The law of supply<span> is a microeconomic </span>law which says<span> "...all other </span>factors<span> being equal, as the price of a good or service increases, the quantity of goods or services that suppliers offer </span>will<span> increase, and vice versa..."</span>
In 20 years you'll have $5,220.
2,000×0.08=160
2,000+(160×20)= 5,220.
What do you need help with?
Answer:
Gross Domestic Products (GDP) is a measure of the total market value of all finished goods and services made within a country during a specific period.
Explanation:
GDP is an acronym for Gross Domestic Products (GDP) and it can be defined as a measure of the total market value of all finished goods and services made within a country during a specific period.
Simply stated, GDP is a measure of the total income of all individuals in an economy and the total expenses incurred on the economy's output of goods and services in a particular country.
On a related note, Gross Domestic Products (GDP) is a measure of the production levels of any nation.
Basically, the four (4) major expenditure categories of GDP are;
I. Consumption (C).
II. Investment (I).
III. Government purchases (G).
IV. Net exports (N).
In conclusion, GDP is a measure of the total amount of finished goods and services produced by a country.
