Total output of an economy can be divided into its alternative uses by considering who bought the output. when other countries purchase part of an economy's output, this is called Gross Domestic Product [GDP],
<h3>Gross Domestic Product</h3>
The total monetary or market worth of all the finished goods and services produced within a nation's boundaries during a certain time period is known as the gross domestic product (GDP). It serves as a thorough assessment of the state of the economy in a particular nation because it is a wide indicator of total domestic production.
Although it is often calculated on a yearly basis, GDP can also be computed on a quarterly basis. For instance, the US government estimates the annualized GDP for the entire year as well as each fiscal quarter.
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Answer:
Presentations are a vital source of marketing a product. The sales team can impact a client by its presentation skills. The presentation is impacting if it contains graphs, charts and pictures. This enables the client easy comparison among other products.
Explanation:
The presentations helps the sales team to market their product easily. The brochures, pictures, catalogs and graphs are used for easy illustrations. They help the managers and clients to easily understand the product features and its performance over years with comparison of other products.
Answer:
Explanation:
1) The total cost of reducing runoff if the farmers are not allowed to trade permits is:
total loss = farmer A' loss + farmer B's loss
where:
- farmer A's loss = (100 - 50) x $25 = $1,250
- farmer B's loss = (100 - 50) x $50 = $2,500
total loss = $1,250 + $2,500 = $3,750
2) The total cost of reducing runoff if the farmers are allowed to trade permits is:
Since farmer A will be willing to sell his permits to farmer B for a price that is ≥ $25 and ≤ $50, the total cost of reducing runoff is $2,500.
If farmer A sells his runoff permit at a price higher than $25 his costs will decrease but farmer B's costs will increase, so any gain due to price change is offset by the other farmer's loss.
Answer:
True
Explanation:
Affirmative action is a way to help a special class of people who were undermined previously. It helps to focus on such people; by promoting them and showing them that they are important too. Affirmative action helps them to get where they belong, by promoting them, and by giving them necessary training. It is necessary is to apply affirmative action in an organisation for job satisfaction and more productivity.
