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finlep [7]
3 years ago
12

Why do you think it is important to understand GDP?

Business
1 answer:
Snowcat [4.5K]3 years ago
5 0
GDP is important because it gives information about the size of the economy and how an economy is performing. The growth rate of real GDP is often used as an indicator of the general health of the economy. In broad terms, an increase in real GDP is interpreted as a sign that the economy is doing well
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Suppose over the last year that the price of recycled aluminum increased from $800 a ton to $900 a ton. over the same time a mea
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<span>3.846153846% First we calculate the ratio of the current price of aluminum to the previous year 900 / 800 = 1.125 We then adjust it for the overall price increase 1.125 * 120 / 130 = 1.03846153846 subtract 1 and multiply by 100 to get a percentage 0.03846153846 3.846153846</span>
5 0
4 years ago
_____ is the decision-making method in which group members write down ideas and solutions, read their suggestions to the whole g
antoniya [11.8K]
Brainstorming and also the infinity diagram can be used in group decision making.
7 0
3 years ago
Country X, a poor country, invents a revolutionary electronic product. The country markets this new product in other poor countr
Scorpion4ik [409]

Answer:

Free trade

Explanation:

Correct word for the given statement is free trade

The hypothesis competitive advantage recommends that exchange is a positive-sum game in which all nations that take part acknowledge monetary increases. In that capacity, this hypothesis gives a solid method of reasoning to empowering organized commerce.  

The approach doesn't limit imports or fares; it can likewise be comprehended as the free market thought applied to worldwide exchange.

8 0
3 years ago
Assume that each unit demanded generates $70 in revenue and that each unit ordered costs $50. How much will the company gain or
Vanyuwa [196]

Answer:

Note: The full question is attached as picture below

a. Let X is denoted as company’s monthly demand, P(X=x) is denoted as the probability of the company’s monthly demand.

The expected value is obtained below:

E(X) = (300*0.20) + (400*0.30) + (500*0.35) + (600*0.15)

E(X) = 60+120+175+90

E(X) = 445

b. The expected value of the monthly demand is 445. The each unit demands the revenue to generate is $70 and their cost is $50.

The gain/loss of the company = (300*(70−50)) - (145*50)

The gain/loss of the company = (300*20) - (145*50)

The gain/loss of the company = 6,000 - 7,250

The gain/loss of the company =−$1,250(Loss)

4 0
3 years ago
Patty Leave owned an apartment house for ten years. Depreciation was taken on a straight-line basis. When Patty's adjusted basis
Sav [38]

Answer:

$0

Explanation:

IRS's Section 1031 allows real estate investors to exchange real properties and defer any capital gains tax. In this case, Patty doesn't need to report any gain because she is exchanging her apartment house (with 100 rented apartments) for an office building (with 40 rented offices).

In order for a property to classify as a 1031 exchange, it must involve properties that have similar uses. In this operation, both properties have rental units.

3 0
3 years ago
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