Answer:
a service, that will be counted as part of GDP.
Explanation:
Gross domestic product is a sum total of all goods and services produced by a country in a given period.
GDP only measures market transactions that involves a goods or service provider and a consumer.
Mowing your lawn by yourself is not measured as part of GDP since it is non commercial.
However when you hire Larry's Lawn Service and pay them to mow your lawn, this is a GDP item.
Answer:
Rising birthrates can both improve and damage a national economy. A high birth rate requires good health facilities, advanced team of nursing and advanced technology in hospitals that ensures a smooth birth process. Moreover the since the population would be rising there is going to be extra demand for food, shelter, schools etc.
Population growth increases labor force and, thus, increases economic growth. A large population also provides a large domestic market for the economy. So we can easily say that, population growth encourages competition, which generates technological advancements and innovations.
Answer:
19,840 pounds
Explanation:
The computation of actual quantity of materials is shown below:-
Materials usage variance = (Selling quantity - Actual quantity) × Standard Price
= (10,000 × 2 - Actual quantity) × $10 = $1,600
= (20,000 - Actual quantity) × $10 = $1,600
= 20,000 - Actual quantity = $160
Actual quantity = 20,000 - $160
= $19,840 pounds
Therefore for computing the actual quantity of materials we simply applied the above formula.
There are a lot of firms. Organizational buyers is the type of organization that Nour run.
<h3>What is Organizational buyers?</h3>
Organizational buyers are known to be people or firm that often buy direct from the manufacturers of products as at the time when the products are complex and said to be expensive pieces of equipment that needs custom design and installation.
Note that the organizational buyer often purchases in a lot of large volumes of goods to sell to others.
Learn more about Organizational buyers from
brainly.com/question/536509
Answer:
The correct answer is: Increase the price in order to increase revenue.
Explanation:
To begin with, the price elasticity of demand for a product is the concept known in the economics that refers to the variation that happens in the quantity demanded of a product when the price of it changes a bit. Moreover, when the price elasticity of demand is 0.5 the product is relatively inelastic and therefore that if the price increases the quantity demanded will basically stay the same more less and that is why if the price increases the product will no suffer changes in its quantity demanded and that will cause the supplier to earn a higher total revenue.