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Nataly [62]
2 years ago
15

An economy enters an expansion and GDP increases from $34,000 to $40,000. What is the percent change in real GDP? Round your ans

wer to the nearest hundredth.
Business
1 answer:
Blababa [14]2 years ago
6 0

The percent change in real GDP is 17.65%

<h3>What is the GDP of an economy?</h3>

The gross domestic product (GDP) is the sum of all value contributed to a given economy. The value-added is the difference between the value of the products and services produced and the value of the goods and services required to produce them.

The percent change in real GDP can be calculated by using the formula:

\mathbf{=\dfrac{New \ GDP - Old \ GDP}{Old \ GDP } \times 100}

\mathbf{=\dfrac{40000 -34000}{34000 } \times 100}

= 17.65%

Learn more about gross domestic product (GDP) here:

brainly.com/question/1383956

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Everett just finished building a website for his bus-touring company using the Google My Business website builder. He followed t
algol [13]

It should be live on the web in only a few minutes.

Explanation:

The app developer for small companies has officially been announced by Google. The new tool called simply "Website" is free and gives small business owners an opportunity to create and produce websites on a laptop or mobile phone in minutes.

60 per cent of small companies in the world don't have their own websites, according to Google. With the launch of the new website creator, Google is clearly trying to increase that number.

Website is an expansion of Google My Business. You will therefore need a full GMB database to use the application. To create a website, Google automatically pull details from your GMB listing and can then be personalized with subjects, photographs and text.

7 0
2 years ago
A company is preparing a bid on a government contract for 30 units of a certain product. There is some learning curve effect tha
ololo11 [35]

Answer:

Average time per unit is 59.6 hours

Explanation:

As we know as the work is done the learning of the labor force increases and they require less time to produce the next unit. An average time required to produce specific numbers of unit including cumulative effect of the learning curve.

As per given data

Number of units = 30 unit

Ratio of Time to produce second unit = 90 / 100 = 0.9

Accumulated Average time per unit Formula is

y = aX^b

Where

y = Average time per unit = ?

X = Cumulative Numbers of unit = 30

a = Time required to produce first unit = 100 hours

b = factor used to calculate cumulative average time = log (Learning Curve %/ log2) = Log (90/100) / Log2 = -0.152

Place value value in the formula

y = 100 x 30^ -0.152 = 59.6 hours

7 0
2 years ago
Identify which type of sampling is​ used: random,​ systematic, convenience,​ stratified, or cluster. upper a radio station asks
Gnesinka [82]

Convenience sampling is used, because the population is taken from a sample that easy to reach

4 0
3 years ago
When its sales were declining, canadian airline conducted a marketing survey to understand the expectations of the business trav
Montano1993 [528]

Answer:

The correct answer would be, The Canadian Airline would have used Lost Customer Recovery Strategy.

Explanation:

When the sales of the Canadian Airline declines, they surveyed their target market which is Business Class Travelers. From the responses of the customers, they found out that customers feel bounded by the staff of the airplane. They think that they were totally controlled by the staff on board.

Now if the Canadian Airline would have surveyed their former customers, then they would have known why they left their airline, and what was their concerns and what they want in this airline; then the strategy used by them would have Lost Customer Recovery Strategy.

7 0
3 years ago
This question explores the calculation of the unemployment rate. You will be provided some imperfect employment data for four di
Alik [6]

Answer:

Unemployment rate= 0.13= 13%

Explanation:

Giving the following information:

Of these 95 individuals, 75 are in the labor force and 65 are employed.

<u>To calculate the unemployment rate, we need to use the following formula:</u>

<u></u>

Unemployment rate= unmeployed population / labor force

Unemployment rate= 10/75

Unemployment rate= 0.13

7 0
3 years ago
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