geographic area with high population density that contains a set of closely related activities *   A. Rural B. City C. Central D. Local

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A: Resources are the factors of production of goods and services.

Q: Using real GDP to compare the level of economic well being in two countries may be misleading…

A: GDP only measures the final value of goods and services that are bought and sold in markets. Which…

Q: Sultanate of Oman is classified under which economic system? a. Mixed economy b. Communist economy…

A: Sultanate of Oman is a city located on the southeastern coast of the Arabian Peninsula that has…

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A: Economics is a subject which deals with the consumption, production and distribution of commodities.…

Q: How do the different sectors of the economy interact? Explain.

A: The circular model is the model that shows the flow of money in an open economy. There are four…

Q: Consider the following data for country A: Population (millions) Real GDP ($ billions) Country A 11…

A: Gross Domestic Product (GDP), the total market value of the products a nation's economy generated…

Q: Country Population GDP Paraguay 7.045 Million $38,150 Million

A: Gross Domestic Product: It refers o the value of all the final goods and services that are produced…

Q: Which of the following transactions should should not be counted in GDP? Answer Yes or No and…

A: Since you have posted a question with multiple sub-parts, we will solve the first three sub-parts…

Q: With the help of appropriate examples, explain the concept of value added.

A: Product or value added method is a method of calculating Gross Domestic Product.

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A: GDP per capita can be calculated as:

Q: Explain whether GDP per capita is the most appropriate measure of economic success

A: The GDP is the market value of all the goods and services that are produced in a country during a…

Q: How do agglomeration economies work? Relate it to the case of the Philippines to explain your answer

A: Economics as a subject deals with the allocation of scarce resources among humans with unlimited…

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A: The cost of living refers to the required amount of money to meet the basic expenses of a family…

Q: 9) In Norway, most citizens are able to afford basic necessities and some degree of comfort. 9) This…

A:

Q: 1. Give the term that best fits the following definitions: 1.1 People between 15 and 65 who are…

A: NOTE: We’ll answer the first question since the exact one wasn’t specified. Please submit a new…

Q: ffe

A: Since opening of coffee outlet will create more job opportunities and on the other hand as more than…

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A: When it comes to running a business, there are numerous variables to consider. Organizations do not…

Q: 28. Country A has a GDP-per-capita of $500, and Country B has a GDP-per-capita of $75,000. Which of…

A: Exception is “Country B has lower productivity” Higher GDP per capital denotes higher standards of…

Q: What are the main components of the quality of life in the economic

A: According to the given question The quality of the life in economy is considered as the high degree…

Q: In 1980, Denmark had a GDP of $90 billion (measured in US dollars) and a population of 6.1 million.…

A: Given: Denmark GDP in 1980 = $90 billion Denmark population in 1980 = 6.1 million Denmark GDP in…

Q: What is GDP per capita? What for do we use GDP per capita?

A: "GDP measures the market value of all the final goods and services produced in a nation at a…

Q: (A) Describe the direction and the form of the relationship aside from the outliers it is moderatley…

A: The scatter plot shows a positive non-linear relationship between life expectancy and GDP per person…

Q: Country Real GDP (millions of dollars) Population (millions of people) Country A $3,850 9.05…

A: The gross domestic product(GDP) of a country represents the total output produced by the country. It…

Q: Name 2 reasons why socio economic issue pase a challenge to the business

A: Socio Economic Issues are those problems which are resultant of some aspects in the society and…

Q: Suppose you are watching a news report with a friend. The news report points out that a certain…

A: The GDP per capita is measured by dividing the Real GDP of the country by the total population. The…

Q: , capital, natural resources, Look at the image below and give desrciption of your understanding of…

A: In the given diagram, there are two economic agents in the economy: Household: Owner of factors of…

Q: INSTRUCTION Given the following data for the year 2020, compute for the: Birth rate Death rate…

A: GIVEN: Live births = 300 infants Still births = 5 infants Deaths before 1 month old= 15 infants…

Q: (05.02 HC) Review the chart to answer the question that follows. Total Population GDP Country A…

A: When talking about living standards of an economy, it does not only include the quantitative…

Q: Propose one explanation for why the fastest-growing region will increase faster than other regions

A: In Democratic government of many countries, it has been seen that there is both public and private…

Q: Buggatti is a luxury automobile brand that sells extremely expensive vehicles. The base model of its…

A: The GINI coefficient value lies between zero and one. The value of zero indicates perfect equality…

Q: There are five economic sectors that house different types of work/economic activities. First, list…

A: There are five unique areas in an economy:  Primary activities  Primary activities are…

Q: What are the major government policies play in effective role in the growth and development of a…

A: Government is very much responsible for economic growth or development of a country. foreign…

Q: 1. Dynamic Needs and Wants. 2. Global Value Proposition 3. PESTEL Framework. 4. Global Best…

A: Ethics is defined as the set of rules or regulations followed by a business organization to achieve…

Q: While both India and China have grown tremendously over the last few decades, China appears to have…

A: To keep up with China's expansion, India will have to undertake numerous adjustments to its…

Q: Scenario: Country A has one of the highest real GDP while Country B has one of the highest real GDP…

A: The market value of all final goods and services produced in the economic territory of the country…

Q: Comment briefly on the advantages and disadvantages of a “ratio scale”.Your answer should focus…

A: The ratio scale possesses all the properties of the nominal, ordinal, and interval scales. It is…

Q: 5. In 2013, the average person’s income in Iceland was $41,000. This is an example of what type of…

A: Answer: Per capita income/GDP: It refers to the average GDP per person in an economy. Per capita GDP…

Q: ) Which of the diagrams above best explains improved technology in the production of cars? B) Which…

A: Production possibility frontiers are defined as the curves that show the combination of goods you…

Q: A higher GDP per capita may not mean that the quality of life has really improved because: Pollution…

A: GDP refers to the total value of finished goods and services that produced within the economic…

Q: Economics & Personal Finance Choose a country other than the United States. Research the real GDP…

A: Please be noted we are considering Canada for the rest our the dicussion.

Q: Consider the following information Country Anacreon Terminus Population 4,654 4,629 3,142 1,886 GDP…

A: Country Population GDP Living Standard (GDP/Population) Anacreon 4654 4,330,416 930.47…

Q: Which are the three means of factors of production? (

A: There are three main factor of production Land  Labour Capital    The first basic factor of…

Q: Why socio-economic factors have a high impact on businesses, whether big or small

A: A business organization is affected by a number of factors in its internal and external environment.