Answer: c. small changes in economic growth rate lead to large GDP changes over time.
Explanation:
If there is even a small change in the rate at which the economy is growing, this increase will increase by even more the year afterward and then even more as time goes on. This is because the interest is being compounded overtime.
Look at the future value formula that shows compounding for instance:
Future value = Amount * (1 + rate) ^ number of periods
Assume even a change of 2% in the growth rate. In 30 years, this rate would have increased the economy by:
= 1 * ( 1 + 2%)³⁰
= 1.81
Which is a rate of:
= 1.81 - 1
= 81%
What started off as only 2% became 81% in 30 years. This is what compounding does.
Answer:
3.45%
Explanation:
the real wage at the beginning of the recession (12/07) = nominal wage / price index Dec. 2007 = $17.70 / 2.1141 = $8.3721
the real wage at the end of the recession (6/09) = nominal wage / price index June 2009 = $18.53 / 2.14527= $8.6609
% change in real wage = [($8.6609 - $8.3721) / $8.3721] x 100 = 3.44955% = 3.45%
Due to the recession, the price index changed less than the nominal wages since the inflation rate was very low. It is normal that during recessions, specially severe ones, the inflation rate decreases or even turns negative (what happened in Europe in those years).
Answer:
The correct answer is B. benchmarking.
Explanation:
Benchmarking is a continuous process by which the products, services or work processes of leading companies are taken as a reference, to compare them with those of your own company and then make improvements and implement them.
It is not about copying what your competition is doing, but learning what leaders are doing to implement it in your company by adding improvements. If we take as a reference those who stand out in the area we want to improve and study their strategies, methods and techniques for post
Explanation:
The 2 of the market trend which I am going to discuss is that.
1. Customer experience: Nowadays you need not go to customer, convince and make them to buy the product. Nowadays, people get huge information online and then they shop. So given customer experience is vital to be on road
2. Live platform: People's interest has been changed from time to time. Now its all the live platform where the people spend lot of time over the recorded video.
Answers for the questions asked:
1. The thing which people likes the most at present and it keeps changing.
2. A product will be sold, only if the people mass likes it.
3. Trend cannot be eliminated. It keeps changing.
4. Do things which are trendy.
The deductible is the maximum amount of money you will have to pay out of your pocket for a car accident, therefore the correct answer is $700. <u>This also implies the correct answer is C.</u>
If you take an insurance policy, the amount you pay each month to keep your insurance is called premium. In the case presented, the $200 monthly premium enables you to file a claim in case of any unforeseen circumstance occurs.
<h2>Further Explanation</h2>
Premium is the amount of money you must pay monthly to keep your insurance. If you register for any insurance policy, your insurer will charge a premium, which is the amount you have to pay for the full cost of your insurance.
Listed below is some of the insurance policy that premiums are paid for.
Also, the cost of premium depends on several factors and these include
- Type of coverage
- Your location
- Past insurance claim
- Your age
A deductible is to the amount of money a policyholder must pay in an insurance claim before insurance coverage comes into effect and the insurer starts payment.
Simply put, it is the amount a policyholder must pay out of their pocket before the insurance company will make any payment.
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KEYWORDS:
- out-of-pocket
- $700 deductible
- monthly premium
- car
- insurance
- accident
