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natka813 [3]
3 years ago
9

Economists include the word final in the definition of gdp because we​ ____________.

Business
1 answer:
Yuki888 [10]3 years ago
4 0
GDP - Gross domestic product is a measure if the final goods and services produced in their economy over a period of time.  Economist use the word final in the definition of GDP because they are not counting unfinished products or services. An example often used to show a good that is not final is a car rental company. If Enterprise was sold a car from Ford for their rental car fleet, it is not a final good because it will be rented out to a customer. Enterprise is not the final consumer in the process. 
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What represents the value of the second-best alternative that a person gives up when making a choice?
miss Akunina [59]

Answer:

c. oportunity cost

Explanation:

Opportunity cost is the value lost as a result of preferring a particular option over the other.  It occurs when an individual has to choose between two alternatives. For example, Jane can either stock 100 crates of soda or 80 packs of water.  If shes chooses 80 boxes of water, the100 crates of soda represent the opportunity cost.

8 0
3 years ago
One year ago, the Jenkins Family Fun Center deposited $4,500 into an investment account for the purpose of buying new equipment
Iteru [2.4K]

Answer:

Total= $25,891

Explanation:

Giving the following information:

One year ago, the Jenkins Family Fun Center deposited $4,500 into an investment account for the purpose of buying new equipment four years from today. Today, they are adding another $6,300 to this account. They plan on making a final deposit of $8,500 to the account next year.

We need to use the following formula:

FV= PV/(1+i)^n

FV= 4,500*(1.08)^5=6,612

FV= 6,300*(1.08)^4= 8,571

FV= 8,500*(1.08)^3= 10,708

Total= $25,891

5 0
3 years ago
When you tell an acquaintance your telephone number, you do not recite the digits one by one at a constant rate, as in "3, 3, 7,
mojhsa [17]

The answer would be chunking; working. Chunking is a word mentioning to the development of taking separate pieces of information (chunks) and combining them into larger units. By grouping each piece into a large whole, you can progress the amount of information you can recall. The key drive of this is to look for and determine these organized chunks of information in working memory, so that they can then be used proficiently and repeatedly, with slight further input from awareness.

7 0
3 years ago
The purchase of established firms abroad with the goal of using the existing production, marketing, and distribution networks an
lesya [120]

Answer:

Foreign acquisition

Explanation:

8 0
3 years ago
What are six steps in developing your brand's marketing message?
Sveta_85 [38]

Here are Six essential steps for developing consistent brand messages.

1.      Get your facts straight – Do your homework.  Make sure that the messages are accurate, grounded in data.

2.      Remember Context is important – Does each message fit the strategy and mission of the organization, product or service? Don’t use gratuitous statements just because they may be popular at the time.  For example who wouldn’t want to be green right now?  Don’t just say you are green, if you chose to say it make sure it is accurate.

3.      Create clear compelling rationale for the messaging strategy.  When possible support the rationale with insights or other data.

4.      Connect the stakeholders – Make sure the messages, promises, and benefits are appropriately vetted through the organization to ensure that all stakeholders are aware and able to deliver on any direct or implied promises to the consumer.

5.      Test it.  Show the copy or concept to unbiased target audience members.  Are there subtle nuances you didn’t anticipate?  It’s easy for marketers to assume the audience

6.      Solicit feedback from touch points within the organization.  For example customer service centers, front line staff etc.  Use the feedback to improve future communications.

4 0
3 years ago
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