while the speaker appreciates the warmer climate at first
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I hope this helps, let me know if you need something different.
Based on the information the ratio between the deficit and gdp as a percentage is 2.41%.
<h3>Ratio between the deficit and gdp:</h3>
Using this formula
Ratio between the deficit and gdp=Annual federal deficit/Gross domestic product×100
Where:
Annual federal deficit=$350 billion
Gross domestic product=$14,500 billion
Let plug in the formula
Ratio between the deficit and gdp=$350 billion/$14,500 billion×100
Ratio between the deficit and gdp=2.41%
Inconclusion the ratio between the deficit and gdp as a percentage is 2.41%.
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The information which can be deduced from this graph on green tea are:
B. Green tea is inelastic in terms of supply.
E. The supply of green tea does not change sharply with the price.
<h3>What is supply?</h3>
Supply can be defined as the total quantity of goods or services that are demanded by consumers at a given period of time.
<h3>The types of supply.</h3>
In Economics, there are two main types of supply and these include:
<h3>What is inelastic supply?</h3>
Inelastic supply is a situation that occurs when the quantity of goods or services that the producers are willing to produce, doesn't change as the price of goods or services increases.
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