In terms of the distinction between decision-making and issue-solving, the statement "When solving a problem, you must pick from among several choices" is FALSE.
Decision-making, which can also be spelled decision-making, is the cognitive process that leads to the selection of a belief or a plan of action from a variety of potential alternative possibilities. It might be both unreasonable and rational. The process of creating decisions is a form of reasoning that is predicated on the decision-values, maker's preferences, and beliefs. A decision is made at the end of every decision-making process, and that decision may or may not lead to action.
Particularly in European psychology research, research on decision-making is also published under the heading of issue solving. Making decisions can be seen as a problem-solving process that results in a solution that is thought to be ideal, or at the very least, acceptable.
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Look for _____ in research information showing preferential treatment or consideration regardless of legitimate reasoning.
credibility
relevance
bias
additional sources
Answer:
bias
Explanation:
bias is the true anwer
The local car dealership has an increase in inventory of 100 newly produced cars in 2015. In 2016, it sells all 100 cars. Which of the following statements is correct?
a. The value of the cars in inventory will be counted as part of 2015 GDP, and the value of the cars sold in 2016 will not increase 2016 GDP.
b. The value of the cars in inventory will not affect 2015 GDP, and the value of the cars sold in 2016 will increase 2016 GDP.
c. The value of the cars in inventory will be counted as part of 2015 GDP, and the value of the cars sold in 2016 will increase 2016 GDP.
d. The value of the cars in inventory will not affect 2015 GDP, and the value of the cars sold in 2016 will not increase 2016 GDP.
The local car dealership has an increase in inventory of 100 newly produced cars in 2015. In 2016, it sells all 100 cars. The value of cars counts only towards 2015 GDP.
Despite the fact that there are other sorts of inventory, the four primary ones are maintenance, repair, and operational supplies, finished goods, work-in-progress, and raw materials and components.
In conclusion, stock refers to the quantity of finished items that are readily accessible for purchase, and inventory refers to both finished goods and the parts that go into making a finished good. In other words, all inventory is stock, but not all stock is inventory.
Keeping a steady supply of goods on hand for activities is inventory's primary purpose. Your company should look for the sweet spot between too much and too little stock, without ever running out, in order to carry out this duty efficiently.
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physical demands are stressors associated with . a. job settings b. decision making c. role ambiguity d. allotted tasks e. role conflict
The workplace Physical requirements are stressors related to the work environment. Stress can be caused by high environmental temperatures, shoddy office layouts, and health risks. 3. Role demands are pressures connected to a certain role within a team or organization.
Task demand stress: what is it?
Task Demands Task demands are pressures related to a person's particular profession. Certain jobs are more stressful than others by their very nature.
What causes stress?
Anything that releases stress hormones is referred to as a stressor. Physiological (or bodily) stresses and psychological stressors are the two main categories of stressors.
What are the demands of psychology?
According to On the Agenda, psychological demands are present in a work environment when individuals' interpersonal and emotional skills and the demands of the role they hold are a suitable fit.
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true or false: fifo perpetual and fifo periodic inventory methods result in the same amount of cost of goods sold.
This assertion is accurate. The cost of items sold will be the same whether FIFO cost flows are perpetual or periodic.
Why will both periodic and eternal FIFO cost flows have the same cost of goods sold?To gauge the amount of inventory and the cost of items sold, the periodic inventory system performs a periodic physical count. Every time a product is received or sold, the perpetual system automatically updates the inventory balances, maintaining a continuous record of all available stock.
Perpetual FIFO refers to the removal of expenses from the inventory account and the debiting of those costs to the cost of goods sold account in order of when they were first incurred. Consequently, the cost of products sold and the cost of the ending inventory will be the same for permanent FIFO cost flows and periodic FIFO cost flows.
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dr. saetang conducts a study that finds that praise from supervisors is associated with higher levels of work productivity, but only because highly motivated people are praised more often, and highly motivated people are more productive. what role does employee motivation play in the relationship between praise and work productivity?
