<em>Did you hear about the actor who fell through the floorboards?</em>
<em>He was just going through a stage.</em>
Biotechnology helps increase the crop yields to meet human needs and demands in the years to come. Assuming that the production of crops today, March 2017 is 10 million tons and the demand for crops is determined using the given population which is 7 billion. If an average person needs 10 kg of food daily, the needed food is a total of 70 million tons. The current supply is 10 million tons per day, so a balance of 60 million tons per day is still needed. Therefore, farmers have to produce 85.71% more grain to feed human population in 2018.
In the case of lending money (for a vehicle or a mortgage for example), this may be an indication of irresponsible lending practices. If there is a substantial increase in bad debts, it means that less creditworthy borrowers (borrowers who are less capable or likely to repay) are obtaining credit too easily.
In the case of bad accounts receivable for a company, there are similar implications, but it also could mean that the inventory that a company is selling is not being sold quickly enough by the retailer. One example could be ToysRUs having overdue accounts due to its partnered toy makers, such as Hasbro. It could be a sign that the demand for the product is not sufficiently high to sell the full amount of purchased inventory, at least when being sold through that retailer.
Answer:
The correct answer is ii. The unemployment rate will rise in the short run but return to the natural rate of unemployment in the long run, and real GDP will drop below potential GDP in the short run but return to potential GDP in the long run.
Explanation:
The economic recession occurs when there is a decrease in economic activity within a specific country. If shock actions are not taken, the most likely thing that happens is that companies stop hiring staff because they will require much less labor. This situation is explained in Okun's law, which mathematically demonstrates the relationship between the unemployment rate and economic growth.
