What are the characteristics of an effective group work participant?
The characteristics of an effective group work participant include: 1. Open-mindedness: Being open-minded in a group setting allows for more creative problem-solving and positive collaboration. It also allows for constructive criticism and meaningful dialogue.
2. Respectful: Respectful group members are able to listen to the opinions of others, provide meaningful feedback and constructive criticism, and work together to achieve their common goal.
3. Organized: Effective group work participants are organized and prepared. They bring the necessary materials to the group meeting and stay on task.
4. Good Communicator: Good group work requires effective communication. Group members should be able to articulate their ideas and opinions clearly and respectfully.
5. Flexible: Being flexible in a group setting is essential. Group members should be willing to compromise and adjust their goals and plans when needed.
6. Self-Motivated: Effective group work participants are self-motivated. They stay focused and committed to their tasks, even when it gets difficult.
To know more about group work here
https://brainly.com/question/29998621
#SPJ4
John, the vice president of product development, not only stays with a chosen course of action on a product but continues to make increasing levels of investment even though the decision appears to be flawed. This course of action is known as ________
Escalation of commitment is the name given to this line of action.
What is Escalation of commitment?Escalation of commitment is a pattern of human behavior in which a person or group continues to behave in the face of more unfavorable results from a choice, action, or investment rather than changing their behavior.
The term "commitment bias" refers to our propensity to stick with our prior activities, especially those that were displayed in public, even though they did not provide the desired results. When a decision-maker invests resources in a course of action in the hopes of reaching a favorable conclusion and receives unfavorable outcomes, there is a danger that their commitment may escalate.
To know more about Escalation of commitment, visit:
https://brainly.com/question/28902904
#SPJ4
Topic 5 Lesson 1 The factory system Group of answer choices developed mainly in rural areas. brought workers and machinery together. faded after widespread industrialization. increased the cost of goods.
The five ways the factory system changed life for industrial workers, women, and children are:-
1). Family members who used to work together at home were split during the day as members went to factories to work
2) Manufacturing moved from the countryside into towns causing crowding and poor living conditions.
3). A new lower class of people -- the working class-- was created.
4) There was no singing at work as there might be at home
5) Factory owners and workers no longer had a personal relationships (like family members did with the people who bought their goods)
The manufacturing facility gadget is a way of manufacturing the use of machinery and division of exertions. because of the excessive capital cost of equipment and manufacturing facility buildings, factories are usually privately owned by rich people or organizations who hired the operative exertions. The use of equipment with the department of exertions decreased the desired skill degree of employees and additionally increased the output according to workers.
The manufacturing unit system was first followed in Britain at the beginning of the commercial Revolution in the past due eighteenth century and later spread around the world. It changed the setting-out device (home system). the primary feature of the manufacturing unit device is using machinery, at the beginning powered via water or steam and later via power. other characteristics of the device often derive from using machinery or economies of scale, the centralization of factories, and the standardization of interchangeable parts.
To learn more about The factory system visit here:
brainly.com/question/14259185
#SPJ4
How are individuals and economy similar?
The individuals and the economy are similar as they both must take a clear decision that on how to allocate the resources.
The individuals and economies are seen to be interrelated, as the economic activities of the individuals tend to impact the economy as a whole. Thus, the individuals and economies tend to refer to the collective economic activities which is of people in a certain region or area.
However, with the aspect of the allocation of the resources, both the individuals and the economy must take a clear decision. So, it is important for both the individuals and the economies to manage their resources and make decisions about how to allocate them.
Hence, both the individuals and economies should also manage risk and uncertainty.
To learn more about the resources here:
https://brainly.com/question/15129284
#SPJ4
Sasha makes pies and sells them from her food truck to local businesses. The business gives them to their employees to celebrate milestones. This is an example of a(n)
The business gives them to their employees to celebrate milestones. This is an example of Catering service.
What is business?Business is an economic activity involving the exchange of goods and services between buyers and sellers. It is a commercial activity conducted between two or more parties to generate profit and increase wealth. Businesses involve activities such as production and distribution of goods and services, marketing, finance, accounting, and human resource management. Businesses can be small, medium, or large and can be either privately or publicly owned. They can be operated locally, regionally, or globally. Businesses have a major impact on the economy, with some businesses having a larger economic impact than others.
To learn more about business
https://brainly.com/question/27968241
#SPJ4
Claims for which formal instruments of credit are issued as proof of the debt are _____.
(a) accounts receivable
(b) interest receivable
(c) notes receivable
(d) other receivables.