Employee motivation refers to the elements that encourage workers to give their all to their jobs and helps in increasing productivity. People who are motivated are diligent, imaginative, trustworthy, and completely absorbed in what they are doing.
Finding strategies to maintain employee motivation is essential for both their wellbeing and the long-term viability and financial health of your business. Consider it preventive maintenance; maintaining employee motivation is simpler than rekindling it. There are two types of employee motivation:
Extrinsic: Motivation that is brought on by extraneous elements like rewards and recognition. Physiological and safety requirements are the basic human needs that extrinsic motivation satisfies.Intrinsic: An individual's desire to uphold their internal belief system about the outside world or about themselves is an example of an intrinsic motivational component. The three highest levels of Maslow's hierarchy of need - love and belonging, esteem, and self-actualization are satisfied by intrinsic motivation.To read about Maslow's Hierarchy see:
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a quota can also be used to solve the externality problem. what quantity should the government choose for the quota limit if their goal is to achieve the socially optimal (efficient) outcome?
If the government wants to achieve the socially optimal outcome that will solve the externality problem, they should impose a quota limit of 120 million packs.
What is the socially optimal outcome?The socially optimal outcome would be the quantity where the quantity demanded is the same as the marginal social cost.
This is because this point shows where the marginal social cost is equal to the demand and therefore most likely to satisfy society's demand for cigarettes in the best way.
To achieve the socially optimal (efficient) outcome therefore, the government should introduce a quota limit at this quantity of 120 million packs.
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Which step in the marketing research process consists of identifying the type of data needed and choosing the method necessary to collect it?.
Designing the research in the marketing research process involves identifying the type of data needed and determining the method necessary to collect it.
What is marketing research?Market research is a systematic attempt to learn as much as possible about target markets and consumers, starting with who they are. It is a crucial element of corporate strategy and a key contributor to keeping competitiveness.
Information that is pertinent to decision-making is provided by marketing research, which benefits marketing management. Marketing research neither determines the course of action nor ensures success. Instead, market research assists in lowering the level of confusion surrounding the choices to be made.
When a company phones a current client to inquire about how they are enjoying a product they recently bought, that is an example of a market research interview. Interviews can be conducted by marketers with subjects at home, on the street, at work, or in a market research centre.
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Suppose that demand for a good increases and, at the same time, supply of the good decreases. What would happen in the market for the good?
a. Equilibrium price would increase, but the impact on equilibrium quantity would be ambiguous.
b. Equilibrium quantity would decrease, but the impact on equilibrium price would be ambiguous.
c. Equilibrium price would decrease, but the impact on equilibrium quantity would be ambiguous.
d. Equilibrium quantity would increase, but the impact on equilibrium price would be ambiguous.
Equilibrium price would increase, but the impact on equilibrium quantity would be ambiguous if demand for a good increases and, at the same time, supply of the good decreases.
An increase in demand and a decrease in supply raise the equilibrium price, but the effect on the equilibrium quantity is unknown. Consumers now place a greater value on the good for any quantity, and producers must have a greater price in order to to provide the good; thus, price will rise.
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assuming dell’s sales will grow 50% in 1997, how would you recommend that the company fund their growth? how much working capital would need to be reduced and/or profit margin increased if the company were to fund its growth by relying only on internal sources of capital? what steps would you recommend that dell take to achieve its growth goal?
The company fund their growth with working capital need to be reduced profit margin increased growth so as to achieve goals of firm.
Company usually use its internal and external sources to fund requirements which are fulfilled to make the firm work and no external binding funds for the company remains not with debt and achieve their goals
Working capital requirements are the major component of the profit produced as they are use to calculate the total cost of production and the capital required to complete the produce.
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major trends in today's dynamic world of work include increased emphasis on self-directed work groups and virtual teams, heightened global competition, innovative communication technologies, new work environments, and focus on a. promoting from within. b. creating an entirely online presence. c. business ethics. d. increasing levels of management.
Option A. promoting from within.
