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What is GDP in economics?
gross domestic product (GDP), total market value of the goods and services produced by a country's economy during a specified period of time.
gross domestic product (GDP), total market value of the goods and services produced by a country’s economy during a specified period of time.
See lessWhat is the rule of 70?
The rule of 70 is used to determine the number of years it takes for a variable to double by dividing the number 70 by the variable's growth rate. The rule of 70 is generally used to determine how long it would take for an investment to double given the annual rate of return.
The rule of 70 is used to determine the number of years it takes for a variable to double by dividing the number 70 by the variable’s growth rate. The rule of 70 is generally used to determine how long it would take for an investment to double given the annual rate of return.
See lessWhat is GDP and growth?
GDP is important because it gives information about the size of the economy and how an economy is performing. The growth rate of real GDP is often used as an indicator of the general health of the economy. In broad terms, an increase in real GDP is interpreted as a sign that the economy is doing welRead more
GDP is important because it gives information about the size of the economy and how an economy is performing. The growth rate of real GDP is often used as an indicator of the general health of the economy. In broad terms, an increase in real GDP is interpreted as a sign that the economy is doing well.
See lessWhy is economic growth so important?
So the citizens of a country with high GDP are likely to have high incomes and high standards of living and if GDP goes up a lot, people are likely to be earning and spending more and businesses are likely to be hiring and investing more. In other words people are likely to be feeling better off.
So the citizens of a country with high GDP are likely to have high incomes and high standards of living and if GDP goes up a lot, people are likely to be earning and spending more and businesses are likely to be hiring and investing more. In other words people are likely to be feeling better off.
See lessWhat does growth mean in economics?
Economic growth is an increase in the capacity of an economy to produce goods and services, compared from one period of time to another. It can be measured in nominal or real terms, the latter of which is adjusted for inflation.
Economic growth is an increase in the capacity of an economy to produce goods and services, compared from one period of time to another. It can be measured in nominal or real terms, the latter of which is adjusted for inflation.
See lessWhat food is high in antioxidants?
Dark chocolate. Lucky for chocolate lovers, dark chocolate is nutritious. ..
Dark chocolate. Lucky for chocolate lovers, dark chocolate is nutritious. ..
See lessWhat is a unit ratio?
Unit Ratio. A unit ratio is a two-term ratio expressed with a second term of one. Every ratio can be converted to a unit ratio.
Unit Ratio. A unit ratio is a two-term ratio expressed with a second term of one. Every ratio can be converted to a unit ratio.
See lessHow to calculate a rate?
To find a rate in math, divide the value of the dependent variable by the value of the independent variable. Then, reduce the fraction if possible.
To find a rate in math, divide the value of the dependent variable by the value of the independent variable. Then, reduce the fraction if possible.
See lessWhat is converting rates example?
To calculate a conversion rate, take the number of conversions divided by the total number of visitors. For example, if an ecommerce site receives 200 visitors in a month and has 50 sales, the conversion rate would be 50 divided by 200, or 25%.
To calculate a conversion rate, take the number of conversions divided by the total number of visitors. For example, if an ecommerce site receives 200 visitors in a month and has 50 sales, the conversion rate would be 50 divided by 200, or 25%.
See lessWhat do you mean by conversion rate?
A conversion rate records the percentage of users who have completed a desired action. Conversion rates are calculated by taking the total number of users who 'convert' (for example, by clicking on an advertisement), dividing it by the overall size of the audience and converting that figure into a pRead more
A conversion rate records the percentage of users who have completed a desired action. Conversion rates are calculated by taking the total number of users who ‘convert’ (for example, by clicking on an advertisement), dividing it by the overall size of the audience and converting that figure into a percentage.
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