Answer:
Evidence based.
Explanation:
Evidence: It is something that furnishes proof or testimony or something legally submitted to ascertain in the truth of matter.
Evidence basedis the conscientious (effort), explicit (clarity) and judicious (critical of quality) use of the best available evidence from multiple sources to increase the likelihood of a favourable outcome.
Characteristics:
- It’s about the process
- It’s not about certainties (this will work)
- It’s is about probabilities and likelihoods
- It is about reducing uncertainty (given our context this is more likely to lead to the outcome we want than doing something else or doing nothing)
Foreign direct investment helps improve the economic situation of a recipient country by increasing job/employment opportunities in the country that the company invests in. Foreign direct investment is a n investment made by a company or an individual in one country in business interests in another country, in the form of either establishing business operations or acquiring assets in the foreign country. This helps boost the economy of the foreign country by increasing gross domestic product through job creation among other factors.
The maximum price that can be legally charged for a good or service is called the price ceiling. The government sets this limit to protect consumers from businesses setting items that are needed to live everyday life unattainable due to the price.
Answer:
C. Real GDP is the variable most commonly used to measure short-run economic fluctuations. These fluctuations can be predicted with some accuracy.
Explanation:
GDP is the sum of the values of all goods and services produced by an economy in a given period. The difference between nominal GDP and real GDP consists in the fact that nominal GDP is calculated at current prices, while real GDP is calculated at constant prices, ie it is calculated under a base year chosen to eliminate the effect of inflation. A more consistent assessment considers real GDP. The measurement technique consists of deflating GDP by a price index that allows measuring only changes in quantities and not in market prices. Usually, the techniques for measuring GDP have a good forecast.
