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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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PLZ HELP ECON ?!!!!!
blsea [12.9K]

Answer:

Explanation:

you have to decresase it

8 0
3 years ago
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Why is simple interest useful for planning parts of your financial future? a. simple interest can endure unforeseen economic cha
deff fn [24]

A bank with a simple interest savings plan will automatically transfer money from your paycheck to your savings account, letting you save without any extra effort.

Simple interest allows your money to earn money, so you have to save less.

<h3>What Is Simple Interest?</h3>

Simple interest is a quick and easy method of calculating the interest charge on a loan.

Simple interest is determined by multiplying the daily interest rate by the principal by the number of days that elapse between payments.

<h3>Where is simple interest used in real life?</h3>

Application of Simple Interest:

In our daily lives, sometimes, we come across a situation where we need to borrow money from a bank, post office or a moneylender for a specified period.

At the end of this period, we must pay back the money we had borrowed plus some additional money for using the lender's money.

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3 0
1 year ago
Nu Company reported the following pretax data for its first year of operations. Net sales 2,910 Cost of goods available for sale
kozerog [31]

Answer:

$434

Explanation:

Net sales                     = $2,910

-Cost of goods sold    = $1,560 (Working)

=Gross profit                = $1350

-Operating expenses  = $730

=Profit before Tax        = $620

-Tax 30%                      = $186

=Net Profit/Net Income= $434

<u>Working</u>

Cost of goods sold = Cost of goods available for sale - Closing Inventory if LIFO is elected

Cost of goods sold = 2,430 - 870 = 1560

5 0
3 years ago
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How can the use of new technology in industry benefit the US government?
DiKsa [7]

Answer:

All the statements are correct.

Explanation:

A and D are correct because better transportation technology means that the government can import (purchase materials) and export (transport goods) around the world with relative ease.

B is correct because automation means that machines can replace some humans in the labor force, and machines do not have to be paid a wage.

C is correct because if the government has advanced technology at its disposal, it can be at the forefront of tecnnological changes.

4 0
3 years ago
Every morning before the start of the​ shift, tom and his automotive service team at a large auto dealership have a​ five-minute
Furkat [3]
I might call this a 'bumper' or 'fender' meeting and by comparison, in mining or mineral exploration it often is centred on safety ie expected safety hazards and what precautions to take but could also be very helpful for a rough overview of the overall work for the day,
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3 years ago
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