Answer:
Recommendation websites
Explanation:
Recommendation websites aggregate customers' opinions related to products or services that they have purchased and then suggest them to others with the same interest.
These websites make use of customer data based on what they have purchased in the past (product or service) to present to them new/similar products.
The government will be able to improve the road system, encouraging more people to drive on vacations. Social Security benefits will provide income for the elderly and disabled, allowing them to spend money, thus boosting the economy. Airline security might be slightly improved because of the ability to hire, but there will not be enough money to provide the latest equipment.
Answer:
a. $343.7 billion
b. $331.9 billion
c. $334.1 billion
Explanation:
The computation is shown below:
a. For GDP
GDP = Personal consumption expenditures + Government purchases + Net private domestic investment + Consumption of fixed capital + net exports
where,
Net exports = U.S. exports of goods and services - U.S. imports of goods and services
= $17.8 - $16.5
= $1.3 billion
So, the GDP would be
= $219.1 + $59.4 + $52.1 + $11.8 + $1.3
= $343.7 billion
b. For NDP
NDP = GDP - Consumption of fixed capital or depreciation
= $343.7 - $11.8
= $331.9 billion
c. For NI
NI = GDP + Net foreign income
= $331.9 billion + 2.2 billion
= $334.1 billion
All values are in billions
If Able Drug Company already has a patent on a drug called drug Z27, then they have the rights to charge it higher than cost of production. They do this so that they would gain profit from the drug that they have patented and to be able to expand their business more with it.
Answer:
- 10%
- (will increase in the short run) but in the long run it will return to the potential output level.
Explanation:
If the money supply is increased by 10%, the inflation rate will also increase by 10%.
In the short run the economy will be able to produce an output which is higher than the potential GDP, but once the inflation rate catches up, both the unemployment rate will increase and the real GDP will return to its potential output level.
