Answer:
Politics
Explanation:
cause im the fastest man alive
Consumer and producer surplus measure the _____ benefit rather than the _____ benefit.
Consumer and producer surplus measure the net benefit rather than the total benefit.
What is consumer and producer surplus?Consumer surplus is the difference between the willingness to pay of a consumer and the price of the good.
When consumer surplus is shown on the demand curve, it is a triangular area between the price of the good and the highest amount consumers are willing to pay for the good.
Consumer surplus = willingness to pay – price of the good
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
When consumer surplus is added to producer surplus, the result is total surplus
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Marketing is the activities, sets of institutions, and processes that add blank______ for customers.
Marketing is the activity, set of institutions, and processes for creating, communicating, delivering, and exchanging offerings that have value for customers.
What is marketing?Marketing can be defined as the process of creating product awareness about a product so as to attract potentials customers.
Marketing is important as it help to increase sales which is why most companies tend to often employee a marketing manager that will help in markerting the company products.
Inconclusion Marketing is the activity, set of institutions, and processes for creating, communicating, delivering, and exchanging offerings.
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to achieve long-term success in professional sales, all efforts must be centered on
To achieve long-term success in professional sales, all efforts must be centred on building strong relationships, understanding customer needs, and providing exceptional value. By focusing on these key elements, sales professionals can ensure sustained success and growth in their careers.
Firstly, building strong relationships with clients and prospects is crucial. By establishing trust, credibility, and rapport, sales professionals can create a solid foundation for long-term partnerships. Active listening, clear communication, and follow-ups are essential components in nurturing these relationships.
Secondly, understanding customer needs is vital to tailor the sales approach effectively. By conducting thorough research and asking the right questions, sales professionals can identify the unique pain points and desires of their target audience. This knowledge allows them to present tailored solutions that address specific needs and demonstrate the value their product or service can bring.
Lastly, providing exceptional value is a key driver of long-term success in sales. This includes offering high-quality products or services, sharing valuable insights, and going above and beyond to meet customer expectations. By consistently delivering value, sales professionals can foster customer loyalty, generate referrals, and maintain a positive reputation within their industry.
In summary, long-term success in professional sales is achieved by centring efforts on building strong relationships, understanding customer needs, and providing exceptional value. By mastering these aspects, sales professionals can cultivate a thriving career and contribute significantly to their organization's success.
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How are Epigenetic tags different from genes?
* please i really need help i ask this question but nobody answer so i had to post it again \(>~<)/
Answer:
epigenetics is the term used to describe inheritance by mechanisms other than through the DNA sequence of genes. It can apply to characteristics passed from a cell to its daughter cells in cell division and to traits of a whole organism.
Explanation:
Bloomberg LP, in partnership with the National Conference on Citizenship and Points of Light, has created a scorecard of America's top community-minded companies which they call the
Answer:
Civic 50.
Explanation:
Bloomberg LP, in partnership with the National Conference on Citizenship and Points of Light, has created a scorecard of America's top community-minded companies which they call the civic 50. It was launched in the United States of America in 2012 and is a program designed and established to recognize and honour the fifty (50) most philanthropic, community-minded or socially responsible companies in the United States of America each year, determined by True Impact through an annual survey. These fifty (50) companies are selected based on this criteria; investment, integration, institutionalization and impact.
An innovative business idea that no one has never had
An innovative business idea that no one has never had is Offering virtual assistance to other businesses.
What is innovative business idea ?innovative business idea can be described as an idea in business that cn be developed so that it can be a way to earn a living by providing the services or the goods to the consumer.
It should be noted that this innovation can be the one that no one has ever done or the modification of the one that has been in exisitence, however providing the virtual assistance serves as one of the innovation in business that can ring profit.
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Complete question:
State An innovative business idea that no one has never had
What are the major provisions of the Equal Credit Opportunity Act? Respond in 3-4 sentences.
Also research what creditors look for? Explain in detail
Answer:
Explanation:
The major provisions of the Equal Credit Opportunity Act are that it is against the established law for any creditor to differentiate against any applicant, based on certain characteristics such as race, color, religion, national origin, sex, marital status, or age
It is also considered illegal for any creditors to ask questions such as "their marital status or if they have the intention to have children.
Also, the usual practice is to inform any applicants of the status of their credit application, whether it is granted or otherwise within 30 days of application.
