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Anni [7]
3 years ago
14

Suppose that Inventories fall by $2 billion, Consumption increases by $8 billion, Welfare Payments decline by $3 billion, Export

increases by $1 billion and Import also increases by $2 billion. Ceteris paribus! By how much should measured-GDP change?
Business
1 answer:
Georgia [21]3 years ago
8 0

Answer: <u><em> The measured-GDP would increase by $5 billion.</em></u>

Explanation:

Given :

Inventories fall by $2 billion,

Consumption increases by $8 billion,

Welfare Payments decline by $3 billion,

Export increases by $1 billion

Import also increases by $2 billion.

Note: While calculating GDP we will not include Welfare payments in it.

GDP = C + I + G + (X-M)

GDP = -2 + 8 + 1 - 2

GDP = $5 billion  

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3 years ago
Goal displacement, satisficing, and groupthink are:
Grace [21]

Goal displacement, satisficing, and groupthink are the<u> advantages of </u><u>group decision-making.</u>

Group decision-making simply means the process where several individuals act collectively in order to analyze a particular problem.

During group decision-making, several ideas are considered and the best approach or idea is chosen in order to achieve a particular goal.

Some of the advantages of the <em>group decision-making</em> include goal <em>displacement, satisficing</em>, and groupthink.

Read related link on:

brainly.com/question/25067788

6 0
2 years ago
A difference between explicit and implicit costs is that a) explicit costs must be greater than implicit costs. b) explicit cost
Andrej [43]

Answer:

Implicit costs do not require a direct monetary outlay by the firm, whereas explicit costs do.

Explanation:

Rent, salary, and other operating expenses are considered explicit costs. They are all recorded within a firm's financial statements, meaning they are present and clearly shown or reported as a separate cost. The main difference between the two types of costs is that implicit costs are opportunity costs, meaning that it is present but it is not initially shown or reported as a separate cost, while explicit costs are expenses paid with a company's own tangible assets. In other words, explicit costs are always shown, implicit costs are not, at least initially, exactly like the meaning words suggest.

8 0
3 years ago
thinking strategically about industry and competitive conditions in a given industry involves evaluating such considerations as
oksian1 [2.3K]

Answer:

E. how often sellers alter their prices, how sensitive buyers are to price differences among sellers, whether the item being purchased is a good or a service, and whether buyers buy frequently or infrequently.

Explanation:

Options are <em>"A. cultural, lifestyle, and demographic changes, B. the birth of new industries, new knowledge, and disruptive technologies, C. weather, climate change, and water shortages, D. interest rates, exchange rates, unemployment rates, inflation rates, and economic growth, E. how often sellers alter their prices, how sensitive buyers are to price differences among sellers, whether the item being purchased is a good or a service, and whether buyers buy frequently or infrequently." </em>

Thinking strategically about industry and competitive conditions in a given industry involves evaluating such considerations as <u><em>how often sellers alter their prices, how sensitive buyers are to price differences among sellers, whether the item being purchased is a good or a service, and whether buyers buy frequently or infrequently.</em></u>

The strategy decision making about the industry and competitive conditions involve evaluating the prices, buyer sensitivity to the prices, serviceability & frequency.

7 0
3 years ago
Benchmarking is the process of comparing other organizations’ activities against the practices used in one’s own organization to
mina [271]

Answer:

The correct answer is True.

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Benchmarking is a continuous process by which the products, services or work processes of leading companies are taken as a reference, to compare them with those of your own company and then make improvements and implement them.

It is not about copying what your competition is doing, but learning what leaders are doing to implement it in your company by adding improvements. If we take as a reference those who stand out in the area that we want to improve and study their strategies, methods and techniques to subsequently improve and adapt them to our company, we will achieve a high level of competitiveness.

8 0
3 years ago
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