A decline in the real GDP that occurs for at least two or more quarters is called a _______.

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Answer 1

Answer: when a decline in the real GDP occurs for at least two or more quarters it is usually known as a recession

Related Questions

Shawn went to a restaurant where the beer was mediocre and the place was run-down. The restaurant was out of many of its more popular menu items. Yet Shawn remembered the restaurant fondly because he had dinner with the girl he would end up dating steadily. They really hit it off that night. A few months later he decides to return to the restaurant, only to find that he was disappointed in the food and service. He thinks it's strange because he had such a good experience last time. What situational factor likely influenced Shawn's first experience?a. reason for purchaseb. buyer mood or conditionc. social surroundingsd. time considerationse. physical surroundings
A monthly fixed rate mortgage paymentcould change. never changes. increases annually. decreases annually.
Amount financed is equal to: Cash price times down payment Cash price plus down payment Cash price minus down payment Cash price divided by down payment None of these
The value of the bond that is paid back at maturity is known as _____.A. face valueB. a couponC. interestD. maturity value
If Sam invested $3,000, earning $300 over six months, his principal is _____. six months $300 $3,000 $3,300

In a certain economy, people save some part of their income in the financial sector and use the remaining part for consumption. The government decides to increase the tax rates for everyone in that economy. What effect will the tax increase have on savings and investment in the economy?

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Answer:

Savings decrease, and investment decreases.

Explanation:

A government normally increases taxes to boost it's tax revenue but this also results in the decrease of savings and investments. Higher taxes leaves consumers with less disposable income which then discourages them from saving and investing.

To answer the question above as to what effect will the tax increase have on savings and investment in the economy when the government decides to increase the tax rate for everyone in that sector is that people will be hesitant to save and invest, they'll be sure to weigh in as to which would be the proper move if the tax increase will cripple their investments or savings. Tax increase harms economic growth in a sense that it will affect peoples savings and investment which plays a key role in the economy.

Over 75% of the revenue received by the federal government is from ____ and ____ taxes

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Social security and individual income taxes

Strengths and weaknesses are _____ to the organization; they include factors that either build up or drag down the firm’s performance. Answer environmental contingent external internal

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heirThe correct answer would be : Internal

Which mean that strength and weakness of an organization come from within the organization itself , like their time efficiency, their customer service, their product quality, their management style, etc

Joan grows pumpkins. If Joan plants no seeds on her farm, she gets no harvest. If she plants 1 bag of seeds, she gets 500 pumpkins. If she plants 2 bags, she gets 800 pumpkins. If she plants 3 bags, she gets 900 pumpkins. A bag of seeds costs $100, and seeds are her only cost. Joan's production function exhibitsA. Increasing marginal product. B. Decreasing marginal product. C. Constant marginal product. D. Any of the above could be correct.

Answers

Answer: Option (B) is correct.

Explanation:

Correct option: Decreasing marginal product.

Marginal product is the change in the level of output, when there will be an extra input employed in the production of a certain commodity.

So, Marginal Product = $(change\ in\ Q)/(Change\ in\ I)$

Where,

Q = Output

I = Input

Marginal product of 1st bag = 500

Marginal product of 2nd bag = $(800-500)/(2-1)$ = 300

Marginal product of 3rd bag = $(900-800)/(3-2)$ = 100

∴ From the above calculations, we can seen that as we employed one more bag of seeds as a result marginal product goes on diminishing.

Hence, Joan's production function exhibits decreasing marginal product.

Though it can provide people with information, help them solve problems, and teach them how to do their work, ______ communication can be destructive when misinformation proliferates and harms people and operations.

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Answer:

grapevine

Explanation:

Grapevine is an informal way of communication, it is more friendly manner, there is no organized manner or format in this case.

Many times this form of communication is more easy to make and access, but that the communication is not feasible for serious discussions.

Every aspect has its pros and cons, this type of communication is not preferable for serious discussions, and where the information is not complete, it turns it into rumors, and non trust able information.

This further leads to the harm to people for whom the information is vital.

Suppose a monopoly concrete contractor builds 20 driveways per month for $10,000 each. In order to increase sales to 21 driveways, the contractor must lower the price of driveways to $9,500. The marginal revenue of the 21st driveway is

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Answer: Marginal revenue is -$500.

Explanation: The marginal revenue is calculated as the change in total revenue subtracted by the change in quantity.

Total revenue is calculated by multiplying the price by the quantity:

At a quantity of 20 driveways, the total revenue is = 20 × $10,000 = $200,000

At a quantity of 21 driveways, the total revenue is = 21 × $9,500 = $199,500

Marginal revenue = $199,500 - $200,000

= -$500

Other Questions

Why does minimum wage exist?

Which of the following types of conflict is most strongly associated with improvements in team performance?a. cognitive conflictb. horizontal conflictc. behavioral conflictd. vertical conflict e. affective conflict

A current trend in management is to include ______ in the strategic planning process. Group of answer choices customers and suppliers competitors and customers shareholders and suppliers government and competitors

With respect to the roles in the family decision-making process, the individual who performs the physical act of buying the product is called the a) decision maker. b) influencer. c) purchasing agent. d) gatekeeper. e) consumer.