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Anuta_ua [19.1K]
4 years ago
15

What is a country‘s GDP

Business
1 answer:
geniusboy [140]4 years ago
6 0

Answer:

Is an economical index of the total value of the economy of a country.

Explanation:

<u><em>Gross Domestic Product </em></u>is the most used index to measure economical performance of a country.  

The formula to calculate it is GDP = C + I + G + (X – M) were:

C: consumption

I: Investment

G: Government expenditure

(X-M): Exports - Imports.

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They achieve this by finding the most relevant and popular keywords for the site and its products, and using those keywords on the site in a way that will generate and convert traffic.

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Would you rather own your own business or become a franchise
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own a business

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How many start-up businesses are created each year
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4 years ago
The four important characteristics that define a perfectly competitive market are: Multiple Choice standardized good, full infor
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Answer:

standardized good, full information, no transactions costs, participants are price takers.

Explanation:

Perfectly competitive markets are theoretical, because even commodities' markets (e.g. corn, oil, etc.) do not comply 100% with all the characteristics of a perfectly competitive market, but are close enough to consider them as such.

The 5 characteristics of perfectly competitive markets are:

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  4. No barriers to entry
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As I said before, no market complies 100% with these requirements, but some commodities' markets get close enough, but even there:

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