Generally, creditors look for information that may suggest that the applicants can easily repay their loan or credit facilities. Such as your income level, and age.
PLEASE HELP ASAP!!! I'LL MARK BRAINLIEST!!! FOR CAREER DISCOVERY!!!
TABLE 1 Careers in Medicine
Career Field Specific Job Level of Education Required
Medicine Hospital orderly High school diploma or equivalent plus CPR certification
X-ray technician Associate degree (two-year degree) plus certification
Doctor Bachelor’s degree (four years) plus doctoral or other advanced degree (usually four years) plus three or four more years of training
TABLE 2 Careers in Agriculture
Career Field Specific Job Level of Education Required
Agriculture Agriculture technician High school diploma or equivalent
Farm manager Associate degree (two years) or bachelor’s degree (four years)
Soil scientist Bachelor’s degree (four years) plus master’s degree (about two years)
Step 2: Reflect on Value and Integrity
Open a word processing document and answer these questions about the two career fields:
1. What kinds of values do people need to do well in these jobs? (Values might include honesty, compassion, conscientiousness, or bravery, among others.)
2. What is valuable about each of these jobs?
3. What does it look like when someone does these jobs with integrity?
The value in Medicine would be dedication in caring for patients and the sick people
What are the values in the careers1. For the careers in medicine, people need to have strong values in compassion, empathy, and dedication to providing the best care to patients. Honesty and transparency are also important in this field to build trust with patients and maintain ethical standards in the medical profession. For careers in agriculture, values such as reliability, hard work, and a passion for working with the land and animals are necessary. Honesty and integrity in business practices and dealings with clients and customers is also important.
2. The value of careers in medicine lies in the opportunity to positively impact people's lives and improve their health through direct care and treatment. The value of careers in agriculture lies in the ability to provide food and resources for communities and to work with natural resources and systems to sustainably grow crops and raise livestock.
3. Doing these jobs with integrity means providing quality care or services and acting in an ethical and honest manner. In medicine, this means following the standards of patient confidentiality and providing accurate diagnoses and treatments. In agriculture, it means adhering to sustainable practices and responsible management of resources, as well as transparent and fair business practices.
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How is it possible to have a large amount of assets but only modest net worth?
Answer:
one possibility is that you spent more on your assets, than your assets are making. In other words, some assets may have a low or negative net worth
It's possible that you spent more money on the assets than they were earning. To put it another way, some assets could have a low or negative net worth.
What is meant by assets?An asset is a resource with economic value that a person, company, or nation owns or manages in the anticipation that it may one day be valuable. Assets are listed on a company's balance sheet. They are broken down into four groups: present, fixed, financial, and tangible.
In a nutshell, yes cash is the largest asset and a current asset on a company's balance sheet. Using cash, the most liquid asset type, is the simplest way to acquire other assets.
An asset is something or someone that is beneficial or helps a person or organization prosper. Our inventiveness is our greatest asset in the technology field. single-word noun.
Thus, It's possible that you spent more money on the assets than they were earning.
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In 2-5 paragraphs, discuss the process you would use to determine whether Internet resources are suitable and reliable sources of information.
Leadership students will collaborate with each other to plan, decide, and execute events - how do you manage disagreements between yourself and others?
Think about the possible responses and your response to them. By defusing the issue, try to reduce your stress. Consider the advantages that the person could choose. You should modify what you say to fit their communication style.
What role does the leader have in negotiations and conflict resolution?Effective leaders know how to bring contentious situations into the open in order for all parties to begin working toward a settlement that will benefit everyone. They resolve conflicts in a way that makes it possible to develop enduring relationships.
Why is it important for leaders to resolve conflicts?This maintains commercial links while enabling parties to a dispute to learn more about one another. Good conflict resolution programs also help people get back to work since unresolved disagreements usually reduce focus and productivity at the office.
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1.Why do you think we tend to ignore the messages or advertising that is out there?
2.Why does Godin argue that companies should market to early adopters?
3.Godin argues that the riskiest thing a company can do is be safe. What does he mean by this?
4.If you were marketing a product, what is one tip you could take from this video to help you
5.market the product? Discuss how you would use the tip to help your company.
6.What happened with Greenpeace's whale naming campaign?
7.What lesson can we learn about marketing from this example?
8.Think about a business idea that you have. How could you use social media for this business?
