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3 years ago

What is GDP of a country

Business

1 answer:

Arlecino [84]3 years ago

6 0

Answer:

Gross Domestic Products (GDP) is a measure of the total market value of all finished goods and services made within a country during a specific period.

Explanation:

GDP is an acronym for Gross Domestic Products (GDP) and it can be defined as a measure of the total market value of all finished goods and services made within a country during a specific period.

Simply stated, GDP is a measure of the total income of all individuals in an economy and the total expenses incurred on the economy's output of goods and services in a particular country.

On a related note, Gross Domestic Products (GDP) is a measure of the production levels of any nation.

Basically, the four (4) major expenditure categories of GDP are;

I. Consumption (C).

II. Investment (I).

III. Government purchases (G).

IV. Net exports (N).

In conclusion, GDP is a measure of the total amount of finished goods and services produced by a country.

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Mona sets up a business consulting firm in which the employees are motivated because they find their work interesting and creati

gayaneshka [121]

Answer:

Letter C is correct. <em>A firm that relies on high output controls to tap into intrinsic motivation.</em>

Explanation:

By carefully selecting the employees of his consulting firm, Mona ensures that each employee's expected competency and skills profile has been met through rigorous selection, which enhances the chances that operational strategies will be more widely deployed and accepted effective.

By setting the expected results, but letting the employees themselves define how to achieve them, it generates an intrinsic motivation, one that generates internal feelings in the individual to want to achieve personal goals, objectives and projects that motivate and stimulate them.

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4 years ago

What is the purpose of the 1040 series of tax forms?

melamori03 [73]

It is the standard (IRS) form that individuals use to file their annual income tax returns

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3 years ago

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On the basis of the following data taken from the Adjusted Trial Balance columns of the work sheet for the year ended March 31 f

max2010maxim [7]

Answer:

Banes Domino's Company

Closing Entries

Date Acct.No Account Debit Credit

9 Income Summary 329,000.00

11 Salary Expense 244,500.00

12 Rent Expense 48,000.00

13 Depreciation Expense 25,000.00

14 Supplies Expense 9,500.00

15 Miscellaneous Expense 2,000.00

Expenses are closed to Income Summary Account.

10 Fees Earned 510,000.00

9 Income Summary 510,000.00

Revenue Accounts are closed to Income Summary Account.

9 Income Summary 181,000.00

Jack Banes, Capital 181,000.00

To close Income Summary Account

Jack Banes, Capital 47,000.00

Jack Banes, Drawing 47,000.00

To Close withdrawals account.

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3 years ago

Suppose you are the manager of a local water company, and you are instructed to get consumers to reduce their water consumption

Veronika [31]

The price of the water needs to be raised by 40% when the consumption of water reduces by 10% and the price elasticity of demand results to 25%.

<h3>What is meant by the price of elasticity of demand?</h3>

The price elasticity of demand is determined as the proportionate variation in quantity with respect to variation in the price of a good.

Given values:

Change in water consumption (fall): 10%

Price elasticity of demand: 25%

Computation of percentage change in the price of water:

$\rm\ Change \rm\ in \rm\ price \rm\ of \rm\ water=\frac{\rm\ Change \rm\ in \rm\ water \rm\ consumption}{\rm\ Price \rm\ elasticity \rm\ of \rm\ demand} \\\rm\ Change \rm\ in \rm\ price \rm\ of \rm\ water=\frac{10\%}{25\%} \\\rm\ Change \rm\ in \rm\ price \rm\ of \rm\ water=40\%$

Therefore, there is an increase in water price by 40%.

Learn more about the price elasticity of demand here:

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2 years ago

The owners of Old School Brand Authentic Antique Foods researched Civil War records to come up with recipes used for the old-fas

andreyandreev [35.5K]

Answer:

Product

Explanation:

Marketing mix involves four elements

a. product

b. price

c. place

d. promotion

The statement given indicates that the recipe of cookies focuses on the product element of marketing mix.

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3 years ago