Answer:
A. Nominal GDP is $2,000, real GDP is $2,000 and GDP deflator is 100.
Explanation:
Nominal GDP is the the total value of goods produced in a country in a given time period and valued at the current market price i.e not adjusted for inflation.
Here to calculate nominal GDP for Mainia in 2006, the total quantity of goods produced in the current year(2006) will be multiply by the current market price.
Cranberries Maple Syrups Total
50 units 100 units
<u>$20</u> <u> $10</u>
$1,000 $1,000 $2,000
In contrast, Real GDP is measured using the base year price. The reason is to adjust for inflation which might have occurred between the two years.
Here to calculate real GDP for Mainia in 2006, the total quantity of goods produced in the current year (2006) will be multiply by the base year price (2005):
Cranberries Maple Syrups Total
50 units 100 units
<u>$10 </u> <u> $15 </u>
$500 $1,500 $2,000
GDP deflator measures the movement in value of goods and services produced in the current year in relation to the base year value.
Here is the formula:
GDP deflator = <u>Nominal GDP</u> x 100
Real GDP
GDP deflator = <u>$2,000</u> x 100
$2,000
GDP deflator = 100
Always agreeing with anyone above you
Not accepting ideas
Lack of communication, up and down and across
Keeping information inaccessible
Not understanding your customers
Staff don't participate in any decisions
No team work, everyone out for themselves
Little chance of advancement
No reward system
Not following their own policies
Inconsistency in products or service
Maybe that's enough, huh?
Answer :
Correct answer is Option (e)
Explanation :
As per the data given in the question,
Option (e) is the correct answer, which indicates that Event 2nd should probably get the most attention and Event 3rd should probably get the least.
The reason behind it is Event 2nd has the highest probability of occurrence at 0.6 and cost associated with it is also the greatest at $54,000. Event 3rd has the least probability of occurrence at 0.1 and the cost associated with its occurrence is also the smallest at $12,000.Therefore this Event should be given least importance.
Answer: Extension and strengthening becomes more important than creating new brands
Explanation: E-commerce (electronic commerce) is a term used in the trade and commerce to describe the trading or commercial activities driven by electronic systems such as internet, social media etc,this type of commerce or trade is technologically driven. It is made up of the following stages
Stage 1 : involves the initial starting and it is characterized by a fast growth.
Stage 2: PLATEAUING GROWTH OR CONSOLIDATION OF GROWTH IS CHARACTERIZED BY THE LEVELING UP OR STABILISATION OF GROWTH AFTER THE INITIAL FAST GROWTH EXPERIENCED IN THE FIRST STAGE. In this stage, Extension and strengthening becomes more important than creating new brands.
Stage 3: Renewed growth characterized by the implemention of changes both platforms or systems, characteristics, resources and procedures etc.
The point at which it is no longer advantageous to buy in bulk is known as marginal. It is the incremental increase in a benefit to a consumer caused by the consumption of an additional unit of good.Marginal benefits normally decline as a consumer decides to consume more and more of a single good.
