Under the rule of 70, if the GDP per capita growth rate in the United States is 2.3%, standards of living double every 70/2.3 = 30.43 years.
<h3>What is Gross Domestic Product (GDP)?</h3>
The term "Gross Domestic Product," or GDP, refers to the total monetary worth of all finished goods and services produced (and marketed) within a nation within a specific time period (typically 1 year).
GDP Growth Rate:
- The GDP growth rate compares the most recent quarter or year to the preceding one and represents the percentage change in real GDP (GDP adjusted for inflation) from one period to the next.
- A positive or negative number may be used (negative growth rate, indicating economic contraction).
GDP per capita:
- By dividing nominal GDP by a nation's entire population, one can get GDP per capita.
- It conveys the nation's average economic output (or income) per person.
- The population figure corresponds to the year's median (or mid-year) population.
The price deflator, a statistical tool, is used to convert nominal GDP to constant prices.
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Answer:
it may be fixed order interval because the vendor is restocking every monday only.
Answer:
b. A market operating below equilibrium will transfer some consumer surplus to producers.
Answer:
9 average days late
Explanation:
Days Sales Outstanding - Allowed credit period = average days late
Days Sales Outstanding
DSO = 38.81012658 = 39 days
Days Sales Outstanding - Allowed credit period = average days late
39 - 30 = 9 average days late
Answer:
ethical leadership
Explanation:
Ethical leadership is a leadership style that focuses on the respect for ethical values, employees' dignity and the overall rights of everyone related to the organization, including those who work at it, its customers, and related community.
Ethical leadership emphasizes personal values such as trust, honesty, empathy, fairness, etc.
