Answer:
The value of GDP is 75
Explanation:
GDP is equal to Consumption + Investment + Government Spending + Net Exports (Exports minus Imports), where total Investment is equal to Fixed Investment plus the Change in Inventories.
The change in GDP will therefore equal the change in Consumption + the change in Investment + the change in Government Spending + the change in Net Exports, where the change in Investment will equal the change in Fixed Investment plus the change in the Change in Inventories.
= Government purchases of goods and services (10) + Consumption Expenditures (70
)+ Exports (5
) - Imports (12) + Change in Inventories (-7
) + Construction of new homes and apartments (15
) - Sales of existing homes and apartments (22
) + Government payments to retirees (17
) + Business Fixed Investment (9)
= 75
I would define economies of skill as the characteristics of marketing process in which an increase in the skill of the team causes a decrease in long run average cost per order dollar (COPD).
Hope this helps!! <3
Answer: Analysis of company's performance by the management.
Explanation: In the management discussion and analysis, the upper management of the company analyze and comment on the qualitative and quantitative characteristic of a company. This is seen as a secondary information in the company's yearly financial statement.
The MD and A, is considered valuable by investors as sometimes the management also comments about the upcoming projects of the company in such statements.
Explanation:
1. The ceterus paribus effect gives us to what extent, the effect of a variable has on another variable, while holding all other factors fixed. Analysing job training of workers on productivity will give us results that are not biased since we will not be taking account of other factor variables in the calculations. When 2 firms are the same in almost every aspect apart from number of hours on training, then we will find out that each firm would have different levels of workers output. So we should know if workers output increases due to job training.
2. When it comes to provision of training, furms do these based on characteristics of the workers. Some of these characteristics are measurable while some are immeasurable
Measurable:
Experience on the job,
Productivity
Level of education,
immeasurable :
Skill set
Vision
Likeliness to bstay at firm
3. Apart from worker characteristics, productivity also depends on other factors one of which is technological change. A technological change can bring about increased efficiency and greater output by the worker. Different firms using different capital and technological combination are quite likely to have different output levels.
4. A positive correlation between job training and productivity cannot be used to ascertain if job training makes worker more efficient this is due to the fact that correlation only tells us if variables are in coexistence. So a positive correlation does not tell us that job training is indeed bringing about changes in the productivity of workers.
