One major difference between a nation's balance of trade and its balance of payments is that

1 answer:

4 0

The balance of commerce is the difference in the value of exports and imports of only visible items. The balance of trade adds imports and exports of goods alone, clearance items. A balance of trade of a country can be favirable or infavirable but BoP regularly balance

You might be interested in

What is the purpose of agoa

juin [17]

AGOA or African Growth and Opportunity Act purpose is to use a better trade access to the US market as a spur for the growth of economy in sub-Saharan Africa by urging the governments to build free markets and opening their economies.

4 0

3 years ago

$444,567 Revenue, $400,500 Expenses. Net Profit?

chubhunter [2.5K]

Answer:

44,067

Explanation:

4 0

3 years ago

The income tax rate on all forms of income is 40 percent and there is a tax of 10 percent on all consumption expenditure. The no

Tems11 [23]

Answer:

The economic policy action that changes the production demand and possible gross domestic product is named the availability aspect impact of the fiscal policy. This happens as a result of government provides public smart and services which offer work incentive and therefore the taxation variations the work inducement. However the availability aspect impact has serious restrictions. The taxation drives the wedge among the interest paid by the receiver and acknowledged by the investor. This extremely changes the funds and investment within the economy. This disturbs the capital development within the economy. The slower rate of investment formation reductions the economic process of the economy.

On the opposite hand taxation lowers the inducement to figure and therefore the provider of labor decreases at every level of wage rate. This reductions the potential gross domestic product and increase indicator within the economy. This can be shown within the figure 1.1.

In The figure 1.1 offers the marketplace state of affairs within the economy. Here Ld is that the labor demand curve and Ls is the initial labor provide curve. The preliminary wage rate was Wand labor hours utilized was L. The tax on wage financial gain lowers the inducement to work and moves the Ls curve left to Ls+tax. The new equilibrium happens on the left of the preliminary equilibrium. That’s the quantity of labor utilized within the economy decreases, because the amount of labor utilized decreases the wage rate raises by the quantity of tax.

The potential gross domestic product that is given by the equity between labor demands and provide or economic condition is given within the figure 2.2, wherever we tend to show the assembly perform of the economy. The assembly perform offers the link between labor hours utilized and real gross domestic product. Here, the initial potential gross domestic product at economic condition was Y with labor hours utilized L. because the tax decreases the inducement to figure the labor provide curve shifts and a brand new economic condition achieved with less quantity of labor hour utilized the potential gross domestic product fall to 111. At L labor hour utilized the important gross domestic product was Y and once tax as labor hours fall to L1 the real GDP decreases to

Now as there's invariably economic condition within the economy the important gross domestic product here are the potential GDP. Therefore we tend to see that a rise in charge per unit will increase the wage rate and reduces potential GDP

6 0

3 years ago

A firm is a recognized cost leader but has a strategic goal to become a cost and service leader. what is one initiative that cou

a_sh-v [17]

A firm is a recognized cost leader but has a strategic goal to become a cost and service leader. "Provide special attention to your most important clients by adapting your services to their needs." is one initiative that could be planned and implemented to achieve this goal

This is further explained below.

<h3>What is one initiative that could be planned and implemented to achieve this goal?</h3>

Generally, A company's long-term objective is to dominate both its industry's price point and level of service.

Among the many strategies that may be developed and put into action to accomplish this would be to "provide your most valuable customers individualized service tailored to their specific requirements."

In conclusion, Strategic goals are the particular financial and non-financial objectives and achievements that a firm seeks to accomplish over the course of a specified period of time, often the next three to five years.

These goals may be broken down into two categories: financial and non-financial.