Answer:
<em>(A). Law of 68 per cent </em>
range = mean + /- 1(standard deviation)
= 9 + / -1(10)
= 9 - 1(10) to 9 + 1(10)
= -1 to 19
<em>(B). Law of 95 per cent </em>
range = mean +/- 1.96(standard deviation)
= 9 +/- 1.96(10)
= 9 - 1.96(10) to 9 + 1.96(10)
<em>= -10.6 to 28.6</em>
<em>(C). Law of 99 per cent </em>
range = mean +/- 3(standard deviation)
=9 +/- 310()
=9 - 3(10) to 9 + 3(10)
<em>= -21 to 39</em>
Answer:
Letter B. real income and employment.
Explanation:
Economic cycles describe the fluctuations that occur in income and employment in the economic system. This cycle may be one of expansion, a lasting movement of real income and employment growth, or it may be of recession, where the economic economy presents a significant and widespread decline in real income and employment. For example, the 2008 crisis has caused recession in many countries, leading to a fall in real income and employment.
Answer: The gross domestic product.
Explanation:
The gross domestic product is the best measure used to check the performance of a country's economy within a certain period. The gross domestic product of a country is the value of all products and services produced within that country within a period (usually a year). If the gross domestic product of a country is increasing it means an economic growth is being experienced.
Answer:
A
Explanation:
consumers reduce spending because of a recession
TRUE.
The labor-supply curve is affected by the trade-off between labor and leisure.
The opportunity cost of leisure depends on the wage rate, it increases and people supply more labor. Main factors determining the labor supply curve how desirable the work appears to its employees relative to the alternatives available in the market.
Other factors that encourages are government policies and procedures that are labor and trade effective or not. The quantity of workers trained for a particular job specifications. The number of workers in economy and the education required further.
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