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sp2606 [1]
3 years ago
7

What is Gnp gap? in economics​

Business
1 answer:
cricket20 [7]3 years ago
5 0

Answer:

Gross National Product (GNP) is the total value of all finished goods and services produced by a country's citizens in a given financial year, irrespective of their location.

<em>Hope that helps! :)</em>

Explanation:

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Which of the following is least likely a function of the centeral bank in an economy? 1. Managing the country's foreign exchange
Pavlova-9 [17]

Answer:

the rigt answer is A.

Explanation:

One of the main functions of the central bank is to manage and protect gold and foreign exchange reserves in the country.

5 0
3 years ago
Suppose that, in year 1, an economy produces 100 golf balls that sell for $3 each and 75 pizzas that sell for $8 each. The next
blsea [12.9K]

Answer:

The growth rate in nominal GDP is 19.72%

Explanation:

Nominal GDP is the value of goods and services produced in an economy in a particular year and it is not adjusted for inflation.

Nominal GDP Year 1 = 100 * 3 + 75 * 8 = $900

Nominal GDP Year 2 = 110 * 3.25 + 80 * 9 = $1077.5

The growth rate in nominal GDP can be calculated by using the following formula,

Growth rate = (Nominal GDP Year 2 - Nominal GDP Year 1) / Nominal GDP Year 1

Growth rate in GDP = (1077.5 - 900) / 900  =  0.1972 or 19.72%

8 0
3 years ago
Jeff, the owner of the toy box (a toy store), has chosen his products carefully. they are all handmade of wood; none are cheap g
AlladinOne [14]
All of Jeff's activities are aimed at giving Jeff a sustainable competitive advantage through Strategic Positioning. Strategic positioning attempts to achieve a sustainable competitive advantage by preserving what is distinctive about a company.  A company has a sustainable competitive advantage when it acquires some qualities or attributes which are different from other competitors in the market and which makes it outstanding in the market, and when these advantages last for many years, then they are known as sustainable competitive advantages.
6 0
4 years ago
When industries are limited by the size of the domestic market, opening trade to the world markets will likely lead to ________
kari74 [83]

Answer: c) economies of scale; increase

Explanation:

When industries are limited by the size of the domestic market, opening trade to the world markets will likely lead to economies of scale and increase real GDP per capita in the domestic country.

When this industry choose to break out of this limitation placed on them due to the small size of market in their country, the idea of opening trade to the world market would lead to reduction in production costs since they now have a larger market (and thus produce more). Also, the real GDP per capita in the domestic country should increase since the company in this domestic nation has expanded its production to the world market.

NOTE:

Economies of scale occur when the cost of production is now reduced because there is an increase in a company's production.

4 0
4 years ago
__________ are a type of limited-function wholesaler that owns products they sell, but do not actually handle, stock, or deliver
bagirrra123 [75]

Answer:

Option C (Drop-shippers) is the correct choice.

Explanation:

  • Drop shipping would be a technique of retail fulfillment where a store does not maintain the items in stock that it advertises or sell. Instead, whenever a store offering its products that used the drop shipping framework, it buys goods from either a third party and it may have delivered the product straightforwardly.
  • The products are owned by Drop shippers but they have never handled or executed them.

Some other alternatives given weren’t linked to the scenario in question. So, the alternative above is the right one.

6 0
3 years ago
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