Explanation:
1. We are bombarded with lots of advertisement that is beyond our comprehension as consumers because we already have working solutions at our disposal.
2. He believes this group of people are more curious about getting acquainted with new ideas and products.
6. They were successful. This was a campaign against whaling expedition, however an online voting campaign began on social media to name the whale in hopes of creating publicity so that the Japanese government would ban whale expeditions. It proofed successful after the campaign went viral and a ban was effected.
7. It shows the power of social media in motivating people towards a good cause.
8. Pictures play a role in catering services businesses. Thus, social media sites which allows photo sharing can be a great help in marketing confectioneries.
Appleville is a village that specializes in all forms of apple products. Suppose that each winter, when no apples are being produced, aggregate output falls below the long-run equilibrium output level. What type of fiscal policy might be most effective in correcting this problem
The type of fiscal policy which might be most effective in correcting this problem is:
C) Increasing government spending in order to increase aggregate demand.According to the given question, we are asked to state the type of fiscal policy which might be most effective in correcting this problem of the village which loses its aggregate output.
As a result of this, we can see that the fiscal policy which can solve this problem is by increasing the government spending so that the aggregate demand would be increased.
Therefore, the correct answer is option C
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What would best describe a recession ?.
A recession is a period of time during which economic activity slows, resulting in reduced levels of production, employment, and trade. It is typically marked by a decline in gross domestic product (GDP), an increase in unemployment, and a reduction in consumer spending.
What is recession?
Whenever there is an overall decline in economic activity, there is a recession, which is a contraction of the business cycle in economics. Recessions typically start when spending falls dramatically across the board (an adverse demand shock). Several things could cause this, including a financial crisis, a shock to international trade, a bad supply shock, the deflation of an economic bubble, or a significant anthropogenic as well as natural disaster (e.g. a pandemic). The European Union had also adopted a definition of a recession that is similar to that used in the United States: "a significant decrease in economic activity spread from across market, lasting and over a few months, normally visible throughout real GDP, real income, jobs, industrial production, as well as wholesale-retail sales."
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Conduct thorough research on the following questions and provide a concise response:
(a) Why is teamwork important in business?
(b) How can employers help facilitate successful teamwork?
What is the author's main claim or argument?
Pizza is the best
rate this photo...............
Answer:
ok
Explanation:
black and white
Answer:
um id.k maybe a 5 1/2 ig?
Explanation:
whenever the president of the local public university promotes the institution, he emphasizes the university's price (much lower than neighboring private colleges) and high quality. he is positioning the institution based primarily on
The President of the local public university is positioning the institution based primarily on the value proposition.
What is value proposition ?A value proposition is a short sentence that expresses the advantage of your product or service that you guarantee to provide for your clients. In the end, it's what draws your ideal buyer to your goods. A value proposition explains what your company does better than the competition and the benefits of working with you or purchasing your goods.
A strong value proposition satisfies three requirements:
It is particular: What particular advantages would your target customer get?It is customer-focused: How will your product alleviate their suffering or enhance their quality of life?How is it exclusive and desired at the same time? How well does it draw attention to your competitive advantage and distinguish you from rivals?To know more about, value proposition, visit :
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Many economists believe that the growth of the money supply is A. not related to output growth. B. inversely related to the price level. C. directly related to interest rate growth. D. positively related to the growth of real GDP.
Answer:
D.
Explanation:
They believe that controlling the supply of money directly influences inflation and that by fighting inflation with the supply of money, they can influence interest rate in the future.
A certified financial advisor, who works for an accredited nonprofit specializing in
helping consumers repay debt in a responsible manner through education,
budgeting, and other tools
Answer:
credit counselor
Explanation:
A credit counselor is a certified professional whose work entails guiding clients to repay off their debts. A credit counselor is an expert in money management, personal budgeting, and debt control. He or she helps a client develop a debt repayment plan and may negotiate lower interest rates with creditors.
