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2 years ago

How does a country's GDP help you determine if its economy is strong or weak?

2 answers:

8 0

The GDP means gross domestic product. When it increases then it means the economy is getting stronger or is already strong. If it decreases then it becomes weaker or is already weak.

Nonamiya [84]2 years ago

7 0

The gross domestic product (GDP) is one of the primary indicators used to gauge the health of a country's economy. It represents the total dollar value of all goods and services produced over a specific time period, often referred to as the size of the economy. Usually, GDP is expressed as a comparison to the previous quarter or year. For example, if the Q3 2017 GDP of a country is up 3%, the economy of that country has grown by 3% over the third quarter. While quarterly growth rates are a periodic measure of how the economy is faring, annual GDP figures are often considered the benchmark for the size of the economy.

Read more: What is GDP and why is it so important to economists and investors? | Investopedia https://www.investopedia.com/ask/answers/what-is-gdp-why-its-important-to-economists-investors/#ixzz5Q9HNoybf

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Suppose that Michelle buys a cappuccino from Paul's Cafe and Bakery for $4.75. Michelle was willing to pay up to $6.75 for the c

miv72 [106K]

Answer:

$3.50

Explanation:

Consumer surplus is the difference between the willingness to pay of a consumer and the price of the good.

Consumer surplus = willingness to pay – price of the good

$6.75 - $4.75 = $2

Producer surplus is the difference between the price of a good and the least price the seller is willing to sell the product

Producer surplus = price – least price the seller is willing to accept

$4.75 - $1.25 = $3.5

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2 years ago

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tiny-mole [99]

If its true or false question then true i think.

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3 years ago

Changing the prices of products based on the level of demand characteristics of the customer is called ________ pricing.

Airida [17]

Changing the prices of products based on the level of demand characteristics of the customer is called dynamic pricing.

Personalization is the use of customer data to create or modify items to meet individual needs. Customization is the manual modification of an item by a customer to meet their needs and requirements. Content streaming services are perhaps the most famous example of the subscription business model.

Internet technology reduces demand information costs by enabling price transparency (making it easier for consumers to find different prices) and cost transparency (making it easier for consumers to see the true cost of a product). and improve information quality.

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6 0

1 year ago

Sleeping on job case study<br>

Elza [17]

Answer:

I’m not sure what you mean but sleeping on a case is bad because when revealing the problem might be handle to late

Explanation:

7 0

2 years ago

A student deposits $1,642 in the bank that pays 6.2% interest yearly (using yearly compounding). After 5 years he withdraws the

tamaranim1 [39]

Answer:

the perpetuity will pay the student 166.36 dollar per years

Explanation:

First, we solve for the amount of the original investment after 5 years:

$Principal \: (1+ r)^{time} = Amount$

Principal 1,642.00

time 5.00

rate 0.06200

$1642 \: (1+ 0.062)^{5} = Amount$

Amount 2,218.17

<u>Then, this goes into a perpetual annuity at 7.5%</u>

2,218.17 x 0.075 = 166.3630983 = 166.36

the perpetuity will pay the student 166.36 dollar per years

6 0

2 years ago