Total output of an economy can be divided into its alternative uses by considering who bought the output. when other countries purchase part of an economy's output, this is called Gross Domestic Product [GDP],
<h3>Gross Domestic Product</h3>
The total monetary or market worth of all the finished goods and services produced within a nation's boundaries during a certain time period is known as the gross domestic product (GDP). It serves as a thorough assessment of the state of the economy in a particular nation because it is a wide indicator of total domestic production.
Although it is often calculated on a yearly basis, GDP can also be computed on a quarterly basis. For instance, the US government estimates the annualized GDP for the entire year as well as each fiscal quarter.
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Answer:
A) the same in both countries; the same in both countries
Explanation:
1.The steady-state level of output per worker will be the same in both countries because if their is higher growth rate of the population , the steady-state level of capital per worker will be lower which lead to lower level of steady-state income because the two countries have the same production function, same saving rate, same depreciation rate, and same rate of population growth which thereby means we have get to the Steady-State Level of Capital.
2. The steady-state growth rate of output per worker will be the same in both countries because the level of capita per worker will remain constant and does not change for both the countries because they share similar things in common.
If you are a manager in a perfectly competitive market. and the price in your market is $14, the total cost curve is () = 10 + 4 + .5^2. the price that should be charged in the short run is:<span>
$14</span>
The correct answer is B) Doormart signed an agreement with Wallmart allowing both firms to engage in predatory pricing.
Wallmart is accused of predatory pricing by Doormart. Wallmart could defend itself against this accusation. The option that would not be one of their arguments would be "Doormart signed an agreement with Wallmart allowing both firms to engage in predatory pricing."
This option would be inconceivable because laws and regulations prohibit companies to sign an agreement that could be against the benefits of the American consumer. A situation like that could seem like an agreement "behind doors" that also hampers or hurts other competitors in the industry. Predatory pricing is an illegal practice aimed at eliminating other competitors in the market by setting very low prices. Something like this could create monopolies.
