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otez555 [7]
3 years ago
5

How do you economists use data

Business
2 answers:
never [62]3 years ago
7 0

Answer:

They use various statistical measures of data that help them in predicting the probability of the rise or fall in production or any other aspect like the job loss or the FDI and many aspects of the economy.

hope it helps

mark me brainliest

ale4655 [162]3 years ago
5 0

Answer:

Economists use various statistical measures of data that help them in predicting the probability of the rise or fall in production or any other aspect like the job loss or the FDI and many aspects of the economy.

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Many of the recommendations as team leader to increase your team's productivity will likely result in significant change to the
Pachacha [2.7K]

Answer:

Being a team leader is a huge responsibility towards the organization and team members as well. Changes in an organization are common but few people or team members are not able to accept the change and productivity decreases, so being a team leader following steps can be adopted to raise their urgency levels:

  • Add some incentive criteria that will motivate key employees as well for more productivity.
  • Have a interaction session to know the issues regarding changes and convincing members about the positive effects of changes.
  • Team leader required to be harsh sometime, so one can impose some strict rules or targets for productivity.
  • Team leader can create such working environment  that will motivate other members to work with fresh minds that will affect the productivity.

Team leader can choose any of the ways to raise the urgency level of team members.

3 0
3 years ago
When ruko, a device used to stream movies at home, increases prices by 48% total revenue decreases by 61%?
Free_Kalibri [48]

Answer: Demand is elastic

Explanation:

Total revenue from the sale of a good is negatively related to the price when demand for the good is elastic and positively related to the price when demand for the good is inelastic.

So, as increase in price by 48% decreases total revenue by 61%, therefore the demand for Ruko, a device used to stream movies at home is elastic.

3 0
3 years ago
Real GDP per capita is not a perfect measure of the well-being of a country's individual citizens because: Instructions: You may
nasty-shy [4]

Answer:

it does not measure quality-of-life factors ; it does not account for distribution of wealth ; it fails to measure non monetary (home production) activities

Explanation:

Real GDP is the total value of goods & services produced in an economy, during a period of time. But it is not correct measure of welfare level.

  • It does not measure non monetary production, like hobby production eg kitchen gardening, self made paintings, music. But, they increase welfare
  • It does not take into consideration the qualitative factors affecting welfare like pollution, crime & literacy. Externalities cause extra benefit or harm to welfare level, but are excluded from GDP.
  • Inequitable distribution of  per capita (average) GDP increases rich poor standard of living divide. So, the distribution effect ignored make GDP an inapt measure of average welfare level.

Real GDP adjusts the value of goods & services for price change (Inflation), it is a correct measure of increase in real flow of goods & services. GDP & health positive correlation is a favouring point for GDP as a measure of welfare. So, these options are incorrect.

4 0
3 years ago
Section 103 of the Federal Public Works Employment Act establishes the Minority Business Enterprise program and requires that, a
EastWind [94]

Explanation:

Looking from a fair point of view, the White owners of businesses have legitimate reasons to feel that the Act constitutes illegal reverse discrimination.

Remember, reverse discrimination implies an unfair treatment of the majority group (White owners) in an effort to please the minority group. This is evident from the fact that the 10 percent of all federal grants to be released by the Economic Development Administration was only to be used to purchase services or supplies from businesses owned and controlled by U.S. citizens belonging to one of six minority groups excluding the White business owners; making the White owners feel discriminated against.

Thus, unintentionally the Act became a reverse discrimination on White business owners.

3 0
3 years ago
What is the total manufacturing overhead assigned to the current order for Men's Razors if the firm uses a volume-based plant wi
Brut [27]

Answer:

$7,200

Explanation:

The computation of the total manufacturing overhead assigned is shown below:

= ($168,640 + $127,840 + $554,400 + $1,078,000) ÷ $514,368

= 375% per direct-labor dollar.

Now  

= $514,368 ÷ 8,037

= $64 per DL hour.

And,  

= $64  × 30 direct labor hours

= $1920.

So,  

Manufacturing overhead is

= 1920 × 375%

= $7,200

8 0
3 years ago
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