Answer:
Which of the following statements accurately describe the phases of a business cycle? Check all that apply.
a. A contraction phase is when an economy exhibits decreasing levels of production and consumption.
c. A trough occurs at the end Of the contraction phase and the beginning of the expansion phase.
d. A peak level of business activity occurs at the end of the expansion phase and the beginning of the contraction phase.
A contraction period is characterized by the following attributes: businesses that are operating lower productive capacity, HIGH unemployment, low retail sales, LOWER prices and interest rates, a declining stock market, and expectations of LOWER business profits.
Contraction periods tend to end with a TROUGH, while expansion periods tend to end with a PEAK.
Answer:
The value of a firm's final product is the selling price whereas value added refers to the addition of value to the raw material (intermediate products).
Explanation:
The term "value added" describes the enhancement a company gives to its product before offering it to the customer. It can be considered as an extra special feature added by a company to increase the value of a final product.
Each items as a component of Gross Domestic Product (GDP) are:
Consumption:
Investment:
- A domestically manufactured business computer
Government purchases
- A public school teacher's salary
Net export:
<h3>What is Gross Domestic Product (GDP)?</h3>
Gross Domestic Product (GDP) can be defined as the overall value of goods and service that are produced and sold in the market during a particular period of time.
Based on the information given each items as a component of Gross Domestic Product (GDP) are:
Consumption:
- Ice Cream
- 55 cent tacos
- A domestically manufactured personal computer
- Cab fare for personal use
- A ticket to a local sporting event
Investment:
- A domestically manufactured business computer
Government purchases:
- A public school teacher's salary
Net export:
Inconclusion each items as a component of Gross Domestic Product (GDP) are:
Consumption:
Learn more about Gross Domestic Product (GDP) here:brainly.com/question/1383956
Answer: Survey
Explanation:
In discipline such as the applied statistics, survey methodology is referred to as the process under which one studies sampling of an individual unit from the population and thus associated techniques or methods of the survey data collection, i.e. questionnaire construction. The survey methodology tends to include the instruments or the procedures which ask one or few more questions which may be answered.
Answer:
a. economies, falling
Explanation:
If a higher level of production allows workers to specialize in particular tasks, a firm will likely exhibit economies of scale and falling average total cost.
