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mezya [45]
3 years ago
14

Explain how economists use the measure “gross domestic product”

Business
1 answer:
Yakvenalex [24]3 years ago
8 0
The Gross Domestic Product measures<span> the value of economic activity within a country. Strictly </span>defined<span>, GDP is the sum of the market values, or prices, of all final goods and services produced in an economy during a period of time.</span>
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A firm decides to expand its operations and use more square footage in their main office. Currently, they rent out 3000 square f
Andrej [43]

Answer: $297,353.33

Explanation:

In calculating the Opportunity Cost of using that space with the available data, the following formula can be used (notice that APR is a yearly figure and the rent is monthly),

Opportunity cost = Rent per month *12* (1-tax rate) / APR

= $3,431.00 * 12 * ( 1 - 0.35) / 0.09

= 297353.333333

= $297,353.33

$297,353.33 is the opportunity cost of using this space.

Note the method used above is the faster method but if you want to use the other method, first you change the rent to a monthly figure. Then you divide it by the cost of capital to get the present value. Then you multiply by the After tax rate of (1 - tax rate). It's basically the same as the above though.

4 0
3 years ago
g Liabilities of the commercial banking system include Question 69 options: A) deposits. B) loans and deposits. C) reserves and
netineya [11]

Answer:

A) deposits

Explanation:

In the case of the commercial banking system, the  liabilities is deposits as the deposit is the amount of the depositors

So as per the given situation, the option A is correct as the deposits represents the commercial banking liabilities

hence, all the other options are incorrect

Therefore, the same is to be considered

8 0
2 years ago
Libel is a defamatory or hurtful remark told about someone to others, and slander is when this remark or comment is broadcast ov
NemiM [27]

Answer:

This is false.

Explanation:

The statement in the question interchange the meanings of the two terms. The correct definitions are therefore given as follows:

Libel is can be described as a written or published false statement about another person that damages their reputation unjustly.

Slander refers a spoken false statement about another person that damages their reputation unjustly.

Based on the definitions above, the statement in the question can be correctly rewritten as follows:

Slander is a defamatory or hurtful remark told about someone to others, and libel is when this remark or comment is broadcast over the TV, radio, printed in a publication, or forwarded to others on the Internet.

5 0
3 years ago
What is the most common workplace for people in the Finance cluster?
Oxana [17]

Answer:

An office

Explanation:

an office  is the best option on this list.

7 0
2 years ago
Read 2 more answers
BRAINLIEST The process you use to make your business more successful is known as
lina2011 [118]

Answer:

Marketing assessment

Explanation:

Marketing assessment is the best process you can use to make a business successful in the long run because marketing assessment is the comprehensive assessment of all the potential and risks involved in a new or existing business idea or project that is to be undertaken by a business entity.

In marketing assessment the effects of external barriers like environmental forces, market trends, competition in the market, taxes involved in the running of the business and even the resources to make the business flourish is comprehensively covered in details.

Financial Management is part of the whole process and not the process of making a business successful on its own.

8 0
3 years ago
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