A credit counselor works in a non-profit making organization that offers credit counseling services. They offer advice on finance and money management and educates clients on their preparing personal budget
Alice loves all animals and is starting a new grooming business for dogs. She believes that animals are very important and plans to exceed any applicable regulations regarding cleanliness and health standards. Alice thinks some local regulations make no sense. For example, there is a local ordinance that all dogs must be kept on a leash at all times when not in a fenced area. Although Alice lives on a large lot with plenty of room for dogs to run free, she plans to obey the leash regulation and all others. She is aware, however, that members of the community have had success in changing local regulations by petitioning city council. Alice plans to proceed in that manner to attempt a change in the leash law. Alice's idea that dogs have basic rights, and her plan to exceed laws involving cleanliness and health standards is rooted in which of the following?A. Legal positivism.
B. The historical school.
C. Legal realism.D. Natural law.
E. Cost-benefit analysis.
Answer:
D. Natural law.
Explanation:
As a concept, natural law states that everyone, including people, animals and all other living things, e.g. trees, have God given or natural rights. These rights include our right to live and be free, and are not established by any law created by humans, instead we (and the rest of living creatures) are born with them. Laws made by human societies have no right to interfere or break natural laws, since natural laws are the basis of all other laws.
Some people believe that natural law only applies to humans, but others, e.g. ecologists and animal lovers, believe that they apply to all living creatures.
manufacturer produces some output called "Product" using a raw material called "Input". To production of 1 ton of Product requires 3/5 ton of Input. The manufacturer has a contract to deliver 50 tons of Product to Store M (Store M is the "market" for Product). Input is available in Spot N (Spot N is the source of Input, equivalent to "mine" in the textbook). Store M is 40 miles away from the Spot N. The shipping cost of both Product and Input are $2 per ton per mile. We will help the manufacturer to find the total transport-cost minimizing factory location. To arrive at the answer, go through the following steps in parts (a), (b) and (c). (a) First consider two potential locations for the factory: Spot N and Store M. Calculate shipping costs by filling in the cells of the table below. Show your calculations. Location of Factory Spot N Store M Input Shipping Cost Product Shipping Cost Total Shipping Cost (b) Draw a graph to illustrate your calculations. On the x-axis represent potential Factory Locations with Spot N on the left corner and Store M on the right corner. The y-axis represents shipping costs. Clearly label the axis, all three shipping cost lines and significant points on the graph. (c) What is the total transport-cost minimizing location for the manufacturer? Does this location make intuitive economic sense? Explain in 1-2 sentences.
In the following question, among the various parts to solve on cost minimization- a) Spot N ->$600, Store M -> $800, c) N as it has the lowest total shipping cost of $600.
A) The total shipping costs associated with producing 50 tons of Product are as follows:
Location of Factory: Spot N -> Input Shipping Cost = $200, Product Shipping Cost = $400, Total Shipping Cost = $600Location of Factory: Store M -> Input Shipping Cost = $0, Product Shipping Cost = $800, Total Shipping Cost = $800B) The graph below shows the shipping costs associated with two potential factory locations (Spot N and Store M):
C) The total transport-cost minimizing location for the manufacturer is Spot N as it has the lowest total shipping cost of $600. This makes intuitive economic sense as it is more cost-effective to have the factory closer to the input source (Spot N) rather than closer to the market (Store M).
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as firms simultaneously downsize and face the need for increased coordination across organizational boundaries, a control system based primarily on boundaries and constraints would be
True, "As firms simultaneously downsize and face the need for increased coordination across organizational boundaries, a control system based primarily on boundaries and constraints is dysfunctional."
A boundary condition is typically a particular prerequisite for solving an equation, frequently making it easier to shift from a very general problem to a particular instance that can be solved. A constraint is a requirement placed on solutions that allows you to reject or accept them.
The phrase "organizational boundaries" is frequently used in business and the legal industry to indicate the difference between one company and another that is distinct but related. In daily business management theory, boundaries are also defined as being spatial or temporal.