The correct response is (c), since notes receivable are bills of exchange, official forms of credit, and they can also be endorsed.
What are Receivable Notes?Asset accounts are linked to an underlying promissory note, which specifies in writing the payment terms for a purchase between the "payee" (typically a company, sometimes referred to as a creditor) and the "maker" of the note (typically a customer or employee, sometimes referred to as a debtor). Notes receivable are also known as "notes payable." A company can have notes receivable with any other party, including another company, a financial institution, or an individual. They typically arise when a customer requires longer payment terms than the standard billing terms for a sale. Payees charge interest and require a signed promissory note for legal purposes in exchange for agreeing to a slower payment. Another way that notes receivable are created is through employee cash advances in which the employer requires the employee to sign a promissory note.
To learn more about Notes receivable visit :
https://brainly.com/question/13064555
#SPJ4
Assume prices increase by 11 percent from a base year in 2010 to 2011. The price index moves from 100 to 111 and therefore 1/111 x 100= _________ for the value (purchasing power) of a dollar.
The purchasing power of currency is the quantity of goods and services that can be bought with a monetary unit.
What does the purchasing power of a dollar mean?The purchasing power of a currency is the amount of goods and services that can be bought with one unit of the currency.Purchasing power (or buying power) is the amount of goods and services that a single unit of currency can buy. For example, if you purchase a can of soda for one US dollar, but the following year a can of soda costs two US dollars, the purchasing power of a single US dollar changed.Inflation is a general, sustained upward movement of prices for goods and services in an economy. It affects purchasing power or the amount of goods and services that a unit of currency can buy; more specifically, inflation reduces purchasing power. Data show the changing value of the dollar and its purchasing power.It can weaken over time due to inflation. That's because rising prices effectively decrease the number of goods or services you can buy.The purchasing power is the measurement of what a value of money can buy.The purchasing power of a currency in a particular year is calculated by dividing the consumer price index (CPI) of a base year by the CPI of the target rear and multiplying the result by 100.Therefore, the purchasing power for 2011 using 2010 as a base year, when the CPI moved from 100 to 111 from 2010 to 2011 is given by:Purchasing power = 100 / 111 x 100 = 90.09 x 100 = 90.09%Therefore, the purchasing power of 2011 relative to 2010 is 90.09%.To learn more about the purchasing power refer to:
https://brainly.com/question/30134708
#SPJ4
Enterprise Rent-A-Car closely ties customer service to employee success. With a tracking system called the Enterprise Service Quality Index (ESQi), the company routinely follows up with customers by phone to determine their level of satisfaction with the company. Only completely satisfied customers count toward an employee ESQi score, which is used to measure employee's potential for promotion. Enterprise closes provider _____ by using marketing research.
Enterprise closes provider soft by using marketing research.
A unit of economic system or activity: a project or operation that is particularly challenging, complex, or dangerous. Particularly: a business organization.: a planned, organized action. The primary economic activity among these people is agriculture.
The Enterprise Service Quality Index (ESQI) is a technique that measures results by using a questionnaire that makes it simple to gather data rapidly. The survey emphasizes responses from the top box. Customers who choose to remain close to the business will typically provide free, beneficial marketing for Enterprise.
A legal entity that has the authority to conduct commerce on its own, such as the ability to sign contracts, own property, amass debts, and open bank accounts, is said to have an enterprise. A business can be incorporated, quasi-incorporated, a non-profit organization, or unincorporated.
Learn more about the Enterprise Service Quality Index (ESQI) here:
https://brainly.com/question/15522142
#SPJ4
Trainers should aim the level of the training at ____ of the group of trainees.
a. the top level
b. somewhat above the average level
c. the bottom level
d. somewhat below the average level
Trainers should aim the level of the training at somewhat below the average level of the group of trainees.
What does the word "training" mean?Training is the process of enhancing a worker's knowledge and abilities to do a specific profession. It aims to enhance trainees' work behavior and performance on the job. Training is the process of imparting knowledge and abilities that pertain to certain practical capabilities, either to oneself or to others. The purpose of training is to increase one's ability, capacity, productivity, and performance. Enhancing an employee's knowledge, talents, and skills to perform a certain task is done through training. Employees' mindset is changed during the training process, which results in high-caliber performance. Its nature is constant and unending.
