Answer:
Gross National Product (GNP)
Explanation:
According to Investopedia, "the Gross National Product is the value of a nation's finished domestic goods and services during a specific time period".
*Note that the GNP should NOT be confused with the GDP (Gross Domestic Product). The GDP only accounts for the value of goods and services produced within a nation's borders, while the GNP also adds the value of services produced by that country's employees and companies in other nations.
Answer:
False
False
Explanation:
Monopolistic competition is a type of imperfect market where there are many seller competing with each other but with differentiated products. Monopolistic competition is socially inefficient. The product variety externality implies that there is too little entry of new firms in the market.
Answer:
How to calculate tax liability from taxable income
Explanation:
Your taxable income minus your tax deductions equals your gross tax liability. Gross tax liability minus any tax credits you're eligible for equals your total income tax liability. hope this helps you :)
Answer:
In 1980
Explanation:
Year Salary Percentage Salary Increase CPI Increase
1970 $12,000 - -
1980 $24,000 100 50
1990 $36,000 50 83.3
As can be seen in the table, the Professor's salary increase from 1970 to 1980 was twice as much as the CPI increase during the same period.
On the contrary, his salary increase from 1980 to 1990 was significantly less than the CPI increase during the same period.
Therefore, the professor's salary was highest in 1980.
You have a franchised planet fitness gym. you began the business by paying your initial franchise fees and now you pay royalties on a regular basis. this typical fee structure for a franchise is an Example Of an advantage For An Franchisor.
In the aforementioned scenario, we first pay the initial franchise fees and then we are required to pay royalties on a regular basis. As a result, it is obvious that the franchisor benefits financially and that overall growth also benefits because the franchisor does not assume any risk in the Planet Fitness Gym; instead, they merely provide their franchises and receive regular basis income.
Additionally, they lower market and gym startup costs, among other things. They also gain from the fact that opening a new gym raises the value of their brand in the marketplace, which helps the franchisor long-term and accelerates their overall growth.
A franchise is a kind of license that gives a franchisee access to a franchisor's confidential company information, operational procedures, and trade names, enabling the franchisee to conduct business under the franchisor's brand.
Learn more about franchise here
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