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3 years ago

Q7. Which of the following is a necessary condition – something that must occur—for nominal GDP to rise? Explain your answers.

Business

1 answer:

shusha [124]3 years ago

5 0

Answer:

Either the price level or real GDP must increase

Explanation:

Gross Domestic Product (GDP) is used to measure the economic growth, purchasing power, and overall economic health of a country. nominal Gross Domestic Product, measures the value of all final goods and services produced within a country’s borders at current market prices. It takes change in prices and interest rates, inflation and money supply into account when calculating a country’s gross domestic product. Real GDP takes nominal GDP and adjusts for inflation or deflation by comparing and converting prices to a base year’s prices. For nominal GDP to rise there must be increase on either the price level or real GDP.

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How is the price elasticity of demand measured? A. by multiplying the percentage change in the product's price by the percenta

Lapatulllka [165]

Answer:

How is the price elasticity of demand measured?

c. by dividing the percentage change in the quantity demanded of a product by the percentage change in the product's price

Explanation:

Price elasticity of demand (PED or Ed) is a measure used in economics to show the responsiveness, or elasticity, of the quantity demanded of a good or service to a change in its price when nothing but the price changes. More precisely, it gives the percentage change in quantity demanded in response to a one percent change in price.

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3 years ago

Read 2 more answers

Which type of data do researchers collect the personal interviews?

STALIN [3.7K]

Answer:

The correct answer is "Face-to-face interviews".

Explanation:

Face-to-face surveys or interviews are an important way of gathering information used throughout survey methodology.
Throughout these interviews, research teams are collecting location information from participants across one cooperation or bonding. This method of collecting information seems to be unique or even just highly personalized.

7 0

3 years ago

Why is it easier to quantify paid work done outside the home over unpaid housework and childcare?

diamong [38]

<span>It is easier to quantify paid work done outside the home over unpaid housework and childcare because traditional means of tracking economic activity, such as the gross domestic product (GDP) can be used. Housework on the other hand is not easily measurable because the traditional means of tracking economic activity do not take account of non-exchange, non-market household activity. </span>

6 0

3 years ago

Your job pays you $1,600 per month.all taxes combined reduce your pay by 25%.your current expenses are $1,200 per month .you wan

Reil [10]

No you can not afford it

1600•0.25= 400
1600-400=1200
1200-1200=0

6 0

3 years ago

A firm follows a(n) ________ when less than 70 percent of its revenues come from a single business and there are few, if any, li

zysi [14]

Answer:

A. Unrelated diversification strategy

Explanation:

A firm follows an unrelated diversification strategy when less than 70 percent of its revenues come from a single business and there are few, if any, linkages among its businesses.

Diversification: This is the art of entering product markets which is different from those in which the firm is currently engaged in. This implies that diversification is when firms direct resources into a new product, that is, producing a different type of product from the existing one.

Diversification is divided into two

1. Related diversification

2. Unrelated diversification

1. Related diversification: This is the process in which the two products involved have a form of commonalities. This result to enjoying economies of scale.

2.Unrelated Diversification: This form of diversification occurs when a firm adds unrelated product lines and penetrates new markets. The new product introduced has to relation or connection with the the previous or existing product.

Unrelated diversification can be accomplished using the following methods:

1. Developing new competences to use new market opportunities.

2. Using the existing basic competences of the company and expanding from existing markets into new ones and starting new lines of production.

3. Penetrating completely new markets. Usually such opportunity can be identified as a result of the main company business.

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3 years ago