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
irga5000 [103]
3 years ago
13

You find that real GDP per capita in Burundi is $800 while real GDP per capita in the United States is $50,000. What is misleadi

ng about these figures when comparing standards of living?
Business
1 answer:
AleksandrR [38]3 years ago
5 0

Answer: The amount of people live in the countries are different.

Explanation:

It is common for a country to use GDP as economic prosperity or living standards. When comparing the GDP of different countries for this purpose, two problems arise immediately.

1) The GDP of a country is measured in its own currency, for example, the US uses one US dollar; Most Western Europe countries use euros. Therefore, comparing GDP between the two countries requires its conversion into a common currency. However, currencies have already been changed (the Burundian franc was replaced by the US Dollar).

2) The countries have a very large number of people. For example, there are more than 250 million people in the United States and 12 million people in Burundi, so that will cause problems.

The problem is, while the exchange of currencies and comparisons is a good thing, we need to make sure we have a good comparison of demographic data and the number of people, so that we can analyze the GDP differences between these countries.

You might be interested in
Kay & Maggie's, a beauty salon, is conducting a survey to find out how satisfied its customers are with the service provided
SashulF [63]

Answer:

It is both qualitative data and primary data.

Explanation:

Qualitative data is data that is not expressed in numerical values. Kay & Maggie are asking for opinons in the survey and interviews. These opinons are not numbers, they are words, language, therefore, they are qualitative.

It is primary data because Kay & Maggie are collecting the information directly from the desired source, the customers, instead of collecting the data from a third party.

7 0
3 years ago
The basis for Durkheim's theory of society is the principle that Select one: a. people are the products of their social environm
Molodets [167]

Answer:

a. People are the products of their social environment.

Explanation:

The basis for Durkheim's theory of society is the principle that people are  the products of their social environments. around them. Emile Durkheim is a well known sociologist  and developed lots of social structure theories, which includes the Division of labor, Anomie and Functionalism. The theories of Emile Durkheim's  were founded on the concept of social facts, defined as the norms, values, and structures of society.

4 0
4 years ago
Mona sets up a business consulting firm in which the employees are motivated because they find their work interesting and creati
gayaneshka [121]

Answer:

Letter C is correct. <em>A firm that relies on high output controls to tap into intrinsic motivation.</em>

Explanation:

By carefully selecting the employees of his consulting firm, Mona ensures that each employee's expected competency and skills profile has been met through rigorous selection, which enhances the chances that operational strategies will be more widely deployed and accepted effective.

By setting the expected results, but letting the employees themselves define how to achieve them, it generates an intrinsic motivation, one that generates internal feelings in the individual to want to achieve personal goals, objectives and projects that motivate and stimulate them.

4 0
4 years ago
What does the size of the dividend per share of stock depend on?
defon

Answer:

The size of the dividend per share of stock depends on: The corporation's profit

Dividend per share is calculated by: Total dividend / Total shares outstanding,

Which means that dividend per share will increase if the total dividend increases.

Meanwhile, the total dividend will be increased if the company gains more profit

4 0
3 years ago
Read 2 more answers
In order to build large production units and expedite certain routine government actions related to this, Scorpius Inc. made leg
const2013 [10]

Answer:

b. speed money

Explanation:

Speed money -

It refers to the amount of money provided in order to increases the time period of any process or task , is referred to as speed money .

It is also known as grease payments .

It is different from the bribe , as bribe is given in order to approve the activity or task .

But speed money is used to hasten the time period .

Hence , from the given question ,

The correct answer is speed money .

3 0
3 years ago
Other questions:
  • The following is not a distinguishing characteristic of a life estate.
    10·1 answer
  • Operating assets include cash, accounts receivable, and inventory but not any depreciable fixed assets.
    8·1 answer
  • Sunny Corporation began the year with cash of $ 141, 000 and land that cost $ 55, 000. During the year Sunny earned service reve
    14·1 answer
  • A bank can decrease the degree of moral hazard if it a. ​Monitors the borrowers behaviors b. ​Placing covenants on the loan c. ​
    8·2 answers
  • To minimize the invasion of privacy, _____.
    13·1 answer
  • Plantronics managers believe that most people around the world can wear the same type of headset. The goal is to manufacture all
    11·1 answer
  • Walman Corp. manufactures products X, Y, and Z from a joint production process. Joint costs are allocated to products on the bas
    6·1 answer
  • Maggie called her insurance agent after estimating the damages. She had already spent $2,000 on pumping out the water and repair
    7·2 answers
  • Real Cool produces two different models of air conditioners. The company produces the mechanical systems in their components dep
    11·1 answer
  • Prepare the issuer's journal entry for each of the following separate transactions.
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!