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Analysis and Interpretation of Quantitative Data Executive Match is a relationship services provider targeted at the upper end of the market. Executive Match conducts an initial personal interview and uses a proprietary system for matching compatible singles wanting to find a partner. Executive Match also provides opportunities for its members to get together at activities such as wine tasting. Casino nights and high-end dinning. Executive Match has conducted an online survey to discover which factors influence their customers' level of satisfaction with them as their provider of relationship services. The survey resulted in 402 completed responses. In the survey, data was collected on customers overall level of satisfaction with ExecutiveMatch, and the types of value the customer derives from their relationship services. The types of value studied were monetary (Executive Match is good value for money), convenience (I value the ease of using the Executive Match service), social (using Executive Match makes a good impression on other people), and emotional (using ExecutiveMatch gives me pleasure). Overall satisfaction was measured as 'Overall, I am very satisfied with Executive Match. These variables were all measured on 7-point Likert-type scales ranging from 1-strongly disagree to 7-strongly agree. The age of the customer was also provided. A regression model was constructed to predict overall satisfaction on the basis of the independent value-based variables indicated above. ATTACHMENT 2 is provided to assist you in answering the questions below. Provide a summary of key findings from the regression analysis (7 marks): recommendations to Executive Match, based on insights gained from the analysis, to assist with their marketing and service development to ensure its customers have a high level of overall satisfaction (4 marks); and suggest additional research that could be carried out to gain a greater understanding of customer satisfaction with ExecutiveMatch (4 marks).
Summary of key findings from the regression analysis- There are four independent variables, including monetary, convenience, social, and emotional values, while the dependent variable is the overall satisfaction of the customers with the Executive Match.
The regression analysis was conducted to determine which of the four independent variables contributes significantly to the overall satisfaction of the customers. It was found that all four independent variables were positively related to the overall satisfaction of the customers. However, convenience was found to be the most important factor that influences the customers’ satisfaction. Customers also derive more value from the emotional value as compared to the other three values.
Recommendations to Executive Match
Based on the insights gained from the analysis, Executive Match should consider providing more convenience to its customers, including the ease of use of the service. This can be achieved by streamlining the service’s process of matching compatible singles. The company can also look for ways to add emotional value to the customers. This can be achieved through more activities like wine tasting, casino nights, and high-end dining. Suggest additional research that could be carried out to gain a greater understanding of customer satisfaction with ExecutiveMatch
The company should consider conducting qualitative research to understand why convenience is the most important factor in determining the overall satisfaction of the customers. They can also consider conducting research to determine the best ways to add emotional value to the customers' lives. Finally, they can also conduct research on how to improve the services to increase customers' convenience and satisfaction
The regression analysis revealed that all four independent variables were positively related to the overall satisfaction of the customers. The regression equation can be written as follows: Overall Satisfaction = 2.73 + (0.18) Monetary Value + (0.22) Convenience Value + (0.12) Social Value + (0.15) Emotional ValueThe R-square value of the regression equation was 0.545, which indicates that the model can explain 54.5% of the variation in the overall satisfaction of the customers. It was found out that convenience was the most important factor that influences the customers’ satisfaction. Customers also derive more value from the emotional value as compared to the other three values. This means that the Executive Match should focus more on convenience and emotional value to increase the overall satisfaction of the customers. This can be achieved by providing more convenience to its customers, including the ease of use of the service. The company can also look for ways to add emotional value to the customers. This can be achieved through more activities like wine tasting, casino nights, and high-end dining. Finally, the company should consider conducting qualitative research to understand why convenience is the most important factor in determining the overall satisfaction of the customers. They can also consider conducting research to determine the best ways to add emotional value to the customers' lives.
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Why do the media sensationalize issues?
A.
to generate interest in a story, attracting readers or viewers
B.
to ensure that both sides of a story are explored
C.
to remove bias from a story
D.
to make sure that only the most important issues get news coverage
Please select the best answer from the choices provided
A
B
C
D
Answer:
A. to generate interest in a story to attract viewers and readers
what is 3/5 of 18 800
Answer:
11,280
Explanation:
3/5 of 18 800
=3/5 x 18 800
=0.6 x 18,800
=11,280
Step 3: Now, let’s identify the factors that affect the Business Environment
As big as our economy is, it is still sensitive to changing dynamics that affect its performance and vitality. Consider these factors and how they impact business. CHOOSE JUST THREE FACTORS TO GIVE AN EXAMPLE FOR BELOW.
Economic: Jobs, interest rates & inflation are some of the forces that affect supply and demand, which determines how prices and quantities of goods and services perform in our economy.
Political/Legal: The stability of a government, and the types of laws it passes affects businesses profitability and investment
Demographic: Businesses have to consider their market’s age, gender, race, ethnicity and location.
Social: Attitudes, values, ethics, and lifestyles—influence what, how, where, and when people purchase products or services. They are difficult to predict, define, and measure because they can be very subjective.
