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Maru [420]
3 years ago
12

Government policies should be designed to help maximize an economy’s GDP. Is it True/False/Uncertain and Explain?""

Business
1 answer:
AveGali [126]3 years ago
8 0

Answer:

The statement is: True.

Explanation:

The Gross Domestic Product (<em>GDP</em>) is the total dollar value of all goods an economy produces for a given time. GDP is the primary indicator of a country's economic health. A healthy economy typically sees employment opportunities and raising wages. A big change in GDP can have a big impact on stocks -for instance, and that is why investors worry about GDP growth. Thus, the government should provide guarantees through policies that will allow the country's GDP to grow, letting investments increase at the same time.

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In your own words, interpret what 33% of all goods and property are owned by 1% of the
Radda [10]

Answer:

Explanation:

It means that there must be a huge number of people that have little or nothing.

The most recent estimate of America's population is 331,000,000 roughly

1% of the population is 331,000,000 * 1/100 = 3,310,000

So that means that 3 million people own 33% of 14 trillion in property alone. These numbers are really hard to imagine.

1 trillion has 12 zeros behind it

so 14 trillion has 12 zeros behind it.

3 million people own 1,400.000,000 = 14 000 000 000 000 dollars worth of property.

That means that each person in that group of 3 million is 1 of 14 , 000, 000 in wealth just in property alone. The goods will dilute this somewhat, but I think you get the idea.

3 million people in the United States are multimillionaires, if they own 100% of the property. Of course that isn't true, but I think it's fair to say that they are not poor either.

6 0
2 years ago
What forces businesses industries and governments to make decisions
Yuliya22 [10]
Businesses and industries need to make decisions to make a profit and to benefit the world.
6 0
3 years ago
Read 2 more answers
Which of the following factors will increase GDP and also achieve sustained​ growth?
Salsk061 [2.6K]

Answer:

The correct answer is the letter d. Advances in the technical knowledge used in production.

Explanation:

Technology is an important variable in economic growth models, having a positive effect on the production process. Technological progress occurs when technology increases over time, and its effect is on worker productivity. That is, technological advancement enables work to become more productive, culminating in sustainable per capita gross domestic product growth.

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Ssume that the mpc is 0.8 and the reserve requirement is 0.1. if the federal reserve needs to increase aggregate demand by $100
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0.7 that si probably it
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What is your long term career goal?
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