Now a days eveything is moving online due to growth of smartphones,technology and raise in percapita Income
Innovation is the sensible implementation of thoughts that result in the creation of new items or services or development in presenting goods or offerings. ISO TC 279 within the fashionable ISO 56000:2020 defines innovation as "a new or modified entity knowing or redistributing cost"
Innovation can be a new idea, product or technique this is translated into an amazing or service that creates price or for which clients are inclined to pay. The essence of innovation is improvement – the capacity to create something higher and launch it to the sector.
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. in the context of strategic planning, the strategic goals of an organization represent concrete benchmarks that managers can use to measure performance in each key area of the organization.
The statement in the context of strategic planning, the strategic goals of an organization represent concrete benchmarks that managers can use to measure performance in each key area of the organization is True.
What is strategic planning?Strategic planning can be defined as the way in company or an organization tend to plan on how to achieve their set goals by making use of some techniques or strategy that will enables them to achieve.
Having a strategic goals is essential for companies based on the fact that it can be use as a way to measure performance in an organization when the goals and objective is achieve.
Therefore the statement is true.
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The complete question is :
T/F - In the context of strategic planning, the strategic goals of an organization represent concrete benchmarks that managers can use to measure performance in each key area of the organization.
Cash basis accounting recognizes ___________ when cash is received and records ________ when cash is paid.
Revenue is recorded on the cash basis of accounting when cash is received, and only cash payments are recorded.
Revenue is the money made from regular business operations and is calculated by multiplying the average sales price by the quantity of units sold. It is the top line amount from which costs are deducted in order to calculate net income. On the income statement, revenue is also known as sales. The money received from regular business activities is known as revenue, sometimes known as sales or the top line. Operating expenses minus revenue equals operating income. Non-operating income is sporadic or irregular money that comes from other sources.
Governments, charities, and other non-profit organizations, as well as private persons, all record revenue, albeit the methods and sources used vary. Revenue just includes the revenues from sales; income and profit also include the costs incurred in order to produce revenue and disclose net earnings.
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all of the following are safeguards for inventory except: multiple choice question. taking two inventory counts by different counters. using counters that are responsible for inventory. having counters confirm the existence, amount, and condition of inventory. having a manager confirm inventory counts.
All of the following are safeguards for inventory Having counters confirm the existence, amount, and condition of inventory. Having a manager confirm inventory counts. Taking two inventory counts by different counters
A guard, in international law, is a restraint on global alternate or economic development to protect communities from development aggression or home industries from overseas competition. In the global trade corporation (WTO), a member may additionally take a protective movement, such as proscribing imports of a product temporarily to guard a home enterprise against growth in imports inflicting or threatening to purpose damage to home production. Within the United Nations Framework conference on climate trade, safeguards are meant to guard indigenous peoples and other local communities with traditional know-how of natural aid control inside efforts closer to reducing emissions from deforestation and wooded area degradation. The WTO and UNFCCC concepts are related to international regulation.
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Answer: using counters that are responsible for inventory
Explanation:
what steps do the commission and the council intend to take at european or international level for further debt reduction or cancellation to help the poorest countries?
Answer:1) Be eligible to borrow from the World Bank’s International Development Agency, which provides interest-free loans and grants to the world’s poorest countries, and from the IMF’s Poverty Reduction and Growth Trust, which provides loans to low-income countries at subsidized rates;2) Face an unsustainable debt burden that cannot be addressed through traditional debt relief mechanisms;3) Have established a track record of reform and sound policies through IMF- and World Bank–supported programs ; and4) Have developed a Poverty Reduction Strategy Paper (PRSP) through a broad-based participatory process in the country.
if given the opportunity to bet on a coin flip that would pay them $100 if they are right and cost them $80 if they are wrong, most people take the bet because .
If given the opportunity to bet on a coin flip that would pay them $100 if they are right and cost them $80 if they are wrong, most people will not take the bet because losing $80 feels worse than winning $100.
Loss aversion is a psychological bias where the feeling of loss is deeper than the feeling of gain. The psychological effect of loss is double the effect in comparison to gain.
Loss aversion is a concept of cognitive psychology, behavioral economics, and decision theory. It is a common concept in daily life especially when a person makes a financial or marketing decision.
