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mihalych1998 [28]
3 years ago
12

What is economic growth

Business
2 answers:
Otrada [13]3 years ago
5 0
Economic growth is best defined as an improvement in real GDP per capita, which essentially refers to the value of all of the goods and services produced in a country per year divided by its population.

The reason why economists use this metric is that it is easy enough to calculate and it reflects the standard of living with relative accuracy.  In particular, it is adjusted for metrics such as population (if the same amount of goods are split between more people, each person doesn't have as much) and inflation (even if people are making more money than before, it doesn't help them if that money is worth less).

However, it is not perfect--GDP omits household production, which is when you produce goods and services in your own home without any formal payment (e.g. you cleaning your house, your parents cooking a meal, etc), trades conducted off-the-books (e.g. bartering), and illegal/black-market production.  Moreover, real GDP per capita disregards income inequality--if a few people hold all the wealth, the country is worse off than if the wealth is distributed roughly evenly.
goblinko [34]3 years ago
3 0
Hey there!

(economic) growth is when the country or the city is more wealthy in money. This would mean that there are not lacking in making this city or ect, look good, they have food to eat, water, and this is what make a economic city place look good. It is also when places have money to use on other thing's as a skating rink or things of that case.
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What was the general relationship between auto production and military aircraft production in the war years?
andriy [413]
Even though the main resources for car production and development like gasoline and craft was mainly used for airplanes and the government had rationalized these products, the truth is that auto production increased because of the transportation needed for aircraft and weapons. Also truth is that many of the automobile companies started to support many military effort so bsically all of them became military production factories. 
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3 years ago
Which economic goal is encroached upon when the government taxes your wages in order to provide unemployment
faltersainse [42]
The answer is c. Economic freedom
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3 years ago
Groupon.com offers discounts on products and services in specific cities. The concept of Groupon is that the discount for the pr
Yuliya22 [10]

Answer:

E) Social commerce site

Explanation:

As the name implies, a social commerce site like Groupon.com is a business that combines aspects of social media with commerce. The social media aspect is meant to be collaborative in the sense that people interact with each other in order to increase the sales of the business.

In this scenario, people collaborate with each other by reaching a certain treshold that allows them to get a benefit, the discount. The treshold is the minimum number of people that have to purchase the product for the discount to become effective.

This strategy benefits both Groupon.com with more sales revenue, and benefits customers because they get a discount, and take part in a social activity.

5 0
3 years ago
Eastman Publishing Company is considering publishing an electronic textbook about spreadsheet applications for business. The fix
Ilia_Sergeevich [38]

Answer:

See the excel spreadsheet attached.

Anticipated profit/(loss) is ($20,000).

Explanation:

The net profit/(loss) is the difference between the total sales and total cost. The total sales is computed as the product of the sale of each book and the number of books sold. The total cost is the sum of the variable and fixed costs.

The total variable cost is the product of the variable cost per book and the total number of books sold.

Alternatively, sales less variable cost gives contribution margin. Contribution margin less fixed cost gives the net profit. As shown in the spreadsheet attached.

Download xlsx
3 0
3 years ago
Publisher problem: Full court press inc buts slick paper in 1525 pound rolls for textbook paper. Annual demand is 1800 rolls. Th
larisa86 [58]

Answer:

C. 2.253

Explanation:

The time between orders in WEEKS in a 52 week year can be calculated as follows

DATA

Annual Demand (D) = 1800 rolls

Cost per roll = $900

Annual holding cost (Ch) = 15% of $900 = $135

Ordering cost (Co) =$225

Solution

EOQ = \sqrt{\frac{2CoD}{Ch} }

EOQ = \sqrt{\frac{2x225x1800}{135} }

EOQ = 78 rolls

Number of orders = 1800/78

Number of orders = 23.077

The time between orders = 52/23.077

The time between orders = 2.253

5 0
3 years ago
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