Describe the four major characteristics of GDP as a central concept in macroeconomics.
Question:
Describe the four major characteristics of GDP as a central concept in macroeconomics.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 0% (1 review)
Characteristics of GDP as a Central Concept in Macroeconomics 1 Measure of Economic Activity Gross D...View the full answer
Answered By
PALASH JHANWAR
I am a Chartered Accountant with AIR 45 in CA - IPCC. I am a Merit Holder ( B.Com ). The following is my educational details.
PLEASE ACCESS MY RESUME FROM THE FOLLOWING LINK: https://drive.google.com/file/d/1hYR1uch-ff6MRC_cDB07K6VqY9kQ3SFL/view?usp=sharing
3.80+
3+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
1. In the classical model, it is thought that the long-run: A. and short-run aggregate supply curves are both upward sloping. B. aggregate supply curve is vertical and the short-run aggregate supply...
-
The four major characteristics of services are intangibility, inseparability, variability and perishability. Managers could efficiently incorporate these characteristics into their strategies and...
-
Describe the four major economic flows that link the United States with other nations. Provide a specific example to illustrate each flow. Explain the relationships between the top and bottom flows...
-
A Mechanical Design Company produces an innovative design of Battery used for electric cars. The standard design of producing one(1) unit of Battery is provided in the bill of materials BOM which...
-
In the first years following the passage of the Clean Air Act in 1970, air pollution declined sharply, and there were important health benefits, including a decline in infant mortality. According to...
-
Father sold land to Son in 2 0 2 2 . Son gave Father an installment note with payments to start in 2 0 2 3 . In 2 0 2 3 , Father cancelled the note when it had a face amount of $ 7 5 , 0 0 0 fair...
-
P(x < 180) The random variable x is normally distributed with mean = 174 and standard deviation = 20. Find the indicated probability.
-
Firms M and N compete for a market and must independently decide how much to advertise. Each can spend either $10 million or $20 million on advertising. If the firms spend equal amounts, they split...
-
Discuss comprehensively the following competencies and practice behaviors that are expected during your field practicum : Engage in ongoing self-reflective practice including an awareness of and...
-
Levi Strauss & Co. makes the denim fabric for some of its jeans in a factory in Greensboro, North Carolina, using cotton grown in the United States. The company then sends the denim fabric to a plant...
-
GM car sales dropped from 4 million per year in the mid-2000s, when the economy was in an expansion, to only 2.1 million per year at the end of the recession in 2009. The economy experienced a...
-
The K sp of Al(OH) 3 is 2 10 -32 . At what pH will a 0.2-M Al 3+ solution begin to show precipitation of Al(OH) 3 ?
-
Relate the concept of the experience curve to the production operations of an automobile assembly plant.
-
Is it possible for a business to differentiate its outputs and lower its costs simultaneously? Explain.
-
Which of the following is not a potential reason for selecting a stability strategy? A. The industry is not growing. B. Growth may place constraints on customer service. C. Costs associated with...
-
The agency problem refers to the balancing act a firm must exhibit when attempting to satisfy the myriad of governmental agencies. True or False
-
Explain the role of business process reengineering in various functional strategies.
-
Derive Equation 40-2; that is, show that the rest energy of one unified mass unit is 931.5MeV. (1 u)c2 = 931.5 MeV 40-2 %3D
-
The landing gear of an aircraft with: mass of 2000 kg the spring-mass-damper system Consider that the runway surface is y(t) = 0.2 cos 157.08t stiffness of the spring is 5 x 105 N/m. What is the...
-
What is meant by a factor of production? Have you ever sold any on a market?
-
Why do you think per-capita income in Connecticut is nearly double that in West Virginia?
-
Most American businesses are small, but most of the output is produced by large businesses. That sounds paradoxical. How can it be true?
-
3/11 When on level ground, the car is placed on four indi- vidual scales one under each tire. The scale read- ings are 4450 N at each front wheel and 2950 N at each rear wheel. Determine the...
-
150 lb/ft 200 lb-ft 200 lb-ft A beam supports forces and moment as shown in Figure. The reactions at A and B are shown in figure as well. (A) Define the loading function q(x) using Singularity...
-
The stress tensor at P is given with respect to Ox1x2x3 in matrix form with units of MPa by 4 bb [tij] === b 7 2 b 24 where b is unspecified. If = 3 MPa and = 2011, determine (a) the principal stress...
Study smarter with the SolutionInn App