1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Goryan [66]
3 years ago
15

Economic growth is an increase in a nation’s output of goods and services over time. True or False

Business
1 answer:
ICE Princess25 [194]3 years ago
5 0

Answer:

The statement is: True.

Explanation:

Economic growth happens when an economy's market value of goods and services rises in one period compared with another. Economic growth is typically measured by looking into an economy's Gross Domestic Product (GDP). Nonetheless, due to inflation, economists and analysts frequently tend to calculate economic growth through the annual percentage change in real GDP and percentage change in per capita GDP per year.

You might be interested in
If workers and firms have rational expectations, they understand that ________ monetary policy will raise the inflation rate, so
Deffense [45]

Answer:

<u>expansionary; will be equal to</u>

Explanation:

<em>Remember</em>, monetary policies are basically divided into:

  1. expansionary monetary policy, and
  2. contractionary monetary policy.

Indeed, as the name implies, the expansionary monetary policy is meant to in a sense boost up economic growth in terms of reducing interest rates thereby theoretically increasing spending and also leading to an increase in the money supply. When there is an increase in the money supply, this thus leads to an increased inflation rate, which would be expected if workers and firms have rational expectations.

6 0
3 years ago
How many people are in the USA?
likoan [24]
Google the statistics
7 0
3 years ago
Read 2 more answers
Young married couples that find themselves running out of money at the end of the month might be well advised to:
xxMikexx [17]
Keep track of all their expenses
7 0
3 years ago
Lina wants to be a lawyer for her future career. Which extracurricular activity would be the most helpful? teacher’s aide marchi
Aleksandr [31]
I believe your answer would be C. Speech and Debate. Being a lawyer requires lots of debate, and speech to support your answer and make it more clear. 
3 0
3 years ago
Read 2 more answers
A business rents bicycles and in-line skates. Bicycle rentals cost $25 per day, and in-line skate rentals cost $20 per day. The
Alja [10]

Answer:

a.

25 b+20 s=455...equation 1

b+s=20...equation 2, where b and s are the number of bicycle and in-line skate rentals per day.

b. The business had 11 bicycle rentals and 9 in-line skate rentals.

Explanation:

a.

<em>Step 1: Determine an equation for total revenue today</em>

Since the business rents bicycles and in-line skates, the total revenue will be as a result of amount received in revenue from renting the bicycles and in-line skates. This can be expressed as shown;

T=(B×b)+(S×s)

where;

T=total revenue

B=bicycle rental cost per day

b=number of bicycles

S=in-line skate rental cost per day

s=number of in-line skates

In our case;

T=$455

B=$25 per day

b=unknown

S=$20 per day

s=unknown

Replacing;

(25×b)+(20×s)=455

25 b+20 s=455...equation 1

<em>Step 2: Determine an equation for total rentals today</em>

The equation for the total number of rentals is;

R=b+s

where;

R=total number of rentals today

b=number of bicycles

s=number of in-line skates

In our case;

R=20

b=unknown

s=unknown

Replacing;

b+s=20...equation 2

b.

<em>Step 3: Combine equation 1 and 2 ans solve simultaneously</em>

1(25 b+20 s=455), multiplying equation 1 by 1=25 b+20 s=455

     20(b+s=20), multiply equation 2 by 20=20 b+20 s=400

25 b+20 s=455

-

20 b+20 s=400

5 b+0 s=55

(5 b)/5=55/5=11

b=11, replace the value for b in equation 2 and solve;

(20×11)+20 s=400

220+20 s=400

20 s=400-220=180

20 s=180

s=(180/20)=9

The business had 11 bicycle rentals and 9 in-line skate rentals.

8 0
3 years ago
Other questions:
  • The first step any investor should take before beginning to invest is to __________.
    11·1 answer
  • MSI is considering outsourcing the production of the handheld control module used with some of its products. The company has rec
    7·2 answers
  • Why is social security and Medicare spending expected to in crease further in the near future? -) the people who qualify will al
    14·1 answer
  • Which course of action would the WTO take if member A tries to impose a trade barrier against member B?
    12·2 answers
  • Capes Corporation is a wholesaler of industrial goods. Data regarding the store's operations follow:
    8·1 answer
  • Delta Lighting has 30,000 shares of common stock outstanding at a market price of $15 a share. This stock was originally issued
    5·1 answer
  • For 2016, Gourmet Kitchen Products reported $22 million of sales and $19 million of operating costs (including depreciation). Th
    9·1 answer
  • How did the pressure change from when it was your turn to be a leader, than when you were just a supporting member? (Take your t
    8·1 answer
  • Refer to the data below to answer the following questions:
    6·1 answer
  • A firm that is considering changing the colors used on its packaging wants to determine the effect of different color schemes on
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!