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3 years ago

Identify key components of economic growth

2 answers:

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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Why would a small business conduct less marketing research than a larger, established firm?

labwork [276]

The reason is <span>Marketing research is expensive.
</span>The established firm usually has a large amount of capital at its disposal, so they could do market research in order to strengthen their position.
Small business on the other hand, usually struggle to even barely continuing their operation for the next month.

8 0

3 years ago

Read 2 more answers

Quantity demanded price quantity supplied 45 $10 77 50 8 73 56 6 68 61 4 61 67 2 57 refer to the data. suppose quantity demanded

saul85 [17]

a. When the demand increases by 12 units, the equilibrium price rises to $6.2093 and the equilibrium quantity rises to 67.7442 units.

b. The price elasticity of supply (PES) at equilibrium is 0.20. Since the price elasticity is less than 1, we conclude that supply is inelastic.

From the given data, we can see that the equilibrium price is $4 and the equilibrium quantity is 68 units.

If the demand increases by 12 units at each point of price decline, the demand equation will be :

$Qd = 105 - 6P$

and the supply equation will be:

$Qs = 51.6 + 2.6P$

Since Quantity demanded and supplied are equal at equilibrium, we can equate the demand and supply equations and solve for price (P). Equating the two equations above, we get,

$105-6P = 51.6 +2.6P$

$53.4 = 8.6P$

P = $6.2093

Substituting the value of P in the demand equation, we get,

$Qd = 105 - (6*6.2093)$

$Qd = 105 - 6P$

$Qd = 67.7442$ units

b. Calculation of Price Elasticity of supply at equilibrium level.

P₀ = $4

Q₀ = 61

P₁ = $6.2093

Q₁ = 67.7442

$% change in quantity = [ (Q_1 - Q_0) / Q_0 ] * 100$

% change in quantity = 11.05607%

$% change in price = [ (P_1 - P_0) / P_0 ] * 100$

% change in price = 55.2325%

Price Elasticity of Supply (PES):

$PES = % change in quantity / % change in price$

PES = 11.05607% / 55.2325%

PES = 0.20

8 0

3 years ago

Discounting cash flows involves

Triss [41]

Answer:

The correct answer is letter "D": discounting all expected future cash flows to reflect the time value of money.

Explanation:

Discounting cash flows takes place at any moment given when money is paid at one date but is received at a different point. Discounted cash flows are useful to measure the difference between the present value of money and the receivables that are expected to come at a later stage.

6 0

3 years ago

"Rico's Grill, Inc. is solely owned by Rico Vito. Rico's Grill borrows $10,000 from a local bank to finance the purchase of a ne

Aneli [31]

Answer:

Need not make any special disclosure

Explanation:

The reason is that it is not a parent-subsidiary transaction which means if the group as a whole trade with each other then they must add a special disclosure in the financial statement otherwise it must be neglected. The company must not specially disclose small borrowings from the lenders when it is presenting that figure in the financial statement borrowing figures. If the transaction is between the group or the borrowings are prominent it must be disclosed separately in the note to financial statement.

8 0

3 years ago

A Swedish tour guide has devised a clever way for his clients to recognize him. He owns 13 pairs of shoes of the same style, cus

Bezzdna [24]

Answer:

P(13,2) = 169

Explanation:

We have to calculate the combinations for left and right shoe considering is not the same having a right shoe blue and left red than having a right shoe rend and a left red.

there are 13 pairs from whcih she will take a single pair:

$P(n,r) = n^{r} \\$

where:

n = number of pair = 13

r = shoes = 2 (one on each foot)

$P(n,r) = 13^{2} \\$

P(13,2) = 169

5 0

3 years ago