To know more about training visit:
https://brainly.com/question/28146862
#SPJ4
Say you take out a loan with a principal of $44,500. the interest rate is 13.11%, compounded monthly. if you make consistent monthly payments and pay off the loan over the course of six and a half years, how much interest will you have paid in total? round dollar amounts to the nearest cent.
a. $21,849.92
b. $3,018.03
c. $20,003.60
d. $24,321.18
please select the best answer from the choices provided a b c d
According to the question, $21849.92 interest you have to paid in total.
What is the interest?
Interest is the cost incurred by a borrower as a result of using borrowed funds. It is calculated as a percentage of the principal amount that is borrowed. Interest can be charged for different types of loans such as mortgages, auto loans, credit cards, and personal loans. The interest rate on a loan is typically determined by the lender and is based on the borrower's credit score, income, and other factors. When a borrower pays interest, it allows the lender to make a profit and also helps to cover the lender's costs.
To learn more about interest
https://brainly.com/question/24553900
#SPJ4
Answer: A
$21,849.92
Explanation:
MR BEAAAAAST
the fourth industrial revolution is where advances in _______ are radically shifting the way we work, live, learn, and interact with each other.
Advances in Industry 4.0 are radically changing how we operate, live, study, and interact with others throughout the fourth industrial revolution.
What exactly is meant by "radically"?totally or incredibly: Heavily altering the trajectory of his life was the accident. Compared to our rivals, our strategy is vastly different.
What does shifting entail in the corporate world?A focus shifted in business refers to a significant change or advancement in the manner in which a firm or business generates its products or services. They frequently improve the effectiveness and caliber of a business's output while fundamentally altering the way in which it functions.
To know more about radically visit:
https://brainly.com/question/14531187
#SPJ4
Agency theory examines the relationship between the Multiple Choice shareholders of the firm and the firm's investment banker. owners of the firm and the managers of the firm. board of directors and large institutional investors. shareholders and the firm's transfer agent.
The correct answer is option B i.e. owners of the firm and the managers of the firm. If a department is operating efficiently, a Manager or Supervisor supervises the team members inside that division.
What do managers mean?A manager is a qualified someone who leads an organization and oversees a group of personnel. Managers frequently oversee a certain department within their organization. There are many different kinds of managers, but they typically have responsibilities including making decisions and conducting performance reviews.
Why are managers crucial?Simply said, firms wouldn't succeed without managers. By creating growth with high-performing teams, managers play a significant role in the sector. Overall, managers will always be a key component of every organization because of their involvement in activities like hiring and training new personnel as well as decision-making.
To know more about Manager visit-
https://brainly.com/question/17312484
#SPJ4
For Amy, the day began like any other at the Sequential Label and Supply Company (SLS) help desk. Taking calls and helping office workers with computer problems was not glamorous, but she enjoyed the work; it was challenging and paid well enough. Some of her friends in the industry worked at bigger companies, some at cutting-edge tech companies, but they all agreed that jobs in information technology were a good way to pay the bills. What happened
All of her industry acquaintances felt that working in information technology was a good way to make ends meet. The phone rang, as it did about four times an hour and 28 times a day.
This excerpt is from Book of Five Rings. Amy was unaware that a specially programmed computer at the edge of the SLS network had already made a predetermined choice around four minutes before to Bob's phone call.
The networking, messaging, and information security teams at SLS referred to this computer as the "e-mail gate- way" even though it was more commonly known as postoffice.seqlbl.com.
It decided to prohibit the transmission of a file that was attached to an email addressed to Bob.Hulme,seqlbl.c-om, just like the many thousands of other judgments it made every day. Bob didn't require the executable application that was attached to the email message, according to the gateway.
To know more about SLS:
https://brainly.com/question/28464823
#SPJ4
The primary objective of a particular mutual fund is the payment of dividends, regardless of the market's current state. Capital growth is a secondary objective. Which of the following industry groups would be appropriate for the fund's portfolio? A) Aerospace. B) Computer technology. C) Consumer appliances. D) Public utilities.
Option d is Correct. Groups from the public utilities sector would be appropriate for the portfolio of the fund.
Regardless of the situation of the market at the time, a specific mutual fund's main goal is to provide dividends. Growth in the capital is a secondary goal. They are financial tools that amass funds from many people who have similar financial objectives.
The combined funds are then invested in a variety of financial products, including corporate and government bonds, listed company stocks, shares, and other money market instruments. Hybrid funds invest a significant amount of their capital in equity over the long run. The goal of the retirement fund is to provide long-term income and capital appreciation in order to help retirees accumulate wealth.
