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2 years ago

Gdp is the value of final goods and services produced in a in a given year.

1 answer:

8 0

Real GDP is the value of the final goods and services produced in a given year; It is expressed in terms of the prices in base year.

<h3>GDP (Gross Domestic Product)</h3>

GDP simply means Gross Domestic Product and it is defined as the total monetary or market value of all the final goods and services that were produced within a country for a particular year.

Now, GDP is a very good measure of domestic production because it functions as a valuable scorecard tool of the strength of a country's economy.

This GDP is usually expressed in terms of the prices in base year.

Read more about GDP at; brainly.com/question/2019431

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You get a $60,000 loan for a new dump truck. With the truck, you can generate $500 more business each week at 80% margin. Your i

Evgen [1.6K]

Assuming your interest rate on the loan is 8. 6%. The additional margin generated will cover the interest payments.

<h3>Additional margin</h3>

Let determine the weekly interest

Weekly interest= 8.6% /12 x 60,000

Weekly interest= $99.23

Let calculate the amount left since the business generates $500 at a margin of 80

Amount left= 500 x 80%

Amount left= $400

Based on the above calculation we can see that the amount of $400 is sufficient enough to cover the $99.23 payments.

Inconclusion the additional margin generated cover the interest payments.

Learn more about additional margin here:brainly.com/question/903996

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2 years ago

If a restaurant reviewer wanted to find out how good a restaurant really was, would it be better for them to be anonymous?

Soloha48 [4]

Yes because the restaurant owners wouldn’t know who he / she was so they would treat the reviewer just like any other customer.

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3 years ago

Can someone help me plzzz!

Paul [167]

The answer is B and C. Hope this helps!

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2 years ago

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In July 2019, there were 1.5 million people who were marginally attached to the labor force, essentially unchanged from a year e

topjm [15]

These people are referred to as the <u>discouraged workers.</u>A person who is eligible for employment and can work but is unemployed currently and has not attempted to find employment in the last four weeks

Explanation:

Discouraged workers are the individuals who is eligible for employment and can work but is unemployed currently and had not made any attempt to find employment in the last four weeks.

For example: Young graduates,senior citizens.

Discouraged workers are not considered as a part of the labour force and are not counted in most official unemployment rates.

<u>These are people who were not in the labor force, although they wanted work and were available for it and had looked for jobs at some point in the previous 12 months. They were not counted as unemployed because they had not actively searched for work in the 4 weeks preceding the survey.</u>

If unemployed workers become discouraged, the measured unemployment rate will fall

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3 years ago

Does the residual plot show that the line of best fit is appropriate for the data? yes, the points have no pattern. no, the poin

SSSSS [86.1K]

The graph is not found here, but a residual plot shows that the line of best fit is appropriate for data when points are well distributed on the x-axis.

<h3>What is a residual plot?</h3>

A residual plot is a diagram showing residual values on the Y-axis and an independent variable on the X-axis.

This type of plot (residual plot) is used to see the matches between observed and fitted response values.

In conclusion, the graph is not found here, but a residual plot shows that the line of best fit is appropriate for data when points are well distributed on the x-axis.

Learn more on residual plots here:

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2 years ago