Why is GDP difficult to measure?

Answers

Answer 1

An economy may have one worker or be fully employed. It largely overlooks the black market, which ensures that production will never match reality.

What challenges does measuring GDP present?

It does, however, have a few significant drawbacks, such as: the absence of transactions that are not market-based. the absence of a representation or accounting for the level of societal economic disparity. failing to state whether or not the country's growth pace is sustainable

What are the four primary restrictions on GDP accuracy?

Response and Justification: Because it ignores unrecorded transactions, free labour, changes in entire income, quality changes in items, and goods created but not sold for cash, the GDP cannot be completely correct.

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Related Questions

Look around your room or in your house and find five different objects and identify where they were made. In at least 100 words, discuss how you have personally benefited from trade and provide at least 2 examples. Identify 1 positive impact of trade on your life and 1 way that you have been negatively impacted also.

Answers

Answer:

As I look around my house I find a pocket watch that has helped me tell time, a handy knife that saved my but while camping, a flashlight that helps me see in the dark, and books that I read to allow my mind to wonder. I’ve even got a feather pen I use to write down important notes. Each of these items required trade in order to receive. I traded an old knife for the pocket watch, a few books for new books, and so on with the other items. Trading is a form of giving to receive and can be used to get someone you want from someone else who wants something you have. However trading isn’t that easy due to the fact of poor trades such as a trade I once did for a hammer, I traded a spool of wire for the hammer only to realize that I needed the wire more then the hammer. Not all trade is bad though because it can also benefit you by getting you something better and even someone else something they need. That is the importance of trade.

Explanation:

when a claim for services performed on january 28 is submitted to medicare, what is the claim filing deadline?

Answers

Answer:

January 28

Explanation:

Emilio is photographing a series of hills on his uncle's farm. He remembers that he needs to try to add a foreground to his image to make it appear three dimensional. How is he MOST LIKELY to add this foreground? A. B. C. D. He might change his position to include some foreground items such as rocks or grasses. He might tilt his camera up to better capture the tops of the hills. He might add some framing trees in the middleground of his image. He might circle around to the side of the hills to capture the cows standing on top. PLS HELP!!​

Answers

Emilio is photographing a series of hills on his uncle's farm. He remembers that he needs to try to add a foreground to his image to make it appear three-dimensional. He is most likely to add this foreground Option A. He might change his position to include some foreground items such as rocks or grasses.

The foreground of an image is usually the element that is closest to the viewer. The foreground is often used to add depth to an image. If a photographer wants to create a 3D appearance in his image, he must ensure that the image has a foreground, mid-ground, and background. It is possible to include a foreground in a photo by modifying the angle of the shot and including elements in the foreground.

Emilio might change his position to include some foreground items such as rocks or grasses. By doing so, he will be adding depth to his image. Another way to add foreground to an image is to use framing trees in the middle ground of the image, but this may not provide the depth required. Tilt his camera up to better capture the tops of the hills or circling around to the side of the hills to capture the cows standing on top are not recommended, as the question seeks to add a foreground.

Therefore, Emilio is most likely to add the foreground by changing his position to include some foreground items such as rocks or grasses. Therefore, the correct option is A.

The question was incomplete, Find the full content below:

Emilio is photographing a series of hills on his uncle's farm. He remembers that he needs to try to add a foreground to his image to make it appear three-dimensional. How is he MOST LIKELY to add this foreground?

A. He might change his position to include some foreground items such as rocks or grasses.

B. He might tilt his camera up to better capture the tops of the hills.

C. He might add some framing trees in the middle ground of his image.

D. He might circle around to the side of the hills to capture the cows standing on top.

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When given one variable value, the value of other variables can be easily estimated. This applies to which type of graph? a. Line c. Scale b. Bar d. Both A and B Please select the best answer from the choices provided A B C D

Answers

Answer: A. Line!

Explanation: On Edge!!

which is an effect of cultural differences on global trade?