To know more about mutual funds click here: brainly.com/question/4521829
#SPJ4
In the United States during the late 1800s, the corporate form of business organization became increasingly important mainly because
The late 1800s saw the emergence of big business, which altered American society. The growth of corporate empires made the United States a strong economic force.
What exactly did industrialisation entail?The process of industrialization is when a country or region switches its economic emphasis from industry to agriculture. A crucial element of this change is the use of automated mass production techniques.
Which industries have undergone industrialization?Manufacturing (in the 1900s), mining (in the 1930s), transportation (in the 1950s), and retailing are examples of industrialisation (1970s). A good example is the industrialization of a vehicle.
To know more about industrialisation visit :
https://brainly.com/question/15869811
#SPJ4
The idea that a firm borrows to the point that the tax benefit of debt is exactly equal to the increased probability of financial distress is called the
The idea that a firm borrows to the point that the tax benefit of debt is exactly equal to the increased probability of financial distress is called the static.
All tax laws that assist you in lowering your tax burden are referred to as tax benefits. Deductions, tax credits, exclusions, and exemptions are all types of benefits. They address a wide range of topics, such as family programmes, educational initiatives, worker rights, and natural calamities. The capacity to pay taxes is a factor in several tax benefit. The child tax credit and the earned income tax credit, for instance, take into account the expense of raising a family. Deductions for charitable contributions and mortgage interest are two additional tax advantages that are incentives for social policy objectives. The amount of tax you owe is decreased by both tax credits and tax deductions, although they operate in different ways. In contrast to tax deductions, which reduce your taxable income, tax credits directly reduce the amount of tax you owe.
learn more about tax benefit here
https://brainly.com/question/30160255
#SPJ4
The value principle of ______ is the basis of the income approach to appraisal. Anticipation Capitalization Competition Substitutio
The assumption of future benefits is a fundamental tenet in income property valuation. also known as income capitalization, translates potential property ownership benefits into current revenue
What does an appraisal's income strategy entail?Level II Tutorials for 2022, Page 2 Income Method • The earnings method is based on the idea that an investment property's value reflects the type and amount of income it is anticipated to produce over the course of its life.
The income capitalization approach is what?Any technique utilized to turn a revenue source into value is known as capitalization. Direct capitalisation and yield capitalization are the two main types of income capitalization. Any rate used to transform an estimated future revenues into an estimation of market worth is known as a capitalization rate.
To know more about capitalization Visit:
https://brainly.com/question/29946431
#SPJ4
Multiple choice question 81 in moyer company, the cutting department had beginning work in process of 6,000 units, transferred out 16,000 units, and had an ending work in process of 3,000 units. How many units were started by moyer during the month? 19,000. 10,000. 13,000. 16,000
Moyer launched 13,000 units throughout the month. Hence, 13,000 is the correct answer.
What does work in the process means?Work in progress, goods in process, or in-process inventory refers to a company's partially completed products that are awaiting completion and ultimate sale, or the worth of these things. WIP is a critical input for computing inventory on a company's balance sheet, and it is utilized in supply chain management.
WIP inventory refers to things that are in production but have not yet been completed. WIP inventory is consolidated into the inventory line under current assets on the balance sheet, along with raw materials and completed items.
To learn more about supply chain management, click
https://brainly.com/question/29241738
#SPJ1
where are the final goods and services produced that are included in germany's gdp?
In Germany, the final goods and services produced are included in Germany's GDP.
Germany has a social market economy that is very advanced. Its national economy is the biggest in Europe, ranks fourth globally in terms of nominal GDP, and ranks fifth globally in terms of GDP (PPP). The International Monetary Fund estimates that in 2017, the nation contributed 28% to the economy of the euro region (IMF).
Germany is a founding member of both the Eurozone and the European Union. With a $310 billion trade surplus, Germany had the largest surplus ever in 2016.
To learn more about GDP, visit the link below:
brainly.com/question/13955242
#SPJ4
What are the 3 types of ownership?
The 3 types of ownership are Sole Proprietorship, Partnership and Corporation
1. Sole Proprietorship: A sole proprietorship is an unincorporated business owned and operated by one individual. The owner is entitled to all profits and is responsible for all losses, debts, and liabilities.
2. Partnership: A partnership is an unincorporated business with two or more individuals who share ownership and management. The owners share in the profits and losses and are jointly responsible for the debts of the business.
3. Corporation: A corporation is a legal entity created by a state and separate from its owners. It has the authority to enter into contracts, borrow money, pay taxes, and sue and be sued. The owners of a corporation are shareholders and their liability is limited to the amount of their investment in the company.
To know more about ownership here
https://brainly.com/question/28239539
#SPJ4
Generosity towards others is an example of ______ in the business world. Multiple choice question. weakness accountability caring competence
In the business sector, generosity toward others is an illustration of caring.
A donor in business is what?Giving people are those that want to contribute to a cause and go out of their way to assist others. One must have "a willingness to help others attain their goals" in order to be really inventive and collaborative (Grant, 2013). Then there are what Grant refers to as "toxic takers" (Grant, 2013).
What does kindness in business mean?Accordingly, if you are kind to your customers, business partners, and staff members — if you put in the extra effort, take the extra time, and do whatever you can — they are likely to return the favor.
To know more about business sector visit:-
https://brainly.com/question/1383739
#SPJ4
very employee helps the business achieve its financial goals. How do support staff help the company achieve its financial goals
They keep equipment maintained. And They conserve the use of office supplies.
An economic aim is any plan you have for your cash. you could have short-time period monetary dreams (like saving up $1,000) or lengthy-term financial goals (like investing for retirement). You must set desires for every vicinity of your lifestyle, however, having financial goals allows you literally placed your money wherein your intention is.
Key brief-term desires consist of putting a price range, reducing debt, and starting an emergency fund. Medium-term dreams should encompass key insurance rules, while lengthy-term goals want to be centered on retirement.
Examples of various sorts of monetary desires encompass: Create a price range. store for retirement and different lengthy-term plans. keep for short-time period and mid-time period plans. pay off debt.
To learn more about a financial goal visit here:
brainly.com/question/29238593
#SPJ4
Complete question:
Every employee helps the business achieve its financial goals. How do support staff help the company achieve its financial goals?
Which of these actions would most likely decrease a person’s net worth for at least the next 6 months?
Decreasing net worth, on the other hand, is cause for concern as it might signal a decrease in assets relative to liabilities.
What decreases your net worth?When net liabilities exceed net assets, the condition is known as having a negative net worth. Deficit net worth, also known as negative net worth, can happen for a number of reasons, but it often happens when the value of present or future assets declines suddenly.
On the other side, declining net worth is a cause for concern as it can indicate a decline in assets compared to liabilities. The greatest approach to raise net worth is to either increase assets while obligations either remain constant or decline, or decrease liabilities while assets either remain constant or rise.
A current glimpse of your financial status can be found in your net worth. You may see the total of all you've made and spent if you compute your net worth today.
To learn more about net worth refer to:
https://brainly.com/question/12371230
#SPJ4
What are the 4 factors that influence a purchasing decision?
Cultural, social, personal and psychological are the four factors that influence a purchasing decision .
The appeal of a product can be greatly influenced by cultural and societal influences. Industry organisations invest a lot of money in trying to sway public opinion because they are aware of how culture can affect industry sales. When developing your marketing, keep cultural and social issues in mind. Without offending anyone, you want to draw in as many clients as you can. Consumer behaviour is also influenced by personal variables. Tastes evolve with time. Experts on ageing claim that senior consumer behaviour is extremely varied, indicating that on average, seniors have more motives to make purchases than youth. Motivation refers to the consumer's underlying requirements. A valuable tool is knowing how to inspire your customers. how your potential buyer learns about your goods or views the world.
For such more questions on Purchasing decision:
brainly.com/question/30166151
#SPJ4
What are the 4 primary roles of advertising?
Advertising is a powerful marketing tool that can assist you in attracting customers, educating them about your products, and earning their confidence.
Define about roles of Advertising? "Marketing mix" that includes four crucial elements for selling a good or service: product, pricing, place, and promotion. Businesses often consider the four Ps when creating marketing strategies and plans to attract their target audience.Advertising refers to any sponsored marketing of a product, service, or notion with the aim of swaying one or more people. Print, radio, television, and digital media are just a few of the platforms where it could occur. The main goal of advertising is to persuade a person to buy a product or do something else.Advertising aids in spreading awareness of the new product so that customers can visit and try it.To learn more about Types of Advertising refers to:
https://brainly.com/question/14227079
#SPJ4
As you move from left to right, the aggregate demand curve _____. slopes upward slopes downward may slope upward or downward
As you move from left to right, the aggregate demand curve slopes downward.
The aggregate demand curve shows the relationship between the overall level of economic activity and the overall price level in an economy.