In this situation, people will less likely to take the bet as the loss aversion is stronger here as the loss will be $80 and the gain is marginally higher, $100.
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in january 2020, domingo, inc., acquired 20 percent of the outstanding common stock of martes, inc., for $856,000. this investment gave domingo the ability to exercise significant influence over martes, whose balance sheet on that date showed total assets of $4,634,000 with liabilities of $974,000. any excess of cost over book value of the investment was attributed to a patent having a remaining useful life of 10 years. in 2020, martes reported net income of $259,000. in 2021, martes reported net income of $302,250. dividends of $73,000 were declared in each of these two years. what is the equity method balance of domingo’s investment in martes, inc., at december 31, 2021?
As of December 31, 2021, Domino's investment in Martes, Inc. had a $914,250 equity method balance.
The equity method is what?A business uses the equity method as an accounting technique to record the profits made from its investment in another business. The investor company reports the revenue generated by the other company on its income statement using the equity method of accounting, in a proportional amount to the equity stake it holds in the other company.
Calculation:
Calculating Domingo's investment in Martes using the equity method balance is the question. on December 31, 2015, Inc.
Step 1: Determine the amortization of patents
Particulars Amount
Martes Inc Assets' Book Value $4,634,000
Subtract: Liabilities ($974,000)
Martes Inc Net Assets Book Value $3,660,000
20% Voting Stock Book Value $732,000
(20% of $3,660,000)
Subtract: Purchase cost of 20% ($856,000)
Excess of Cost over book value $124,000
Patent (the excess above) $124,000
Amortization of the patent in 10 years = $124,000/10 years = $12,400
Step 2: Calculate Domingo Inc.'s equity investment.
Particulars Amount
Cost of Investment $856,000
Income accrued 2017 (0.2 x $259,000) $51,800
Subtract: Declared dividend (0.2 x $73,000 ) ($14,600)
Income Accrued 2018 (0.2 x $302,250) $60,450
Subtract: Patent Amortization ($12,400)
Subtract: Dividend declared 2018 (0.2 x $73,000 ) ($14,600)
Subtract: Patent Amortization ($12,400)
Domingo Inc's Investment in Martes Inc $914,250
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which refusal technique is successfully used in the opening of this message? opening cordially with praise opening with a subordinate clause opening with an offer of assistance
The refusal technique that is successfully used in the opening of this message is second option; Opening with a subordinate clause.
What is refusal technique?Refusal technique can be described as the strategies or methods which is been utilized by the individual as well as the organization so that they can say ''no'' in peer pressure situations as well as the situation that they do not find useful for them.
It should be noted that this techniques can be varied, ad the one that was used here is the Opening with a subordinate clause which help in the refusal.
Therefore second option is correct.
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which term is used as an alternative to switching costs?
Lock in term is used as an alternative to switching costs.
In the field of economics, vendor lock-in, often referred to as patent lock-in or customer lock-in, occurs when a client becomes reliant on one vendor for their product needs and is unable to switch costs without incurring significant expenditures. Systems become adaptable through the use of standard protocols and alternate solutions, allowing decisions to be delayed until more data is available or unforeseen situations are addressed.
The reverse of what vendor lock-in accomplishes is that it makes switching between solutions challenging. Antitrust action against a monopoly may result from lock-in costs that erect barriers to market entry.
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The success of an entrepreneurial venture is often jeopardized by the death of its founder. What is an important measure to minimize this problem?
The success of an entrepreneurial venture is often jeopardized by the death of its founder. Adequate succession planning is an important measure to minimize this problem.
The process of replacing the leaders and managers in your organization with high-potential internal (and occasionally external) replacements is called succession planning. In essence, the goal is to find, train, and replace staff members as needed to minimize any disruption caused by a prospective change in roles or hierarchies.
The goal of succession planning is intricate. Damage management and removing a crucial leader as soon as feasible are not the only concerns. It involves removing a leader and installing a successor who is qualified for the job, has the potential to succeed, and can take over the role swiftly and effectively (with added emphasis on successfully). It is about reducing the risks of organizational transformation while developing a succession planning approach or framework.
