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
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.

You might be interested in
Normal profit is the return to the entrepreneur when economic profits are zero. determined by subtracting implicit costs from to
diamong [38]

Normal profit is the return to the entrepreneur when the entire economic profits are equal to zero. Hence, the correct statement is Option A.

<h3>When the business earns normal profits?</h3>

A commercial enterprise may be in a state of normal profit while its economic income is equal to 0, that is why normal profit is also called “zero economic profit.” Normal profit takes place on the factor wherein all sources are being successfully used and could not be put to better use elsewhere.

Hence, Normal profit is the return to the entrepreneur when the entire economic profits are equal to zero. The correct statement is Option A.

learn more about Normal profit:

brainly.com/question/13800389

#SPJ1

5 0
2 years ago
What percent of the bill should you offer as tip to a salon stylist?
skad [1K]

Answer:

c or d

Explanation:

6 0
3 years ago
Read 2 more answers
Tucker Company makes chairs. Tucker has the following production budget for January - March. January February March Units Produc
ziro4ka [17]

Answer:

Total= 45,684 feet

Explanation:

Giving the following information:

Production budget:

February= 10,993

March= 8,559

Each chair produced uses 5 board feet of wood.

Management wants an ending inventory level of raw materials to equal 20% of the production needs (in wood) for the next month.

Direct material budget:

Production= 10,993*5= 54,965

Desired ending inventroy= (8,559*5)*0.2= 1,712

Beginning inventory= (10,993*5)*0.2= (10,993)

Total= 45,684 feet

6 0
3 years ago
Imari brown is attending community college. she has 1000 of educational expenses. she claims herself on her tax return. she is t
wlad13 [49]
Imari Brown should choose $1,000 tax credit since it reduces her taxes by $1,000. Tax credit is a big help for her because it can also reduced her tax by $1000, it is a big saving to her since she still attending community college.
5 0
3 years ago
Jo is duly notified that her mortgage with Fund All Savings has been transferred to Big Loan Co. and that she should henceforth
Likurg_2 [28]

Answer:

Option D; JO IS LIABLE TO BIG LOAN CO. SINCE SHE RECEIVED A NOTICE FROM THEM ABOUT THE ASSIGNMENT.

Explanation:

A mortgage is a loan provided by a mortgage lender or a bank that enables an individual to purchase a home.

Mortgage payments usually occur on a monthly basis and consist of four main parts: principal, interest, taxes and insurance.

A transfer of mortgage is the reassignment of an existing mortgage, usually on a home, from the current holder to another person or entity.

When mortgage is transferred, two notices will be sent: one from the current mortgage servicer and the other from the new servicer. All payments after the notification will be made to the new servicer.

Since Jo was notified about the reassignment from Fund All Savings to Big loan Co. but still continues to pay Fund All Savings and Big Loan Co. sues Jo for nonpayment. What is most likely to be the court's judgement is that JO IS LIABLE TO BIG LOAN Co. SINCE SHE RECEIVED A NOTICE FROM THEM ABOUT THE ASSIGNMENT.

5 0
3 years ago
Other questions:
  • Jose runs a gallery which specializes in neon art with an emphasis on vacation icons like flamingos, dolphins, and palm trees. s
    5·1 answer
  • When a student enters college, tuition is the
    5·2 answers
  • Employees in an advertising company are well paid, yet they all seem to be lacking interest in work and are demotivated. What no
    6·1 answer
  • Businesses contribute to the government s revenue by paying what kind of tax? corporate payroll income sales
    7·2 answers
  • On December 31, 2021, Interlink Communications issued 5% stated rate bonds with a face amount of $113 million. The bonds mature
    8·1 answer
  • g If it is difficult to substitute for a good in the short run, but easy in the long run, then _____ . Group of answer choices t
    7·1 answer
  • Suppose sales increase by 20 percent next month. Calculate the effect that increase will have on her profit. (Round your interme
    13·1 answer
  • Which of the following statements about economic policy are FALSE?
    13·1 answer
  • Depreciation is incorporated into the discounted cash flow analysis of an investment proposal because it: Select one: a. Is a co
    5·1 answer
  • 4. The national average utility cost is $270. 48 per month. If the average electric bill is 44. 9% of the total amount and the a
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!