athletics to get that extra energy at Rugby.
- Adidas believing in sports and everybody loves that brand.
- Rich dad poor dad how to become rich and convert ideas of business.
- R programmer is a statistical tool for analyzing data for inferences.
- EA sports is the most important part of sports Football is every growing.
- Bring in new flavors,changing the taste of snacks, famous athletes.
- Explain people who have been successful after reading the books.
- Only way to appeal other markets buy understanding statistics.
Answer:
The correct answer is "option B".
Improving a widely used job-search website so that it matches workers to job vacancies more effectively
Explanation:
The demand for labor among cotton-producing Texas will firms in Texas will <u>increase.</u> This will happen because of the increase in world price leads to increment in wages.
The demand for labor among textile-producing firms in South Carolina, for which cotton is an input, will <u>decrease</u>. This is because cotton is an input. The increase in price of cotton increases the cost which reduces the profits which leads to less hiring of workers.
The temporary unemployment resulting from such sectoral shifts in the economy is best described as <u>frictional</u> unemployment.
Government measures to reduce frictional unemployment is:
<em>Improving a widely used job-search website so that it matches workers to job vacancies more effectively</em>
The option C is not correct, because, another measure that the government uses is to withdraw benefits to short-term unemployed. There would be a greater incentive for workers to find work quickly.
Answer:
Financial advantage of accepting supplier's offer = $21,000
Explanation:
Relevant costs saved by outsourcing production:
Direct materials $3.70
Direct labor $12.00
Variable manufacturing overhead $2.30
Fixed manufacturing overhead $9.00 * 1/3 = $3
Total cost per part $21.00
Total savings per year = $21 * 29,000 = $609,000
Additional rental income = $79,000
Total = $688,000
Cost of purchasing 29,000 parts = $23 * 29,000 = $667,000
Financial advantage of accepting supplier's offer = $21,000