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How does the governance of a closely held corporation compare to the statutory model of corporate governance?.
Corporate governance differs from company control in that governance is usually approximately defensive a commercial enterprise, even as control is greater approximately developing it. Governance refers back to the guidelines and methods set in area to make sure a commercial enterprise operates in the regulation and for the superior gain of all stakeholders.
Under the Anglo-American Model of company governance, the shareholder rights are regarded and given importance. They have the proper to go with all of the participants of the Board and the Board directs the control of the company. Some of the capabilities of this version are: This is shareholder orientated version compare corporation.
To date, researchers have diagnosed 3 fashions of company governance in evolved capital markets. These are the Anglo-US version, the Japanese version, and the German version.
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Which of these is NOT considered to be a cost connected with an individual's death?
a. Funeral expense
b. Tax liability
c. Business expenses
d. Probate costs
a. Funeral expense is NOT considered to be a cost connected with an individual's death in such case where life insurance were done.
Do Funeral Costs Get Paid for by Life Insurance?
The majority of life insurance policies pay out a single amount to a designated recipient. An insurance payout covers lost income and settles any taxes and bills that your estate might have to pay.
In some cases, Medicaid recovery programs will charge your estate for any care you received under the state's program. There are frequently unforeseen expenses, including court costs. Funeral expenses are not typically covered by an insurance policy.
They should respect your requests if you expect your beneficiary to use the insurance payout to cover the cost of your funeral. But that is not necessarily how things turn out.
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d needs life insurance that provides coverage for only a limited amount of time while also paying the lowest possible premium. what kind of policy is needed
The kind of policy is needed Level term.
With limited payment life insurance, the policyholder refrains from extending the policy to ultimately pay the premium. Instead, you pay the full cost of the policy over time. Term life insurance, also known as pure life insurance, is a type of death benefit that is paid to the policyholder's heirs over a specified period of time.
Life provides whole-life protection at a premium for 30 years. The advantage of this policy is that premiums can be carried forward for 30 years, making life insurance cheaper compared to other limited payment options. Single premium life insurance allows policyholders to make a lump sum payment instead of monthly, quarterly, or yearly payments.
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explain your understanding of what an accrued expense is by selecting the statements below which are correct. (check all that apply.)
Expenses and payables are two important items recorded on the balance sheet of a company. The key difference between accrued expenses and accounts payable is that while accrued expenses are expenses that are recognized in the accounting books for the period in which they are incurred whether payment is cash or not, payables are payments to creditors who have sold goods to a company on credit.
Accrued expenses are accounting costs that are recognized on the books before they are paid. These costs are usually periodic in nature and will be recorded as a current liability on the balance sheet. Expenses to be paid must be recorded to conform to the concept of accrual accounting. According to the accrual concept, income and expenses must be recorded in the period in which they are incurred, regardless of whether cash is paid or not.
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when might it be better a firm with an 85% market share in an industry rather than a less concentrated industry?
Might it be better a firm with an 85% market share in an industry rather than a less concentrated industry The extra especially focused a marketplace is, the much less aggressive it's miles.
A market share with low attention isn't ruled with the aid of using any huge gamers and is taken into consideration aggressive. Markets with extraordinarily low concentrations are stated to be fragmented.
Four organization attention ratio suggests the percentage of the sum of the pinnacle 4 firms. It is the maximum normally used attention ratio. If the ratio near 0 it's miles a clean case of best competition. If the ratio is 100%, it suggests the case of monopoly. Some firm are extra focused than others due to technical homes in their manufacturing technology or specific traits of the markets they serve.
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After reviewing financial aid offer #1, what question should you ask the financial aid representative regarding important information that is not available in the offer?.
The question that you have to ask the financial aid representative about the offer would be: What is the school's cost of attendance?
What is a financial aid?This is the term that is used to refer to the amount of money that is given to students as the ways that they would be able to take care of the tuition and other school expenses that they may be having.
