Question 1. List the two things that GDP measures. How can GDP measures two things at once? GDP measures the total economy income and total output of goods and services. The reason why GDP measures two things at once is that the output of goods and services and total income‚ quantitatively‚ are the same. For instance‚ every dollar of expenditure by a buyer must become a dollar of income to a seller. 2. What does the consumer price index measure? How is it different from the GDP deflator? Consumer
Premium Inflation Unemployment Supply and demand
THE CATERING WORLD: CATERING TRENDS NURUL SYAHIDAH KHAIRUDDIN DEPARTMENT OF HOSPITALITY & TOURISM The catering industry One of the most dynamic business groups in the F&B industry. History Throughout world’s cultural and social development‚ many references made to eating together Often hosts tried to outdo each other with extravagance of feasts Today feasts take the form of catered events Catering Has a broad scope Banquets – refers to groups of people who eat together at one time
Premium Catering
Thesis: Research Project Topic: Motivation Factors in Language Learning of English Major Students Professor: Dr. Lurida D. Ramos Group III: Cuaton‚ Marie Renzie Dionisio‚ Kaithlyn Kate Gapate‚ Danielle Ann Miralpes‚ Jhulie-Ann Pacupac‚ Dessa I. Introduction The use of language is essential to every aspect and interaction in our everyday lives. Language is the source of communication. It is the way through which we share our ideas and thoughts with others. There
Premium Motivation Learning Linguistics
Chapter 1 – Sociological Perspective Intro A lot of information we mistake for sociology is actually an attempt by different groups to influence social policy. Sociologists have different goals than journalists do‚ where sociologist answer to the scientific community. This means their goal is not high ratings‚ but an accurate and scientific approach to the issue they are studying. Sociology represents both a body of knowledge AND a scientific approach to the study of social issues. Sociology as
Free Sociology
The reading shows the sociopolitical background of multicultural education in the United States. Nieto and Bode (2012) use demographics that represent the montage of U.S. schools and society to portray the diversity in population and the need for multicultural education for all children from grade K-12. They explore students’ lives by clearly looking at social class‚ race‚ ethnicity‚ linguistic and cultural groups while avoiding observation and stereotypes. Multicultural education concentrates
Free Education School
Principles of Macroeconomics Due: Wednesday‚ October 30‚ 2013 NOTE: All answers must be typed! Han;] dwritten problem sets will get zero credit. 1. For the following three cases‚ use a midpoint formula to calculate the coefficient for the cross-price elasticity of demand and identify the relationship between the two goods (complement‚ substitute‚ or independent). a. The quantity demanded for good A p;increases from 300 to 400 as the price of good B increases from $1 to $2. Show
Premium Supply and demand
Macroeconomics‚ 7e (Abel/Bernanke/Croushore) Chapter 1 Introduction to Macroeconomics 1.1 What Macroeconomics Is About 1) The two major reasons for the tremendous growth in output in the U.S. economy over the last 125 years are A) population growth and low inflation. B) population growth and increased productivity. C) low unemployment and low inflation. D) low inflation and low trade deficits. Answer: B Diff: 1 Topic: Section: 1.1 Question Status: Previous Edition 2) The
Free Economics Macroeconomics Inflation
A. The Commercial Revolution was a period of economic expansion‚ colonization and mercantilism in Europe. The Commercial Revolution made exploration and colonization a reality because as the European powers found new trade routes for goods and built vast trading networks‚ they established colonies in these areas where they would trade. B. Exploration encouraged more trading and economic development for participating nations. The Triangular Trade was established which exchanged goods‚ such as sugar
Premium Native Americans in the United States United States Colonialism
Meursault‚ the novel’s narrator and protagonist‚ receives a telegram telling him that his mother has died. She had been living in an old persons’ home in Marengo‚ outside of Algiers. Meursault asks his boss for two days’ leave from work to attend the funeral. His boss grudgingly grants the request‚ and makes Meursault feel almost guilty for asking. Meursault catches the two o’clock bus to Marengo‚ and sleeps for nearly the entire trip. When Meursault arrives‚ he meets with the director of the old
Premium Death Sleep Harold Pinter
Introduction The STI College Global City Library has been in the institution for a very long time. It envision themselves as a supportive service to the technologically empowered society whose development and growth is driven by a knowledge-based workforce by providing expedient and effective access to high quality library services‚ collection in a variety of formats and information resources designed to meet the curriculum research‚ professional‚ intellectual‚ creative and personal needs of the
Premium Book Library