GDP is the sum of all final goods and services produced by an economy in a given period. In calculating GDP only the final goods and services that are traded are accounted for. Thus, household services that do not generate income are not accounted for in GDP, only productive activities. Therefore, in the long run the tendency is that the GDP analyzed by this issue will decrease, because when the unemployment rate increases, fewer workers will be employed in the productive sector. These people may substitute work for leisure or household chores, but this will not count in GDP.
<span>The demand curve for corn depends on what market it is needing it. If corn is needed for food for humans or for animals and if the need is normal or in addition to a current or outstanding reason makes a difference.</span>
Answer:
Insurance is a means of protection from financial loss. It is a form of risk management, primarily used to hedge against the risk of a contingent or uncertain loss. An entity which provides insurance is known as an insurer, insurance company, insurance carrier or underwriter.
Explanation: Refer to top
Answer:
3 and 46.67 units
Explanation:
The formula and the computations are shown below:
The price of good B is
= {The price of good Z (Pz)} ÷ {Marginal rate of transformation}
= {$6} ÷ {2}
= 3
Now the number of units to be purchased for all income used is
= (Monthly income spent on two goods) ÷ (price of good B)
= ($140) ÷ (3)
= 46.67 units
By applying the above formula we can find out the price of good B and the number of units purchased
Answer:
Aggregate demand curve would shift to the right is the correct answer.
Explanation:
