Answer: core service
Explanation: In simple words, core service refers to the service which are of highly value and importance to the user or provider or both.
These services are considered be essential for smooth operations of an economy or the organisation as the case may be.
In the given case, Western union has the business of transferring payments internationally. Hence we can conclude that they are providing the core service of their business.
Answer: -27.2%
Explanation:
The Real GDP can be calculated using the formula for calculating the Price Deflator which is the current price level for the year.
Price Deflator = (Nominal GDP / Real GDP) * 100
Real GDP = (Nominal GDP/ Price Deflator ) * 100
1929
= (103.6/11.9 )* 100
= $870.588
1933
= (56.4/8.9) * 100
= $633.70787
Percentage Change
= (870.588 - 633.70787) / 870.588
= 0.272
= -27.2%
GDP changed by -27.2% over the 4 year period between 1929 and 1933
A Pay-Survey is a report based on research of compensation rates for workers performing similar jobs in other organisations.
