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Does A chain-weighted index recognizes the fact that the composition of output changes over time?
Wiki User
∙ 10y ago
Yes it does.
Wiki User
∙ 10y ago
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What is the best measure of an increase in actual output?
Real Gross Domestic Product (Real GDP) measures the changes in output within a country compared to the output of a selected year. It adjusts Nominal Gross Domestic Product (GDP) to include changes in inflation during the fiscal year. By including changes in inflation, we can observe over time how much actual output a country produces.
Relates output changes to differences in a single input?
production function
What is the incremental concept of managerial economics?
Incremental analysis includes two concepts Incremental cost Incremental revenue IC is the additional cost incurred for additional output. In other words changes in cost due to changes in level of output. Whereas IR is the additional revenue from additional output or the changes in revenue due to changes in output. For every business decisions there is IR and IC. In order to determine whether the decision is sound or not we should compare the IC and IR of every decision. If the IR exceeds the IC, or IR is equal to IC the decision can be assumed as a sound decision.
The primary value of real GDP is its ability to measure year to year changes in?
real output
What index measures price changes received by domestic producers for their output?
producer price index
What type of cost is fixed per unit of output and changes with volume of output?
varible?
Why does earth experience ice ages and other climate changes?
Changes in solar output, changes in Earth's orbit, and changes in Earth's atmosphere.
What is the best measure of an increase in actual output?
Real Gross Domestic Product (Real GDP) measures the changes in output within a country compared to the output of a selected year. It adjusts Nominal Gross Domestic Product (GDP) to include changes in inflation during the fiscal year. By including changes in inflation, we can observe over time how much actual output a country produces.
What best describes the composition of two functions?
Using the output of first function as the input of the second function.
Cost change when rate of operation or output changes?
variable cost
Relates output changes to differences in a single input?
production function
Why must a 24 hour period sample of urine for examination if a detailed composition is to be determined?
It measures your kidney function output.
How do rectifier circuits stabilize the output voltage when the input voltage is subject to fluctuations?
Rectifiers don't "stabilize the output voltage" of rectifier circuits when input voltage fluctuates. The rectifiers just rectify the input, and the output will fluctuate as the input does. Another form of "conditioning" of the rectified output is needed to address the issue of fluctuations. And we use the term regulation to talk about the effect of "stabilizing" an output voltage. Through regulation, the output will be resistant to changes in voltage when changes in the input voltage occur.
What are three scientific possible ways climate changes?
Greenhouse gasses, Solar output changes, Orbital change, Volcanic activity, Plate tectonics.
What term is used to describe when two functions are linked together by using output of the first function as input of second function?
function composition
What changes can a machine make a force?
It can either increase or decrease the output force, as compared to the input force. The output force may also be equal to the input force.
What is the incremental concept of managerial economics?
Incremental analysis includes two concepts Incremental cost Incremental revenue IC is the additional cost incurred for additional output. In other words changes in cost due to changes in level of output. Whereas IR is the additional revenue from additional output or the changes in revenue due to changes in output. For every business decisions there is IR and IC. In order to determine whether the decision is sound or not we should compare the IC and IR of every decision. If the IR exceeds the IC, or IR is equal to IC the decision can be assumed as a sound decision.
