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AVprozaik [17]
3 years ago
5

Identify key components of economic growth

Business
2 answers:
jenyasd209 [6]3 years ago
7 0

Economic growth, as measured by GDP, is driven by two components: population growth and labor productivity. Labor productivity reflects the capacity for increased output from the existing quantity of labor in the economy. Various government agencies and independent analysts produce measures of labor productivity.

Lady bird [3.3K]3 years ago
5 0

The key components are labour productivity and population growth as measured by GDP.Labor productivity measures and shows how much an increase in output has resulted from the current quantity of labor in the economy.For population growth,the higher the population,it is taken to mean presence of labor.However this depends on other factors such as total employment and the type of labor force required.

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Suppose you were hired as a consultant for a company that wants to penetrate the Comp-XM market. This company wants to pursue a
cupoosta [38]

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Chester Company is the strongest Competitor

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4 years ago
In November 2016, General Motors produced a car that was delivered to a local dealership in December 2016. The auto was sold to
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Answer:

It will be counted as investment in 2016 and negative investment in 2017.

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4 0
3 years ago
Mostert Music Company had the following transactions in March: Sold music lessons to customers for $12,050; received $6,650 in c
bezimeni [28]

Answer:

Under Cash Basis all transactions for which cash is exchanged whether paid or received is accounted for.

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Under Accrual basis, the transactions are recorded as to the period they relate, and it is not necessary to exchange cash for the same.

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7 0
3 years ago
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Answer:

C. Scenario Analysis.

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