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3 years ago

Development that considers both current and future needs is referred to as______ development

Business

1 answer:

andrey2020 [161]3 years ago

7 0

Answer:

Sustainable

Explanation:

Sustainable development is involves utilization of resources to achieve our goals both in present and the future goals, Sustainable development can be categorized as

✓environmental

✓human

✓ social

✓economic

It should be noted that Development that considers both current and future needs is referred to as sustainable development

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sales promotions

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2 year yield 4 years from now = 11.0%

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3 years ago

Sellers of a good bear the larger share of the tax burden when a tax is placed on a product for which the

Leviafan [203]

Answer:

b. demand in more elastic than the supply.

Explanation:

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In a situation where demand is more elastic than supply and tax is imposed, the suppliers can bear more cost due to tax without the quantity changing by much.

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3 years ago

Suppose that a simple economy produces only the following four goods and services: shoes, hamburgers, shirts, and cotton. Fu

allsm [11]

Answer:

a. If the base year is the year 2009, then real GDP for 2016 equals $7,600. Round answer to nearest penny and the real GDP for 2017 equals $8,640. Round answer to the nearest penny.

b. The annual growth rate of real GDP in 2017 is 13.68%. Enter response as a percentage rounded to 2 decimal places.

Explanation:

2009 Statistics 2016 Statistics 2017 Statistics

Quantity Price Quantity Price Quantity Price

Shoes 90 $50.00 100 $60.00 100 $65.00

Hamburgers 75 $2.00 100 $2.00 120 $2.25

Shirts 70 $40.00 60 $35.00 85 $35.00

Cotton 12,000 $0.90 12,000 $0.75 13,000 $0.80

GDP 2009 = (90 x $50) + (75 x $2) + (70 x $40) = $7,450

GDP 2016 = (100 x $60) + (100 x $2) + (60 x $35) = $8,300

GDP 2017 = (100 x $65) + (120 x $2.25) + (85 x $35) = $9,745

real GDP 2016 = (100 x $50) + (100 x $2) + (60 x $40) = $7,600

real GDP 2017 = (100 x $50) + (120 x $2) + (85 x $40) = $8,640

growth rate = (8,640 - 7,600) / 7,600 = 0.1368 or 13.68%

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2 years ago