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In the political state of the world as at now, a lot of countries are using representative democracy where there seems to economic power tussle between China and America.
<h3>What is the current state of the world economy?</h3>
The economy of different nations are said to be growing wile some are expressing some financial crises.
Note that studies has shown that Global growth will rise to about 3.4 percent for 2021.
Therefore, In the political state of the world as at now, a lot of countries are using representative democracy where there seems to economic power tussle between China and America.
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Answer:
Inflation = 9.5%
Explanation:
Inflation can be defined as the persistent general rise in the price of goods and services in an economy at a specific period of time.
Given the following data;
Nominal interest rate = 7 percent.
Real interest rate = -2.5 percent
Real interest rate = Nominal interest rate - Inflation
Inflation = Nominal interest - Real interest rate
Inflation = 7 - (-2.5)
Inflation = 9.5%
Explanation:
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Answer:
A - Value co - creation
Explanation:
Value co - creation is a strategy that promotes and encourages active involvement from the customer to create on-demand and made-to-order products. with this strategy, consumers get exactly what they want and are involved in making it happen. So the Art gallery using such information is clearly using a value - co creation strategy to build loyalty among its customer.