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What two categories do geographers use to refer to a country's level of economic development?
There are many different measurements to look at the status, the GDP (Gross Domestic Product), GDP/Person, Infant mortality, Life Expectancy, and the Literacy rate.
Economists refer to the process of making something as production?
NOVANET: true
What GDP mean?
GDPThis is an abbreviation for Gross Domestic Product, which is the total value of all goods, services, agricultural produce and minerals extracted in a country or area, usually in one year. The concept applies to countries, for example Canada, and also to 'trading blocs' like the EU and NAFTA. Often the GDP divided by the population is used as a measure of relative prosperity. GDP=C + I + G + ( X-Im )C=Consumption ExpenditureI=InvestmentG=Government ExpenditureX=ExportIm=Import
Why do Economist use the term demand to refer to what?
Economists use the term demand to refer to a schedule of various combinations of market prices and amounts demanded.
What do free entry and exit refer to?
Free entry and exit are terms which are used by economists and refer to the marketplace, or economy. These terms relate to how companies conduct business, by increasing or decreasing production as the market demands.
What two categories do geographers use to refer to a country's level of economic development?
There are many different measurements to look at the status, the GDP (Gross Domestic Product), GDP/Person, Infant mortality, Life Expectancy, and the Literacy rate.
Economists refer to the process of making something as production?
NOVANET: true
What does domestic mean?
Domestic means of or pertaining to the house, or an inhabited place. From the Latin word domus, a house. By extension, it can mean: 1. Tame as opposed to wild (more often domesticated) 2. Pertaining to one's own country (Gross Domestic Product) 3. As a noun, a house servant
What is GD PI?
If the question refers to GDP(I), it is a measure of national output (Gross Domestic Product). There are basically three ways of measuring it - Output, Expenditure and Income - the last of which gives GDP(I). In theory, all three measures should agree but in practise they don't. If the question did not refer to GDP(I), then apologies.
When economists refer to investment they are describing a situation where?
resources are devoted to increasing future output.
What GDP mean?
GDPThis is an abbreviation for Gross Domestic Product, which is the total value of all goods, services, agricultural produce and minerals extracted in a country or area, usually in one year. The concept applies to countries, for example Canada, and also to 'trading blocs' like the EU and NAFTA. Often the GDP divided by the population is used as a measure of relative prosperity. GDP=C + I + G + ( X-Im )C=Consumption ExpenditureI=InvestmentG=Government ExpenditureX=ExportIm=Import
Why do Economist use the term demand to refer to what?
Economists use the term demand to refer to a schedule of various combinations of market prices and amounts demanded.
How many yards 1 gross yard?
Gross can refer to quantity of itmes, long measure of weight= One gross = 112 pounds, and A gross unit of measure describes volume only when determining how to set a price for a unit of the product. Types of gross units of measure include liters and gallons. Source: Ehow money. There does not seem to be a gross measurment related to yards The link below has more information on this subject.
Who is the cartoonist 'gross'?
The cartoonist named "Gross" might refer to Milt Gross. He wrote several comic strips that were published in newspapers and worked with Screen Gems and Disney Studios.
What free entry and exit refer do?
Free entry and exit are terms which are used by economists and refer to the marketplace, or economy. These terms relate to how companies conduct business, by increasing or decreasing production as the market demands.
What do free entry and exit refer to?
Free entry and exit are terms which are used by economists and refer to the marketplace, or economy. These terms relate to how companies conduct business, by increasing or decreasing production as the market demands.
What does the term domestic goods refer?
goods manufactured outside of the home nation
