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aalyn [17]
3 years ago
14

Over the last century in the United States there has been an increase in _______ as a percentage of total output. Farming, inter

national trade, and manufacturing. Services, government, and international trade. Manufacturing, government, and services. Services, farming, and construction.
Business
1 answer:
BabaBlast [244]3 years ago
4 0

Answer: Services, government and international trade.

Explanation:

The role of services, and international trade to the gross domestic product (GDP) of the United States economy is very important. Services with their increasing importance in the world economies are becoming vital in the economic growth of many countries.

In the United States, the relationship between growth in the services sector and economic growth has become stronger since two decades ago as it's contribution to the GDP has increased.

International trade which is the exchange of goods, capital, and services across international borders also represents a significant proportion of the gross domestic product of the United States.

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In conducting their research, economists often substitute historical events and historical episodes for
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b. laboratory experiments.

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Laboratory experiments -

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Suppose China exports TVs and uses the yuan as its currency, whereas Russia exports vodka and uses the ruble. China has a stable
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The real exchange rate would result in a growth of the relative price of Chinese TVs over the price of Russian Vodka.

This is because Chinese TVs are becoming more technologically advanced, increasing both their nominal and real value, while Russian Vodka is being produced en masse, but without technological progress, decreasing both its nominal and real value.

The nominal exchange rate would result in the ruble depreciating strongly against the Yuan.

The quick growth of money supply in Russia means inflation, and this added to the loss of value of the Vodka exports, results in the decrease of nominal value for the ruble against the Yuan, which has a moderate growth in money supply (meaning moderate inflation), and benefits from the exports of a good that is appreciating (the Chinese TVs).

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3 years ago
The following information was available for the year ended December 31, 2019: Net sales $ 894,250 Cost of goods sold 616,850 Ave
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Answer:

Explanation:

Net sales - $894,250

Cost of Goods - $ 616850

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Account receivable at year end - $28200

Average inventory - $182000

Inventory at year end - $158,000

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No of days sales in account receivable -

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28200/894250*365= 11.5 days

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3 years ago
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