Making hypothetical changes to data and observing the results exists option b. What-if analysis
<h3>What is What-if analysis?</h3>
What-If Analysis exists as the method of changing the values in cells to see how those differences will affect the outcome of formulas on the worksheet. Three types of What-If Analysis tools come with Excel: Scenarios, Goal Seek, and Data Tables. Scenarios and Data tables bear sets of input values and choose possible outcomes.
A what-if analysis or sensitivity analysis exists as a powerful decision-making tool that permits brands to understand what kind of business consequences can arise from modifying one or more variables.
A what-if analysis exists as a study an individual or company creates about a particular number of events where variables are adjusted to determine what the outputs would be. This approach stands typically implemented when there exists limited information from where to create a concise decision. Then, individuals control to outline all the possible outcomes to find out what their risks are.
Software like Microsoft Office Excel promotes the implementation of what-if analysis.
Hence, Making hypothetical changes to data and observing the results exists option b. What-if analysis.
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Answer is d. all of the above
Answer:
$ 25
Explanation:
As per the description, the exact amount that is being contributed from the corn bushel to the Gross Domestic Product would be $ 25. The price at which the farmer sold it to the supermarket would not be included in the GDP because it would be considered as an intermediary good because the good purchased for the resale purpose is not included in GDP as it leads to double-counting. Thus, <u>only the price of the final good i.e. $ 25 would be included in GDP as it will now be used for final consumption by the customers</u>.
What are the answer choices?
