A competitive market economy with low barriers to entry affords an entrepreneur with
the opportunity to bring new and different products and services to the market.
Answer: $623 billion
Explanation:
Gross Domestic Product refers to the final value of the goods and services produced within a country in a certain period which is usually a year.
It can be calculated by several approaches with one of them being the Expenditure approach.
The formula is:
= Consumption + Investment + Government spending + Net exports
= 400 + 88 + 128 + 7
= $623 billion
Answer:
120 seconds (2 minutes)
Explanation:
Standard time = normal time + allowances
The normal time is computed using the following formula
normal time = observed time X ratings/100
observed time mean = (84+76+80+84+76)/5 = 80
A person who is 25% faster has a rating of 125%
normal time = 80 X 125/100 = 100 seconds
Allowances is calculated as a percentage of normal time
Allowance = 80 X 20/100 = 20 seconds
Standard time = 100 + 20 = 120 seconds
Answer:
Voting correctly is a concept from political psychology that means a vote decision "that is the same as the choice which would have been made under conditions of full information." Measurements of correct votes are used to determine how accurate low-information voters are at determining the candidate or party that best
Explanation:
