Ppi produced price index Study guides, Class notes & Summaries

ECS2603 Assignment 4 Semester 2 2023 (Solutions/answers) questions: Question 1 Answer saved Marked out of 3.00 Flag question Question text Which of the following statements with regards to inflation are correct? Inflation is defined as a sustained increase in the general price level. This implies that for inflation to occur, it is sufficient for only the price of oil to increase. Inflation is a sustained increase in the general price level. This means that there is an overall increa...

Econ 104, Goffe, PSU 2024 Exam Graded A+ | Verified & Updated GDP -Answer-the market value of all FINAL goods and services produced in a country during a period of time. GDP equation -Answer-GDP(Y)=C (consumption) + I (investments) +G (gov purchases) +NX (net exports) Consumption -Answer-expenditures made by households (excluding the purchase of a new house) Investment -Answer-Final goods and services purchased by business firms (equipment for production and new buildings), changes in i...

Which of the following creates competition for finite resources, thereby forcing trade-offs by participants in the economy? A) Redundancy B) Scarcity C) Opportunity costs D) Free market systems E) Planned systems - Answer- Scarcity The value given up when a different opportunity was pursued is referred to as ________. A) opportunity cost B) factors of production C) scarcity value D) finite supply E) affordability - Answer- Opportunity Cost What is gross domestic product? A) Prod...

SEVI 2053 EXAM 1 QUESTIONS AND ANSWERS 100% SOLVED 1.1 What must a business do to be successful in todays world HR, Informational, material financial 1. 2 Business definition the organized effort of individuals to produce and sell, for a profit, the goods and services that satisfy society's needs 1.3 economics definition study of how wealth is created and distributed 1.2 Business risks and rewards Profit! Different customers, different needs 1. 3 Capitalism economy Economic system where ind...

top-down approach - Answer-A method of analyzing securities that starts with the overall market and narrows down to the specific company Treynor measure - Answer-A measure of reward to nondiversifiable volatility (systematic rISK) Unemployment Rate - Answer-A measurement of the percentage of the U.S. labor force that currently is not working but is willing and able to work and is actively seeking employment Value Investing - Answer-Investing in stocks that are considered underpriced given t...

BUSINESS MANAGEMENT SUMMARY 113 NOTES COMPLETE 2023 Chapter 1 – ENVIRONMENT For a business to be organised it must combine four kinds of resources: Resources need to be combined to find an optimum 1. Manufacturing businesses – process various materials 2. Service businesses – render services (eg. FedEx, Outsurance, ABSA) 3. Marketing intermediaries – buy products and resell them (eg. Makro, Game) STAKEHOLDERS: All the different people or groups of people who are affected by the ...

ECS2603 Assignment 4 Semester 2 2023.100% CORRECT questions, answers, workings and explanations. Question 1 Answer saved Marked out of 3.00 Flag question Question text Which of the following statements with regards to inflation are correct? Inflation is defined as a sustained increase in the general price level. This implies that for inflation to occur, it is sufficient for only the price of oil to increase. Inflation is a sustained increase in the general price level. This means that there is a...

Which of the following is the correct definition of GDP? a. the market value of all final goods and services produced within a country in a given period of time. b. the market value of all final goods and - Answer a. The market value of all final goods and services produced within a country in a given period of time. To judge whether or not an economy is doing well, it is useful to look at. - Answer GDP The US Gross domestic product (GDP) is the market value of all final goods and serv...

1.1 What must a business do to be successful in todays world correct answers HR, Informational, material financial 1. 2 Business definition correct answers the organized effort of individuals to produce and sell, for a profit, the goods and services that satisfy society's needs 1.3 economics definition correct answers study of how wealth is created and distributed 1.2 Business risks and rewards correct answers Profit! Different customers, different needs 1. 3 Capitalism economy cor...

Econ 104, Goffe. PSU Exam Questions and answers Updated 2024 GDP the market value of all FINAL goods and services produced in a country during a period of time. GDP equation GDP(Y)=C (consumption) + I (investments) +G (gov purchases) +NX (net exports) Consumption expenditures made by households (excluding the purchase of a new house) Investment Final goods and services purchased by business firms (equipment for production and new buildings), changes in inventories (which is thee differen...