Competition: Competition causes business to develop new products, services and technologies, and offer consumers greater selection and better products. The greater the selection of a good is in the market, prices are typically lower for the products,Global: Immigration/Refugees, political factors, tariffs, climate events and competition.
Technology: The use of science and engineering skills can be used to solve production and organizational problems. New equipment and software that improve productivity and reduce costs can be among a company’s most valuable assets.
Step 4: Choose THREE factors from the above list, and give an example of how you see this work in the economy:
(Name Factor here): (Example here of where you have seen this factor demonstrated).
(Name Factor here): (Example here of where you have seen this factor demonstrated).
(Name of factor here): (Example here of where you have seen this factor demonstrated).
(Example: Political/Legal: The Federal Reserve System)
Do you need more help understanding this topic? Read the linked article below.
Understanding the Business Environment (Link to Article)https://opentextbc.ca/businessopenstax/chapter/understanding-the-business-environment/
Ale jak się okazało w Polsce dniu narty nie skierowane to dniu tym świecie i jest ogóle nie ma problemu z tym że nie ma przecieku co w wszystko jutrzejszym terminie
Fred Rogers bought a $50,000 whole life insurance policy at age 20. What is his annual premium if the rate is $18.75 per $1,000 of insurance coverage?
Answer:
Amount of annual premium = $937.5
Explanation:
Given:
Total amount of insurance coverage = $50,000
Rate of premium = $18.75 per $1,000 Insurance coverage
Find:
Amount of annual premium
Computation:
Amount of annual premium = Total amount of insurance coverage [18.75/1,000]
Amount of annual premium = 50,000[18.75/1,000]
Amount of annual premium = 50[18.75]
Amount of annual premium = $937.5
The table displays price and quantity information for two vehicle models produced by Ford Motor Company, the F-series trucks and Escape SUVs.
2016 2017
Price Quantity Price Quantity
Escape SUVs $24,485 307,069 $24,645 308,296
F-series trucks $44,400 820,799 $47,800 896,764
Round all numerical answers to two decimal places.
a. Calculate the amount contributed by Ford to U.S. real and nominal GDP from the sales of the two models in 2016 and 2017.Nominal GDP 2016:
billion
Nominal GDP 2017:
billion
Real GDP 2016:
billion
Real GDP 2017:
billion
b. Determine the growth rate of nominal GDP (if Ford were the entire economy).
Growth rate of nominal GDP:
%
c. Determine the growth rate of real GDP (if Ford were the entire economy).
Growth rate of real GDP:
%
d. Use the shortcut you learned to convert between real and nominal GDP growth rates to determine the growth rate of prices.
Growth rate of prices:
%
e. The increase in nominal GDP in part a is due to a change in
both quantity and prices.
quantity.
prices.
Answer:
a. The nominal GDP 2016 = $43.96 billion
The real GDP 2016 = $43.96 billion
The nominal GDP 2017 = $50.46 billion
The real GDP 2017 = $47.36 billion
b. The growth rate is of nominal GDP is 14.79%
c. The growth rate is of real GDP is 7.73%
d. The growth rate in prices is 6.55%
e. The increase in nominal GDP in part a is due to a change in both quantity and prices
Explanation:
a. The amount contributed by Ford to U.S. real and nominal GDP from the sales of the two models 2016 and 2017 are given as follows;
The nominal GDP 2016 = $24,485 × 307,069 + $44,400 × 820,799 = $43.96 billion
The real GDP 2016 = The nominal GDP 2016 = $43.96 billion
The nominal GDP 2017 = $24,645 × 308,296 + $47,800 × 896,764 = $50.46 billion
The inflation for Escape = ($24,645 - $24,485)/$24,485× 100 = 0.65%
GDP deflator for Escape = 100 + 0.65 = 100.65
The inflation for F-series = ($47,800 - $44,400)/$44,400× 100 = 7.66%
GDP deflator for F-series = 100 + 7.66 = 107.66
The real GDP 2017 = ($24,645 × 308,296)×100/100.65 + ($47,800 × 896,764)×100/107.66 = $47.36 billion
b. The growth rate is of nominal GDP is ((The nominal GDP 2017 - The nominal GDP 2016)/(The nominal GDP 2016)) × 100
The growth rate is of nominal GDP = (($50.46 billion - $43.96 billion)/$43.96 billion) × 100 = 14.79%
c. The growth rate is of real GDP is ((The real GDP 2017 - The real GDP 2016)/(The real GDP 2016)) × 100
The growth rate is of real GDP = (($47.36 billion - $43.96 billion
)/$43.96 billion) × 100 = 7.73%
d. The growth rate in prices is given as follows;
Price Deflator = (Nominal GDP/(Real GDP))×100
Price Deflator = ($50.46 billion/$47.36 billion)×100 = 106.55
The growth rate of prices = 106.55 - 100 = 6.55%
e. The increase in nominal GDP in part a is due to a change in both quantity and prices
Quantity increased from 307,069 in 2016 to 308,296 in 2017 for Escape SUVs
Quantity increased from 820,799 in 2016 to 896,764 in 2017 for F-series trucks
Price increased from $24,485 in 2016 to $24,645 in 2017 for Escape SUVs.
