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2 years ago

Economic growth refers to a steady increase in the production of goods and services in an economic system.

Business

1 answer:

MatroZZZ [7]2 years ago

3 0

Answer:

Economic growth refers to a steady increase in the production of goods and services in an economic system. True

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Define an informal business

Katena32 [7]

The informal sector refers to those workers who are self employed, or who work for those who are self employed. People who earn a living through self employment in most cases are not on payrolls, and thus are not taxed. Many informal workers do their businesses in unprotected and unsecured places.

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3 years ago

You see a television commercial for a product you may want to buy, and there is a telephone number you must call to place an ord

bulgar [2K]

Answer:

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Explanation:

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8 0

3 years ago

If Ed=2 and price decreases by 1%, by what percentage and in what direction will quantity demanded change?

Arte-miy333 [17]

Given:

Elasticity of Demand = 2

Decrease in price = 1%

To find:

Change in quantity demanded

Solution:

The percentage change in quantity demanded is the mathematical product of the percentage change in price and elasticity of demand. This can be mathematically represented as,

$\% \text{ change in quantity demanded }=\% \text{ change in price }\times\text{Elasticity of demand }\\\\ \Rightarrow \% \text{ change in quantity demanded }=1\times2\rightarrow 2\%$

Since, there is a decrease in price, the demand for the product will increase. Therefore, we can conclude that there will be 2% increase in quantity demanded

3 0

3 years ago

In column e, enter formulas that calculate the percentage of the grand total for each type of school supply (total cost of each

anyanavicka [17]

The formula to use get the % of grand totals is as follows:

after having the group subtotals, enter the formula SUBTOTAL(9,B2:B21) into a cell you need then press Enter key.

In a spreadsheet. this refers to the rectangular area that is formed by the intersection of a column and a row.

On a typical spreadsheet, every cells have its assigned code from Combination of Number 1-10 to Alphabet A-Z.

In order to calculate the percentage of the grand total for each type of school supply, we will need to enter a formula in the "% of Grand Total" column to divide the value in the "Total Cost" column by the grand total which will format the result as a percentage.

Read more about cell

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7 0

2 years ago

Falling economic indicators typically signal ________ in the economy. inflation inflation depression depression expansion expans

Softa [21]

Falling economic indicators typically signal recession in the economy.

This is further explained below.

<h3>What are economic indicators?</h3>

Generally, A statistic that pertains to an economic activity might be referred to as an economic indicator.

Indicators of the economy make it possible to conduct analyses of past performance and make projections about future performance.

The examination of different phases of company activity is one use of economic indicators.

In conclusion, Typically, a recession in the economy is indicated when economic indices start to fall.