Answers

Consumer buying behavior may be impacted by cultural variations, which may eventually increase a brand's chances for global trade. People communicate in a range of ways based on their cultural background.

What does "global trade" mean?

Global commerce, which consists of the total import and exports of every participating country, is the exchange of products or services between nations. It is subject to the laws of supply and demand, and the price of any good or service offered is determined by these laws.

What are instances of global trade?

Domestic customers now have access to foreign goods that local businesses could not otherwise create. Import, export, business, foreign investment, job outsourcing, and establishing production facilities abroad are all examples of global commerce.

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Allen Corporation can (1) build a new plant that should generate a before-tax return of 11%, or (2) invest the same funds in the preferred stock of Florida Power & Light (FPL), which should provide Allen with a before-tax return of 9%, all in the form of dividends. Assume that Allen’s marginal tax rate is 25%, and that 70% of dividends received are excluded from taxable income. If the plant project is divisible into small increments, and if the two investments are equally risky, what combination of these two possibilities will maximize Allen’s effective return on the money invested? (Round your final answer to two decimal places.)

Answers

The combination that will maximize Allen Corporation's effective return on the money invested is to invest entirely in the preferred stock of Florida Power & Light (FPL).

To determine the optimal combination, we need to compare the after-tax returns of the two options. Let's calculate the after-tax return for each choice:

Building a new plant:

Before-tax return: 11%

Tax rate: 25%

After-tax return: (1 - 0.25) * 11% = 8.25%

Investing in FPL preferred stock:

Before-tax return: 9%

Tax rate: 25%

Exclusion of dividends from taxable income: 70%

After-tax return: (1 - 0.25) * 9% * (1 - 0.70) = 1.80%

Comparing the after-tax returns, we find that the after-tax return from investing in FPL preferred stock is higher (1.80%) compared to the after-tax return from building a new plant (8.25%). Therefore, the optimal combination is to invest the entire amount in FPL preferred stock, as it provides a higher effective return on the money invested.

Investing the entire amount in the preferred stock of Florida Power & Light (FPL) will maximize Allen Corporation's effective return on the money invested. This decision takes into account the after-tax returns of the two options, considering Allen's marginal tax rate and the exclusion of dividends from taxable income.

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explain the term democracy!!​

Answers

un
a system of government by the whole population or all the eligible members of a state, typically through elected representatives.

Hope this helps!

why do I have to pay

Answers

Answer:

Pay for what?

Explanation:

Most things require you to pay a fee.

In order for you to get the item that you want, and that’s goes for you selling too u get money when you sell (give item for money) in order to have money again.

In his job, Damon often identifies causes of problems with telecommunication equipment. Which is most likely his employer? a government-run company a local cable company a publishing company a production company

Answers

Answer:

B

Explanation:

Damon often identifies causes of problems with telecommunication equipment. A local cable company is most likely his employer. Thus, its C.

What is telecommunication?

Information can be transmitted using a variety of technologies via wire, radio, optical, or other electromagnetic systems. This is known as telecommunication.

As a result, slow systems (like postal mail) are not included in the field. It has its roots in humans' need for communication at a distance greater than what is possible with the human voice, but with a similar level of expediency.

From beacons and other identifying and communicating, to electrical cable and electromagnetic radiation, including light, the transmission media in telecommunication have progressed through several technological stages.

The advantages of multiplexing many concurrent communication sessions are made possible by the division of such transmission pathways into communication channels.

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Your question is incomplete, probably the question is:

In his job, Damon often identifies causes of problems with telecommunication equipment. Which is most likely his employer?

A) a government-run company

B) a local cable company

C) a publishing company

D) a production company

how does globalization affect the economy of your country? describe the effects of globalization on the employment rate, the standard of living, and imports and exports

Answers

Globalization generally lowers the cost of manufacturing. This suggests that companies can provide their goods at lower prices to consumers. The average cost of goods is a crucial component in raising the quality of living.

How does globalization work?

