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Scrat [10]
3 years ago
10

Because different nations have vastly different numbers of people living in them, Gross Domestic Product (GDP) is a very poor wa

y to compare the economic well-being of people in different countries. What economic statistic is used by economists in its place? A. GNP B. per capita GDP C. wealth total D. life expectancy.
Business
1 answer:
fiasKO [112]3 years ago
3 0
I think the correct answer from the choices listed above is option A. Gross National Product or GNP is used by economists in place with GDP. Gross National Product is an expression used to measure economic growth and wealth. It includes the value of all goods and services in a given period of time.
You might be interested in
Stark Industries was just rated number one for job satisfaction on a survey compiled by an outside entity. The report cited that
Xelga [282]

Answer:

organizational commitment; perceived stress

Explanation:

Organizational commitment is the psychology of the employee towards his organization. This may be good and bad. If employee is happy with his work environment he will try to give the 100% of his job and its increases his working capacity. Employee think good about his organization and want stick with the organization passionately for a longer time. So they have low level of perceived stress.

According to the analysis, strong organizational commitment and reported low levels of perceived stress is the reason that stark industries was rated number one for job satisfaction.

3 0
3 years ago
A shift in a PPC/PPF to the right (or outward) illustrates Growth which may be generated by __________________ (better utilizing
Elina [12.6K]

Answer:

The correct answer is economic growth.

Explanation:

A production possibility curve or frontier shows the different combinations or bundles of two goods that can be produced using limited resources. The curve is concave because of increasing opportunity cost.  

An outward shift in the production possibility curve shows an increase in the level of production. This can happen because of two reasons ,

  1. Increase in the quantity of resources available , and
  2. Improvement in technology

Both of these factors will help in increasing the level of production. In other words, we can say that the outward shift in the production possibility curve shows economic growth.

8 0
4 years ago
In countries where inflation is expected to be high, interest rates also will be high, because investors want compensation for t
Degger [83]

Answer:

Fisher effect

Explanation:

Fisher effect is the effect in the economic theory that is established by the economist Irving Fisher, which states the relationship among the inflation and both nominal and the real interest rates.

This effect state that the real rate of interest equals to the nominal rate of interest deduct the expected inflation rate.

So, the relationship which is mentioned in the question is the fisher effect as it state the rate of interest that reflect the expectations likely the future inflation rates.

5 0
3 years ago
Solving for dominant strategies and the Nash equilibrium Suppose Nick and Rosa are playing a game in which both must simultaneou
slava [35]

Answer:

The only dominant strategy in this game is for <u>NICK</u> to choose <u>RIGHT</u>. The outcome reflecting the unique Nash equilibrium in this game is as follows: Nick chooses <u>RIGHT</u> and Rosa chooses <u>RIGHT</u>.

Explanation:

                                                  ROSA

                                     left                          right

                                    4 /                            6 /

                left                  3                              4

NICK                                                      

               right             6 /                             7 /

                                       7                               6

Rosa does not have a dominant strategy since both expected payoffs are equal:

  • if she chooses left, her expected payoff = 3 + 7 = 10
  • if she chooses right, her expected payoff = 4 + 6 = 10

Nick has a dominant strategy, if he chooses right, his expected payoff will be higher:

  • if he chooses left, his expected payoff = 4 +6 = 10
  • if he chooses right, his expected payoff = 6 + 7 = 13

The only possible Nash equilibrium exists if both Rosa and Nick choose right, so that their strategies are the same, resulting in Rosa earning 6 and Nick 7.

8 0
3 years ago
Mega Loan Company has very stringent credit requirements and, accordingly, has negligible losses from uncollectible accounts. Th
Marianna [84]

Answer:

The correct answer is letter "C": Materiality.

Explanation:

The Materiality principle refers that one of the accounting standards can be left behind only if it has an irrelevant impact on the financial statements. According to the Generally Accepted Accounting Principles (GAAP) only when an item is "<em>immaterial</em>", provisions for the transaction derived from that item are not mandatory. But, the definition of what is material and immaterial is not provided by the GAAP, then, it relies on the judgment of the accountant.

7 0
4 years ago
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