Otherwise put, the term financial aid can be used to refer to what is called the student loans and other forms of help that the people that need it especially those in the colleges and other forms of tertiary institutions would be required to have.
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Assigning jobs to workers and giving authority to certain people is a managing activity called
Answer: Organizing
Explanation:
to determine the adjusting entries required, a(n) ______ is prepared.
Unadjusted trial balance is prepared to determine the adjusting entries required.
The general ledger account balances at the conclusion of a reporting period are listed in the unadjusted trial balance, which is done before any adjusting entries are made to the balances to produce financial statements.
Add the balances in the debit and credit columns individually to complete the unadjusted trial balance. On the last line of the table, in the relevant column, write each corresponding total.
The sum of the credit column and the total of the debit column in the unadjusted trial balance must match. If they don't agree, either the journal entries were not accurately transferred to the ledger accounts or the trial balance was not properly produced.
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how can sales tax alter the size of the tip you leave at a restaurant? a. a tip of a given percentage (such as a 20% tip) will be larger if calculated
A tip of a given percentage such as a 20% tip will be larger if calculated after tax than if calculated before tax. Option A.
Etiquette experts at the Emily Post Institute in Vermont suggest tipping at restaurants should be between 15% and 20% of the total before tax. According to the Etiquette Scholar website, "You must tip the amount before tax on the bill, not the total amount. All tips and non-cash tips received from employees are income and are subject to federal income tax.
All tips received by an employee in a calendar month are subject to Social Security and Medicare taxes and must be reported to the employer. Someone suggesting tip amount based on total bill Some, but most will suggest a tip based on pre-tax total. That's the correct answer. Taxes are not a restaurant service, so tipping is not required. It is good manners to distribute tax and tip evenly across the table. Some people don't mind splitting the entire bill but most people don't mind splitting the tip evenly.
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culture low-context cultures ____________. communicate in ambiguous ways employ spiral logic rely on context and feeling prefer direct verbal interaction
culture low-context cultures High-context . communicate in ambiguous ways employ spiral logic rely on context and feeling prefer direct verbal interaction
High-context cultures emphasize implicit communication and strongly rely on context. Low-context societies, on the other hand, rely on explicit verbal communication. High-context cultures encourage interpersonal interactions, are collectivist, and have people who create enduring, committed bonds with one another.
What is high and low culture context?
Low-context cultures (like those in North America, Scandinavia, and Germany) have communicators who rely less on the situation's context to convey their meaning. They make the erroneous assumption that listeners are naive and need to be told nearly everything. Low-context cultures are more likely to be logical, analytical, action-oriented, and person-centered.High-context cultures (such those in Japan, China, and Arab nations) do not require much background information because the listener is already "contextualized". Intuition, reflection, and care for the group are more prevalent in high-context societies. In high-context cultures, speakers pay attention to more than just the words they use; they also take into account nonverbal cues, the physical environment, and the social context.In high-context societies, posture, voice intonation, gestures, and facial expressions are used to convey messages. Building relationships is a crucial component of conversing and connecting. High-context communicators, in contrast to low-context communicators, may apply spiral logic, circumnavigating a topic indirectly and approaching it from numerous tangential or conflicting perspectives. A conclusion may be hinted at but not explicitly argued.To learn more about high and low culture context visit:https://brainly.com/question/6460491
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suppose that in year 1, real gdp was $60 billion and in year 2, real gdp rose to $69 billion. the growth rate of real gdp was %. (enter just the number; % sign has been provided for you.)
The growth rate of real GDP for the country is 15%.
What is the growth rate?GDP is an abbreviation for gross domestic product. The gross domestic product of a country is the sum of all the final goods and services that are produced in a country in a given period, usually a year.
Gross domestic product is usually an indicator of the standard of living of the population. The higher gross domestic product is, the higher the standard of living of the populace of the country.
Real GDP is the gross domestic product of a country that has been adjusted for inflation. It reflects the changes in the production of goods and services of the country only.
Growth rate of Real GDP = (real GDP in year 2 / real GDP in year 1) - 1
($69 billion / $60 billion) - 1 = 0.15 = 15%
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