When the economy is operating at a high level of economic activity, firms are producing and selling more goods and services, and consumers are buying more goods and services. As a result, the overall price level tends to be higher.
As the economy moves to the right along the aggregate demand curve, the overall level of economic activity decreases, and the overall price level tends to decrease as well.
To learn more about Aggregate demand,
https://brainly.com/question/25749867
#SPJ4
ounty A received equipment that was of a lesser capacity than requested from County B (their mutual aid partner). What best practice is desired to prevent this from occurring
County B provided County A with equipment, however it was of a lower capacity than was asked (their mutual aid partner) To avoid this, standard practices for resource typing are desired.
Resource deployment and use in incidents are defined and categorized by capability, or resource typology. Resource type definitions create a common language and specify a resource's basic capabilities (for tools, teams, and units). Preparedness, Communications and Information Management, Resource Management, Command and Management, and Ongoing Management and Maintenance are the five NIMS Components as described by NIMS 2008. Three NIMS guiding principles are followed by incident management employees while using NIMS components to achieve these priorities: Flexibility. Standardization. Oneness of Purpose. Resources—people, teams, facilities, equipment, and supplies—can be managed systematically by numerous organizational aspects thanks to the National Incident Management System (NIMS) resource management guidelines.
Learn more about resource typing from
brainly.com/question/29843993
#SPJ4
In the 1980s, the dangerous Ebola virus entered the United States through contaminated monkeys that were imported for use in medical experiments. Suppose this virus had not been contained but had spread to the general population. Assume that the virus is lethal in half of the people who are exposed to it. Describe the resulting effect on labor productivity.
There is widespread inflammation and tissue destruction caused by the Ebola virus. Because it disrupts the body's clotting mechanism and causes internal bleeding when blood seeps from tiny blood vessels, the virus is classified as a hemorrhagic fever. In total, six distinct virus species have been identified, although only four are thought to pose a significant health risk to people.
Contact with contaminated bodily fluids, including as blood, saliva, sweat, tears, mucus, vomit, feces, breast milk, urine, or semen, can result in the transmission of the virus. Transmission can also occur through contact with infected surfaces or objects.
The economic impacts of an Ebola outbreak are just as severe as the loss of human lives. The ripple effects of an Ebola pandemic can be felt across the whole economy. When an outbreak of Ebola occurs in a country, stopping the transmission of the disease within the country and among its citizens becomes an urgent matter. Preventative actions are required to forestall a catastrophic pandemic.
Still, the measures taken to manage Ebola have a negative impact on the economy. Household incomes dropped and poverty increased in the nations severely hit by the Ebola pandemic in 2014. The World Bank reported in 2016 that the total cost of the Ebola epidemic in Liberia, Guinea, and Sierra Leone was $2.8 billion.
To know more about the Ebola Virus:
https://brainly.com/question/836713
#SPJ4
Suppose Garnett and Kennedy own a Pearl District downtown apartment in tenancy by the entirety. If Garnett dies, what type of ownership does Kennedy now have
Kennedy currently possesses sole ownership in the event that Garnett passes away.
What are the benefits of sole proprietorship?The initial costs are low. You are completely private. It's easy to start and run your own business. If things change, it's simple to wind up your business and change your legal structure later.
Who is known as a company's sole proprietor?A person or legal entity that is the legal proprietor of a business is an owner. A corporation, which is a legal entity, may own one or more businesses. The individual owner (proprietor) of a sole proprietorship is specifically referred to as a "sole proprietor."
To learn more about sole ownership here:
https://brainly.com/question/22899420
#SPJ4
39. If nominal GDP exceeds real GDP for a specific year, then the GDP deflator must be __________. *
(Nominal GDP minus Real GDP) x 100 is the GDP price deflator. When the nominal GDP is lower than the actual GDP, the GDP deflator is negative, which indicates that the country is experiencing deflation.
Nominal/Real x 100 is the formula used to compute the GDP deflator. The GDP Deflator for 1980 in the aforementioned example is 100 ($500/$500 x 100 = 100). GDP deflator is always set to 100 for the base year. The 2017 GDP deflator is 342.86 ($3000/$875 multiplied by 100 = 342.86). Real GDP is typically calculated by multiplying nominal GDP by the GDP deflator (R). The deflationary figure, for instance, is 1.01 if an economy's prices have risen by 1% since the base year. Real GDP is computed as $1,000,000 / 1.01, or $990,099, if nominal GDP was $1 million.
To learn more about GDP deflator click the link below:
brainly.com/question/14868990
#SPJ4