A more connected and interconnected world has been created as a result of trade and technology, a process known as globalization. The economic and social developments that have resulted from it are also included in the scope of globalization.

It can be visualized as the interconnected strands of a massive spider web that has grown in size and reached over the course of millennia. These silken strands have carried more people, more money, more things, more ideas, and more sickness and disaster than ever before in the modern era. They have also done it more quickly than ever.

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a bank has set aside almost 3 s a loan loss reserve. the resulting loss of income is $26,750,000. this is an example of what kind of risk?

Answers

Answer:

\(5.363 \\ 5911 + \times \)

dyggtig ghucf

\(x4.53..1 \2 {22.}^{2} [22. = ]{?} \)

Which of the following would increase aggregate demand?

Answers

Answer:

Increase in income


Explanation:

FOOD;

1.how to reduced food?
2.how to reused food?
3.how to recycled food?


WATER;
1.how to reduced water?
2.how to reused water?
3.how to recycled water?


please ​

Answers

Godisgood04 all the time in

If a business ceases operations and liquidates, which of the following will be paid last?
A) Owners
B) General Creditors
C) Employees
D) Creditors who have collateral for their loans

Answers

When a business ceases operations and liquidates, the owners will be paid last after all secured creditors, employees, and owners have been paid. Option A is correct.

Secured Creditors with collateral for their loans have a legal claim to specific assets of the business as collateral for their loans. They will be paid first from the proceeds of the liquidation, using the value of the collateral.

Employees are usually given priority in payment after secured creditors. They are entitled to receive their unpaid wages, benefits, and any other compensation owed to them.

General creditors include suppliers, service providers, and other parties to whom the business owes money. They will be paid after secured creditors and employees. The available funds from the liquidation will be distributed among these creditors based on their claims.

Therefore, option A is correct.

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A goal that you want to achieve by next year is which type of goal?
A.
Short-term
B.
Intermediate
C.
Long-term
D.
Lifestyle

Answers

B, Intermediate. It isn’t a super lengthy goal but not one you could achieve over a few weeks of hours.

Disadvantages of choosing a job that is extremely popular or in demand

Answers

The disadvantage of choosing a job that is very popular or a job that is in high demand is that after a while such a job may become saturated or it would become monotonous.

What is a high demand job?

This is the term that is used to refer to a job that the people that wpould employ labor are constantly in need of. Such a job is one that would require the people that have the qualification to opt in and get the places and the roles that they are to fill.

The issues that may arise from such a job that is in high demand is that after a period, such a job may have a lot of persons that would want to fulfil the role.

The number of qualified persons may become more than the job that is available for the people to do in the long run.

Hence this is a disadvantage. Therefore I would conclude by saying that the disadvantage of choosing a highly popular job is that the number of persons that are willing to fulfil the role may exceed the job overtime.

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Explain the word taxation.​

Answers

Taxation is the practice of a government collecting money from its citizens to pay for public services, taxation is practice of collecting taxes (money) from citizens based on their earnings and property

The Glo-Brite Company is considering development of a new children's toothpaste in fun-shapeddispensers.Before performing any business analysis on the product, Glo-Brite would like an initial response frompotentialcustomers to determine interest in a toothpaste of this type. Glo-Brite will beginto gather theinformation.a. ideagenerationb.screeningc. testmarketingd. productdevelopmente. concepttesting

Answers

Glo-Brite will begin to gather the information is the process of concept testing. The correct option is e.

It is a method of assessing the appeal of a concept, product, or service to the intended target audience. Before committing significant resources to the development of a product, concept testing is done to determine whether or not a product will satisfy the needs of the target market.

Concept testing is a part of the product development process. It is an attempt to assess the market's response to a product or service idea before it is introduced into the market.

Before performing any business analysis on the product, Glo-Brite would like an initial response from potential customers to determine interest in a toothpaste of this type.

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Which option should be used to commit a record in an Access table?

