Answer: GDP is used to measure a society’s standard of living, but it is not a thorough indicator since it does not directly account for leisure, standard of environment , levels of health ,education and security ,inequality etc. i.e. The values that society may place on certain types of output.
The short coming with GDP is that it does not ponder upon the true economic welfare in the society. To analyze it's limitations better, we will ponder upon several factors that are not accounted for in GDP and are listed above.
GDP does not account for leisure time. GDP includes what governments and other agencies spend on healthcare, education and security but it does not include actual levels of health and learning.
GDP has nothing to list about inequality in society. For example, when GDP per capita increase by 17%, it could directly or indirectly mean that GDP for everyone in the society rose by 17% or it could eventually state that GDP of some class rose more while the GDP of others class has declined.
In such cases we could always ponder upon several other useful and relative key terms such as Human Development Index (HDI) while also analyzing GDP.
She will be indifferent between these plans if her rate of time discount is equals 21 percent. If her rate of time discount is less than this amount she will opt for a plan B.
<h3>What is
discount rate?</h3>
The bank rate, sometimes known as the discount rate in American English, is the interest rate charged by a central bank on its loans and advances to commercial banks.
In a discounted cash flow (DCF) analysis, the discount rate is the interest rate used to calculate the present value of future cash flows. This helps establish whether the future cash flows from a project or investment will be worth more than the initial capital outlay required to support the project or investment.
The discount rate is an essential measure of an economy's credit situation.
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If a local company were to break the contract with a retailer and not deliver the products requested, Civil law would be broken.
When one party doesn't carry out their obligations as stated in the contract, there is a breach of the agreement. That could involve anything trivial like making a payment a few days late or something more significant.
<h3>What is the most common breach of contract?</h3>
The most frequent remedy for contract violations is this one. When compensatory damages are granted, a court requires the party who violated the contract to give the victim enough money to fulfill their contractual obligations elsewhere.
A breach of contract occurs when a promise that is a component of a contract is not kept without a valid justification. This includes failing to perform in a way that complies with industry standards or any express or implicit warranty requirements, such as the implied warranty of merchantability.
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In the face of demographic pressures dealing with an aging workforce, many employers try to use voluntary attrition am<span>ong their older workers through early retirement incentive programs.
voluntary attrition refers to the action taken by the employee to resign him/herself from the workforce. Older employees tend to have lower performance compared to the younger employeess. Offering early retirement benefit will allo the company to do a regeneration among itss workforce.
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An ad by the Minnesota State Tourism Department, which promotes Minnesota as a vacation destination, was published in Life Mode magazine. The ad includes a picture of a couple against a scenic backdrop. In this print ad, the source of the advertising message is the Minnesota State Tourism Department
<h3><u>
Explanation:</u></h3>
Tourism department generates revenues to the government with the help of the natural resources and beautiful destinations that exists in a country. Money will be collected from the people who visits the places in the country. This type of depart earns a lot of revenue during the time of vacations.
They also promote by giving certain discounts and offers during vacation time for attracting many people towards that destination. They also give advertisements for making the people to support state tourism to generate resources for the nation. Thus, in the given example the source of the advertising message is the Minnesota State Tourism Department.