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: The answer is A
Explanation:
Brokers are intermediaries and dealers hold inventory
Answer:
They negotiate with creditors to reduce interest rates and fees
Explanation:
i just did the test and got it right
Answer:
For example 1, each text book costs $4 and each pen costs $3.
For example 2, 18 $5 tickets were sold and 15 $2 tickets were sold.
Explanation:
Example 1:
let T = number of text books
let P = number of pens
5T + 4P = 32
6T + 3P = 33 (we can start by dividing this equation by 11)
5T + 4P = 32
2T + 1P = 11 (now lets multiply be -4)
5T + 4P = 32
-8T - 4P = -44 (now we add)
-3T = -12
T = -12 / 3 = 4
P = (2 X 4) + P = 11
P= 11 - 8 = 3
Example 2:
let C = cheap tickets
let E = expensive tickets
C + E = 33 ⇒ C = 33 - E (and now we can replace)
2C + 5E = 120
2(33 - E) + 5E = 120
66 - 2E + 5E = 120
66 + 3E = 120
3E = 120 - 66 = 54
E = 54 / 3 = 18
C = 33 - 18 = 15