Price increased from $44,400 in 2016 to $47,800 in 2017 for F-series trucks.
a. The nominal GDP 2016 = $43.96 billion
The real GDP 2016 = $43.96 billion
The nominal GDP 2017 = $50.46 billion
The real GDP 2017 = $47.36 billion
b. The growth rate of nominal GDP is 14.79%
c. The growth rate of real GDP is 7.73%
d. The growth rate in prices is 6.55%
e. The increase in nominal GDP in part a is due to a change in both quantity and prices
How do you calculate the growth rate?
If soil nutrients are adequate for the next season’s productivity expectation;Market volatility impacts the prices of the grown crop.Credit issues cause the inability to secure enough funds to cover full harvest requirements.a. The amount contributed by Ford to U.S. real and nominal GDP from the sales of the two models in 2016 and 2017 are given as follows;
The nominal GDP 2016 = $24,485 × 307,069 + $44,400 × 820,799 = $43.96 billion
The real GDP 2016 = The nominal GDP 2016 = $43.96 billion
The nominal GDP 2017 = $24,645 × 308,296 + $47,800 × 896,764 = $50.46 billion
The inflation for Escape = ($24,645 - $24,485)/$24,485× 100 = 0.65%
GDP deflator for Escape = 100 + 0.65 = 100.65
The inflation for F-series = ($47,800 - $44,400)/$44,400× 100 = 7.66%
GDP deflator for F-series = 100 + 7.66 = 107.66
The real GDP 2017 = ($24,645 × 308,296)×100/100.65 + ($47,800 × 896,764)×100/107.66 = $47.36 billion
b. The growth rate is of nominal GDP is ((The nominal GDP 2017 - The nominal GDP 2016)/(The nominal GDP 2016)) × 100
The growth rate is of nominal GDP = (($50.46 billion - $43.96 billion)/$43.96 billion) × 100 = 14.79%
c. The growth rate is of real GDP is ((The real GDP 2017 - The real GDP 2016)/(The real GDP 2016)) × 100
The growth rate is of real GDP = (($47.36 billion - $43.96 billion
)/$43.96 billion) × 100 = 7.73%
d. The growth rate in prices is given as follows;
Price Deflator = (Nominal GDP/(Real GDP))×100
Price Deflator = ($50.46 billion/$47.36 billion)×100 = 106.55
The growth rate of prices = 106.55 - 100 = 6.55%
e. The increase in nominal GDP in part a is due to a change in both quantity and prices
Quantity increased from 307,069 in 2016 to 308,296 in 2017 for Escape SUVs
Quantity increased from 820,799 in 2016 to 896,764 in 2017 for F-series trucks
Price increased from $24,485 in 2016 to $24,645 in 2017 for Escape SUVs.
Price increased from $44,400 in 2016 to $47,800 in 2017 for F-series trucks.
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More than _______ of new businesses in the united states are service businesses, and service employment is _______.
More than 90% of new businesses in the united states are service businesses, and service employment is fewer.
What is business?Business can be described as the offering of services as well as selling of goods to the consumer so that profit can be made by the company that is doing the business.
It should be noted that business could involves the selling of products as well as the manufacturing of the product which can then been sold to the wholesaler and from the wholesaler to the retailer and through that to the final consumer.
It could also implies that the business is into offering of services to the consumer which could be inform of therapy as well as pedicure services or logistic services to different consumers in the town.
It should be noted that i the united states the business that can be found there could be based on the services as well as the production of goods, however in the country there are many business that are into services com[pare to those that are into production of goods as well as services.
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