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quester [9]
2 years ago
9

1.Why is GDP / Capita a more accurate way of determining the well-being of a people?

Business
1 answer:
Vesnalui [34]2 years ago
5 0

Answer:

1. GDP is an indicator of a society's standard of living, but it is only a rough indicator because it does not directly account for leisure, environmental quality, levels of health and education, activities conducted outside the market, changes in inequality of income, increases in variety, increases in technology. 2. Real GDP is accurate to hundreds of dollars; nominal GDP is accurate to thousands of dollars. 3. Nominal GDP is an assessment of economic production in an economy that includes current prices in its calculation. 4. The four stages of the cycle are expansion, peak, contraction, and trough. Factors such as GDP, interest rates, total employment, and consumer spending, can help determine the current stage of the economic cycle. Insight into economic cycles can be very useful for businesses and investors.

Explanation:

I hope this can help :)

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If the economy is falling below potential real​ GDP, which of the following would be an appropriate fiscal policy to bring the e
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Answer:

Government spending

Explanation:

Expanded government spending is probably going to cause an ascent in aggregate demand (AD). This can prompt higher development momentarily. It can likewise increase the overall GDP. Higher government spending will likewise affect the supply side of the economy. Likewise, increase in government spending centres to apply fiscal policy is a way which could improve the economic situation of the country, it can also improve efficiency and a development over the long-run.

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Around $35

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Telemarketing sales calls offers lots of advantages like boosting sales in most organizations. You will have to sign a contract where you agree to pay for a minimum number of hours.

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3 years ago
Why should a team leader refer any serious conflicts to Human Resources or
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B

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8 0
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At the beginning of the year, Monroe Company estimates annual overhead costs to be $800,000 and that 200,000 machine hours will
lora16 [44]

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$600,000

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= Actual direct labor-hours × predetermined overhead rate

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