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tester [92]
3 years ago
11

If the economy's actual GDP is greater than its potential GDP, then there is high unemployment in that economy. Group of answer

choices True False
Business
2 answers:
DanielleElmas [232]3 years ago
7 0

Answer:

FALSE

Explanation: GDP( GROSS DOMESTIC PRODUCT) is a Macroeconomics concept which means the total value of a country's product calculated within a specific time.

REAL GDP: is a measure of the values of a country's products adjusted according to inflation.

POTENTIAL GDP is theoretical concept which is the value of what a country can produce at a constant inflation rate.

When REAL GDP IS GREATER THAN POTENTIAL GDP THE COUNTRY IS AT MORE THAN FULL EMPLOYMENT.

Vladimir [108]3 years ago
4 0

Answer:

False

Explanation:

When the economy falls into recession, the GDP gap is positive, meaning the economy is operating at less than potential (and less than full employment). When the economy experiences an inflationary boom, the GDP gap is negative, meaning the economy is operating at greater than potential (and more than full employment).

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Eddie Falco went to a grocery store to buy his favorite brand of ice cream. However, the store was temporarily out of that brand
arlik [135]

Answer:

limited problem solving

Explanation:

 Limited problem solving -

It refers to the process of buying certain goods and services , when the person have only limited knowledge about the product , is referred to as limited problem solving .

People having lack of knowledge may even end up buying the wrong product  .

Hence , from the given scenario of the question ,

The correct term is limited problem solving .

5 0
3 years ago
What is one example of a planned economy?
Daniel [21]

Answer:

socialist economy

Explanation:

A planned economy is a system where the government or the central authority makes all major economic decisions. The government decides on the type and quantities of goods to produce and for whom to produce. In the planned economy, factors of production belong to the government. Manufacture of goods and services is motivated by service to the community, not profits.

A socialist economy is a good example of a planned economy. Just like in a planned economy, a socialist economy is characterized by heavy government involvement. The state controls the factors of production. Public service is the reason for economic production, while consumers do not have the liberty to choose products.

6 0
3 years ago
An event that must occur in order for a party's duty to arise is called a(n) ________________.
Radda [10]
This is what they call <span>condition precedent. The party's task to </span><span>perform arise after a specific event happens. However, when the event never happens, </span><span>the duty of the party to </span>perform will<span> never arise. The parties are discharged from the contract.</span><span> </span>
8 0
3 years ago
When workers are not motivated to achieve organizational goals, the fault is often with the workers themselves. true false?
qaws [65]
False it may be from the organization itself they might try rewarding the worker for example a company might take the workers to expensive workshops or to a trip as a type of reward or giving them a bonus to their salaries or a health insurance or a simple thing like involving them in a decision this may motivate the worker and make them feel part of the company   <span />
3 0
3 years ago
Fitfabfun, trunk club, and naturebox represent a social media trend for the future. What change does this represent?
wel

This represents online and subscription-based personal shopping.

Fitfabfun, Trunk Club, and Naturebox offer their services on a subscription basis and as written this represents the trend of social media in the future and this represents online and subscription-based personal shopping.

The main qualifications of an online shopper are the physical strength to move and lift items during the shift and the ability to process orders with a high level of accuracy. Employers prefer applicants with customer service, hospitality, retail, or grocery experience.

An online personal shopper is a retailer who helps customers shop. Individual buyers who work in the fashion industry typically focus on selling clothing and accessories and often survey their customers before purchasing an item to better understand their personal styles and preferences.

Disclaimer: Learn more about online shopping  here

brainly.com/question/3988691

#SPJ4

7 0
1 year ago
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