Suppose GDP per capita is $2,500 in 1912 and $2,550 in 1913. the growth rate of GDP per capita from 1912 to 1913 is 2 percent, 2,550-2500/2500 * 100.
The annual growth rate of real gross domestic product (GDP) per capita is calculated as the percentage change in real GDP per capita for two consecutive years. Real GDP per capita is calculated by dividing GDP at constant prices by the population of a country or region.
To calculate the growth rate, take the current value and subtract it from the previous value. Then divide this difference by the previous value and multiply by 100 to get a growth rate percentage plot.
GDP is therefore defined by the following formula: GDP = Consumption + Investment + Government Expenditure + Net Exports, or simply put, GDP = C + I + G + NX, Consumption (C) represents personal consumption expenditure of households and non-consumers. -Commercial Entities. Investment (I) refers to business expenses
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Answer:
Ahmed must bake 48 Chocolate Decadence pies and 7 Mint Breezes pies in order to get the maximum possible profit = $131.91
Explanation:
let x = chocolate decadence
let y = mint breezes
maximize revenue equation = 2.56x + 1.29y
the constraints are:
7x + 8y ≤ 392
x ≥ 6
x ≤ 48
y ≥ 3
y ≤ 42
using solver, profits are maximized when 48x + 7y = $131.91
Answer:
b. Mass customization
Explanation:
Mass customization -
It is the process of producing goods and service which can be altered according to the likes and dislikes of the customer , is known as mass customization .
It is the method to increase the production and increase marketing and manufacturing methods .
This method is also known as built - to - order or made - to - order method .
This method allows the customer to have a wider area of options and increase the creativity .
Hence , from the question ,
The correct term for the given example is mass customization .
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