Answer:
The Gross Domestic Product of the territory is $ 172 million.
Explanation:
The Gross Domestic Product (GDP), measured in monetary units, is the market value of all goods and services within a territory in a given period of time, usually annual, which is estimated by the following expression:
(1)
Where:
- Consumption.
- Business investments.
- Government expenditures.
- Government entitlements.
- Exports.
- Imports.
Please notice that positive sign represents money that has entered into the economy of the territory.
If we know that
,
,
,
,
and
, then the GDP of the territory is:
![GDP = 50\times 10^{6}+10\times 10^{6} + 75\times 10^{6}+38\times 10^{6}+12\times 10^{6}-13\times 10^{6}](https://tex.z-dn.net/?f=GDP%20%3D%2050%5Ctimes%2010%5E%7B6%7D%2B10%5Ctimes%2010%5E%7B6%7D%20%2B%2075%5Ctimes%2010%5E%7B6%7D%2B38%5Ctimes%2010%5E%7B6%7D%2B12%5Ctimes%2010%5E%7B6%7D-13%5Ctimes%2010%5E%7B6%7D)
![GDP = 172\times 10^{6}](https://tex.z-dn.net/?f=GDP%20%3D%20172%5Ctimes%2010%5E%7B6%7D)
The Gross Domestic Product of the territory is $ 172 million.
Answer:
The answer is D.
Explanation:
Inventory turnover is a measure of the number of times inventory is sold in a given period of time period such as in a quarter or in a year.
The formula is Cost of goods sold ÷ the average inventory.
Higher inventory is better than lower inventory because the higher the inventory turnover, the better a business is selling goods(inventories) very quickly and that demand for their product exists. While low inventory turnover depicts weaker sales and declining demand for a company's products
Answer: Implementation of Findings and Sharing Information gathered with decision-makers to aid implementation.
Explanation:
Marketing Research is a series of steps taken in gaining a better understanding of a company's goods and services in the market field, as well as, methods that can be employed to improve the distribution and value of the product.
The series of steps involved in marketing research include; Problem Identification, Enumeration of the research goals, Research Planning and design, Data collation, Data analysis, presentation of the report, and Implementation of findings.
Ethan has just reached the concluding part of his marketing research where he now creates a report of his findings and proposes several actions.
His next step would be to take action. He should also be willing to share the information gathered from the findings with decision-makers in the organization as this would be a helpful guide to them in executing actions.
The consumer price index, or cpi, has the following formula:
![CPI = \frac{Current \ Period \ Price}{Base \ Period \ Price} \ x \ 100](https://tex.z-dn.net/?f=CPI%20%3D%20%20%5Cfrac%7BCurrent%20%5C%20Period%20%5C%20Price%7D%7BBase%20%5C%20Period%20%5C%20Price%7D%20%5C%20x%20%5C%20100)
Let's compute the real base period price for the cpi today.
![120 = \frac{11}{Base \ Period \ Price} \ x \ 100](https://tex.z-dn.net/?f=120%20%3D%20%5Cfrac%7B11%7D%7BBase%20%5C%20Period%20%5C%20Price%7D%20%5C%20x%20%5C%20100)
Base Period Price = $9.2
Then, we compare the apparent with the real:
Real Base Period: $11 - $9.2 = $1.8
Apparent Base Period: $11 - $10 = $1
Real > Apparent, thus your real wage rate has increased since 2005.