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irinina [24]
3 years ago
13

Potential GDP refers to the level of ___________ Select one: a. Nominal GDP in the long run. b. Nominal GDP in the short run. c.

Real GDP in the long run. d. Real GDP in the short run.
Business
2 answers:
Aloiza [94]3 years ago
8 0

Answer:

c. Real GDP in long run

Explanation:

Potential GDP refers to the level of real GDP in long run.

Elanso [62]3 years ago
6 0

Answer: Real GDP in the long run.

Explanation:

Potential Gross Domestic Product(GDP) or Full employment GDP is a theoretical GDP level that an economy would attain full employment is reported. Potential GDP is the GDP level where there is zero unemployment in the economy. It is the point where there is Pareto efficient, i.e., when there cannot be an increase in the aggregate output in the economy without an increase in the inputs level.

Potential GDP is the maximum attainable production level in an economy and its calculation relies on the assumption of a full employment. It is the highest level of the long run GDP that can be maintained with the technology level. Generally, full employment GDP refers to real GDP. The potential GDP is measured in terms of real goods and services.

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Where is focus located in concave mirror?
gogolik [260]

Answer:

you are correct for this answer

4 0
2 years ago
Perfect substitutes A. always have indifference curves with slopes of minus1. B. have horizontal indifference curves. C. always
torisob [31]

Answer:

Option (D) is correct.

Explanation:

Perfect substitute goods are the goods which can be used in place of each other.

Perfect substitutes refers to the goods which are having identical characterstics, features and provide the exactly same level of satisfaction.

The marginal rate of substitution for these perfect substitute goods remains constant which means that the trading of one good for the another good is at a fixed rate.

3 0
3 years ago
​Revel Inc., a cell phone manufacturer, decides to launch its new range of smartphones on the company's official Web site so tha
Nikolay [14]

Answer:

The answer is: Place

Explanation:

The four elements of the marketing mix (4 P´s) are:

  • Price
  • Product
  • Place
  • Promotion

Place (or distribution) refers to the point of sale.

Before Amazon, retailers would pay high prices for the right place to set up a store, "location, location, location" was everything. But internet sales shattered that scheme, just ask Sears or JC Penny about it.

With internet sales you can sell your product anywhere (all around the world) and many times you don´t even need a physical store. All you need are good logistics.

3 0
3 years ago
On July 1 the Skysong, Inc. paid $19680 to Acme Realty for 6 months rent beginning July 1. Prepaid Rent was debited for the full
Ghella [55]

Answer:

The adjusting entry is as follows;

July 31

Rent Expense                                               Debit        $ 3,280

Prepaid Rent                                                 Credit                       $ 3,280

To record rent expense for the month of July

Explanation:

Prepaid rent payment                                                           $ 19,680

Period of payment                                                                 6 months

Period of benefit                                                                   1 month

Rent expense for 1 month I.e July is computed as

$ 19,680/6 months * 1 month                                                  $ 3,280

3 0
3 years ago
A negotiated agreement between an organization and another group to exchange things such as goods, services, information, and pa
Makovka662 [10]

A contract is a negotiated agreement between an organization and a group to exchange goods, services, information and patents.

<h3 /><h3>Business contract</h3>

It is a formal agreement that establishes the rules, rights and obligations between a working partnership. It exists so that the agreements are fulfilled as previously established, with legal consequences for the party that does not comply with a contractual provision.

Therefore, the contract is a guarantee to two companies that want to come together in favor of some joint negotiation, establishing in common agreement the responsibilities necessary for the organizational integration to be effective.

The correct answer is:

  • Contract

Find out more information about business contract here:

brainly.com/question/984979

3 0
2 years ago
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