Press Esc.
Select Undo.
Press Ctrl+Z.
Move to a new record.

EDGE

Answers

Answer:

D)Move to a new record.

Explanation:

this is what I narrowed it sown to

edg 2021

Answer:

the answer is D

Explanation:

edge 2022

Should citizens participating in
criminal trials should have some requirements such as someone who
has a degree? Or someone who makes at least $20,000 per year? Why
or why not?

Answers

Citizens participating in criminal trials should not be required to have a degree or make a certain amount of money per year. This is because such requirements would create inequalities in the justice system and violate the principle of equal protection under the law that is enshrined in the US Constitution.

First, requiring citizens to have a degree in order to participate in criminal trials would discriminate against those who cannot afford higher education. This would create an unfair advantage for those who are more affluent and better-educated, and it would prevent many people from serving on juries or as witnesses.

Secondly, requiring citizens to make a certain amount of money per year would also create inequalities. Poorer citizens would be excluded from participating in criminal trials, which would violate their rights to equal protection under the law. Moreover, wealth is not necessarily a measure of a person's ability to serve as a juror or a witness. A person's income level does not necessarily correlate with their intelligence, education, or integrity

.In conclusion,citizens should not be required to have a degree or make a certain amount of money per year in order to participate in criminal trials. Doing so would violate the principle of equal protection under the law, create inequalities, and prevent many people from participating in the justice system.

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the factor which determines whether or not goods should be included in a physical count of inventory is

Answers

Answer is : legal title


The factor which determines whether or not goods should be included in a physical count of inventory is:

a. legal title.
b. whether or not the purchase price has been paid.
c. management's judgment.
d. physical possession.


a. legal title

The legal title of the commodities is what determines whether or not they should be counted during a physical inventory. As a result, choice (A) is acceptable.

What is inventory?

The term "inventory" describes the products and supplies that a company keeps with the intention of reselling, producing, or using them.

Defining the size, location, and shape of stocked commodities is a major focus of inventory management. Prior to the normal and scheduled course of production and stocking of materials, it is necessary at various points within a facility or at several sites of a supply network.

By defining work in process (or work in progress) broadly to mean "any work that is or has occurred prior to the completion of production," the concept of inventory, stock, or work in process (or work in progress) has been expanded from manufacturing systems to service firms and projects.

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Your question is incomplete, probably the correct question is

The factor which determines whether or not goods should be included in a physical count of inventory is:

a. legal title.

b. whether or not the purchase price has been paid.

c. management's judgment.

d. physical possession.

Kent works in the public relations department of his company. He sends a news release about a new product offering to several newspapers and television stations. Kent knows from past experience that even when the media use his news releases, they often release the information at inopportune times. They will also sometimes cut out what Kevin believes are the most important points to make the news fit. However, Kent accepts these disadvantages because free publicity offers the advantage of

Answers

Answer:

The answer is "credibility".

Explanation:

In this scenario, free advertising offers a reputation benefit. When this journal advertises openly, it's also considered reliable by the targeted customers like, it is in news form while charging something. Therefore, Kent finds that improper transmission of time information to be a drawback since it recognizes that its product and company would still be credible.

People are known to have different qualities. Kent accepts these disadvantages because free publicity offers the advantage of Credibility.

Credibility is known to be a characteristic of an individual who is said to be noted by others to be a trusted advisor, believable, and confident as they tend  to show a high level of expertise in a specific field.

A lot of traits are said to be of influential behaviors are known to be linked with with high credibility. Kent acceptance shows that free publicity gives some measure  of Credibility.

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a month’s supply of an allergy medication costs the pharmacy $49.60. the selling price is $58.13. what is the amount of markup and the markup percentage?

Answers

The amount of markup is $8.53, and the markup percentage is approximately 17.19%. Markup can be defined as the difference between the cost of a good and its selling price.

The calculation of markup is usually done to determine the profitability of a product. When a retailer or pharmacy marks up the cost of a product, it results in an increase in the selling price of that product, which is then paid by the end customer.

