All categories

2 years ago

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 :)

You might be interested in

Elmer Sporting Goods is getting ready to produce a new line of golf clubs by investing $1.85 million. The investment will result

Tems11 [23]

Answer:

The payback period for this project is 2.43 years.

Explanation:

Elmer Sporting Goods is getting ready to produce a new line of golf clubs by investing $1.85 million.

The investment will result in additional cash flows of $525,000, $812,500, and 1,200,000 over the next three years.

The payback period is the time it takes to cover the investment to be covered by returns.

The investment cost remaining in the first year

= $1,850,000 - $525,000

= $1,325,000

The investment cost remaining in the second year

= $1,325,000 - $812,500

= $512,500

The third year payback

= $\frac{\$ 512,500}{\$ 1,200,000}$

= 0.427

The total payback period

= 2.43 years

6 0

3 years ago

________ involves defining the firm's marketing mix variables so that target customers have a clear, distinctive, desirable unde

ivann1987 [24]

Answer: Positioning

Explanation: Positioning is a marketing strategy which is aimed at defining a brand's quality and offering in a distinctive manner. Positioning is used to set the boundary and establish the differences in the offerings and services by a firm which sets it apart from that offered by competing firms producing similar products or rendering similar services. Positioning defines the stand of a company's product or services in relation to that it's competitors by stating unique offerings of the firm's product. Therefore, giving customers a distinctive knowledge or understanding of the product from that of its competitors.

3 0

3 years ago

Accounting is the information system that A. measures business activity. B. communicates the results to decision makers. C. proc

Bezzdna [24]

Answer:

All of the above

Explanation:

Accounting is usually a computer-based method which helps to take care of certain business activities. Accounting is a crucial sector of any business and one slight wrong move can change the complete outlook of a business. Accounting is an information system that helps to process information into numbers. Likewise, it helps to understand how the business is moving and it shows the results of a business decision.

4 0

3 years ago

jayda started a corporation that creates software products for clients. which statement correctly reflects jayde's role in the c

HACTEHA [7]

Answer:

good for herlelellelelel

4 0

3 years ago

Read 2 more answers

An oligopolistic market structure is distinguished by several characteristics, one of which is either similar or identical produ

Diano4ka-milaya [45]

Answer:

Difficult entry, Mutual interdependence, Market is control by a few large firms.

Explanation:

An Oligopolistic market very few organisations control a particular market share. Likewise, when another organisation attempts to enter the market, there are obstructions set up by the current organisations. Similarly, if one organisation changes or alter a commodity, it affects all other firms and organisations. So there is mutual interdependence in the oligopolistic market. There is high mutual interdependence because firms produce identical or the same goods and services.

6 0

3 years ago