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If competitive industry Z is making substantial economic profit output will?
if competative industry z is making substantial economic profit, output will:
What is non economic output of production?
The non-economic output of production is broken down into worthwhile traits. These traits include speed, choice, convenience, ease of use, personalization and quality.
The is measure of a country's total economic output?
gross domestic product
What has the author Paula C Young written?
Paula C. Young has written: 'Summary input-output tables of the U.S. economy' -- subject(s): Economic conditions, Input-output analysis, Input-output tables 'Summary input-output tables of the U.S. economy, 1976, 1978, and 1979' -- subject(s): Economic conditions, Input-output analysis, Mathematical models
What is the best measure of the value of output of an economy?
A country's gross domestic product (GDP) is a measure of a country's overall economic output.
Why output is so important in macroeconomics?
Output is crucial in macroeconomics as it represents the total production of goods and services in an economy, reflecting its overall economic health and performance. It influences employment levels, income distribution, and living standards, and serves as a key indicator for policymakers to assess economic growth and stability. Additionally, output data helps in formulating monetary and fiscal policies to address inflation, unemployment, and other economic challenges. Understanding output trends allows economists to make informed predictions about future economic conditions.
What is Kentucky's economic system?
In February 2014, the projected outlook for economy in Kentucky called for: gross domestic product growth of 2.5 percent an unemployment rate of 6.5 percent employment growth of 2 percent manufacturing employment growth of 0.5 percent. Kentucky operates along a moderated capitalist economic system.
With regards to economic growth what is the goal of an expansionary fiscal policy?
To increase output
What has the author Preston McGrain written?
Preston McGrain has written: 'High-silica sandstone and conglomerate on Pine Mountain near Elkhorn City, Kentucky' -- subject(s): Conglomerate, Silica, Sandstone 'Economic geology of Marshall County, Kentucky' -- subject(s): Economic Geology, Geology, Economic 'Geology of the Cumberland Falls State Park area' -- subject(s): Geology, Kentucky Cumberland Falls State Park 'Itinerary, selected features of Kentucky geology' -- subject(s): Geology
What are the Currently north America has about of the worlds population and accounts for of the worlds economic output?
North America currently has about 5% of the world's population and accounts for around 25% of the world's economic output.
How is economic stability measured?
Economic stability is measured by the stability of output growth (coefficient of variation) and average inflation 10-year average.
By the late 1940s the US produced of all the economic output in the world.?
one half