In the given case, a month’s supply of allergy medication costs the pharmacy $49.60 and the selling price is $58.13. Thus, the markup amount can be calculated as follows:

Markup = Selling price - Cost price

Markup = $58.13 - $49.60

Markup = $8.53

Thus, the amount of markup is $8.53. The markup percentage can be calculated as follows:

Markup Percentage = (Markup/Cost price) × 100

Markup Percentage = ($8.53/$49.60) × 100

Markup Percentage = 17.19 %

Thus, the markup percentage is 17.19%.

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in terms of the community of stakeholders outside the organization, the faa is in boeing’s ______ environment.

Answers

In terms of the community of stakeholders outside the organization, the FAA is in boeing’s task environment.

What is the boeing’s task environment?

Environmental sustainability, global & community engagement, and diversity & inclusion are the three main areas where Boeing Corporate Social Responsibility programs are focused on, which help in fostering social and environmental sustainability.

Therefore, in terms of the community of stakeholders outside the organization, the faa is in boeing’s task environment.

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Type the correct answer in the box. Spell all words correctly. The demand curve has what kind of slope?

Answers

Answer:

Usually slopes downwards

Explanation:

in a negative association

The value of used goods ___ counted as part of gdp___

Answers

The value of used goods is not counted as part of GDP (Gross Domestic Product).

What is GDP?

Gross Domestic Product measures the value of all final goods and services produced within a country s borders during a specific period of time usually a year used goods are already included in the gdp in the year they were produced and sold as new goods if a used good is resold it does not contribute to current production or income and therefore it is not included in gdp only the sale of new goods and services counts towards gdp

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Define ''limited in stock''

Answers

Answer:

Explanation:

it means that the product wont be around aymore since its limited to retailer?

Why should you make a personal investment plan?
A. To keep your money as safe as possible
B. To avoid financial risk
C. To meet your personal financial goals
D. To make the most money possible​

Answers

C. To meet your personal financial goals

Answer:

to meet your personal financial goals

Explanation:

i like work at a besiness

Answers

Answer:

OK??

Explanation: Up at answer

I got a 50 the first time taking this, don’t know what I got wrong.

I got a 50 the first time taking this, dont know what I got wrong.

Answers

Answer:

true , for sure because the lesser the deadweight loss of a tax

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Hint: the electric field from an infinitely long straight uniform line charge is E(r) = 2 k r . 7- The cash records of a company show the following consecutive transactions:- The June 30 bank reconciliation indicated that deposits in transit totaled X TL. DuringJuly the general ledger account for Cash shows deposits of 10.600 TL, but the bankstatement indicates that only 9.840 TL in deposits were received during the month.- In August, deposits per the bank statement totaled 30.600 TL; deposits per books35.000 TL and deposits in transit at August 31 were 9.500 TL.What was X?a) 4.340 TLb) 5.100 TLc) 13.140 TLd) 1.260 TL8- Suppose that, as a fund manager, you purchase 5.000 bonds of Company X on 1 Jan.2022 for 1.000 TL each in order to earn coupon payments or sell when available.Simultaneously, you also purchase 4.000 bonds of Company Y for 750 TL each for tradingpurposes. The price of the bonds of Company X increases to 1.200 TL first, but aftersome days it drops to 1.120 TL and you immediately sell half of the bonds. On the otherhand, the price of the bonds of Company Y drops to 700 TL first, but after some days itincreases to 760 TL and you immediately sell half of the bonds. Assuming that there areno more price movements throughout the year, what would be the profit or loss as ofthe year end?a) 300.000 TL profitb) 200.000 TL lossc) 220.000 TL profitd) 120.000 TL loss While onsite at a customer location, it is determined the processor in the processor and heatsink module (phm) must be replaced. what are the steps to remove the processor from the phm? 11.Work backwards to write a quadratic equation that will have solutions of x = 12 and x = 2.