0
Want this question answered?
Be notified when an answer is posted
Add your answer:
Earn +20 pts
The is measure of a country's total economic output?
gross domestic product
What is the best measure of Ghana's economic activities on Gross domestic product or Gross national product Explain?
Gross domestic product measure the total output produced from within the countries boarders. Gross national product measures the output generated by a countries enterprises. The best way to measure Ghana's economic activities would be to use gross domestic product.
What are the 3 economic goals of any country?
1. To create stable, economic growth. 2. To have full employment and low unemployment. 3. To have stable stable prices.
How do economics measure the impact of technological progress on economic growth?
Economic growth is the increase of per capital GDP or other measures of aggregate income, typically reported as annual rate of change in real GDP. A variety of measures of national income/output are used in economics to estimate total economic activity in a country or region, including gross domestic product (GDP), gross national product (GNP), & net national income (NNI).
Economic growth occurs when a nation's total output of goods and services increases over time. True or False?
true
How do you measure productivity?
Partial measures output/(single input)Multi-factor measures output/(multiple inputs)Total measure output/ (total inputs)Productivity =(Outputs/inputs)
The is measure of a country's total economic output?
gross domestic product
What instrument measures alternator output?
An ammeter. It measures the electrical current output.
What is the best measure of Ghana's economic activities on Gross domestic product or Gross national product Explain?
Gross domestic product measure the total output produced from within the countries boarders. Gross national product measures the output generated by a countries enterprises. The best way to measure Ghana's economic activities would be to use gross domestic product.
What are the 3 economic goals of any country?
1. To create stable, economic growth. 2. To have full employment and low unemployment. 3. To have stable stable prices.
How do economics measure the impact of technological progress on economic growth?
Economic growth is the increase of per capital GDP or other measures of aggregate income, typically reported as annual rate of change in real GDP. A variety of measures of national income/output are used in economics to estimate total economic activity in a country or region, including gross domestic product (GDP), gross national product (GNP), & net national income (NNI).
Definition of total product?
Total product refers to the overall quantity of output produced by all units of a factor of production (such as labor or capital) over a specific period of time. It measures the total output generated by a given level of input.
What does an automatic output transmission speed sensor do?
It measures the speed of the output shaft.
What measures speed of a car?
A sensor in the transmission, measures the output shaft speed.
Economic growth occurs when a nation's total output of goods and services increases over time. True or False?
true
If competitive industry Z is making substantial economic profit output will?
if competative industry z is making substantial economic profit, output will:
What is Harrad domar model in economic development?
It is the idea that the economic growth is dependent on capital-output ratio (k, calculated as: Total output produced/total capital invested i.e. efficiency) and the saving ratio of the population. The assumptions it makes are: - Output is a function of capital stock - The marginal product of capital is constant. - Capital is necessary for output - The product of the savings rate and output equals saving which equals investment - The change in the capital stock equals investment minus the depreciation of the capital stock It states that Rate of growth of GDP = Savings ratio/ Capital output ratio.
