MGTA01H3 Lecture Notes - Lecture 7: Bloomberg Businessweek, Lorenz Curve, Small Business

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rizvizzle

7 May 2022

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UTSC

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Management

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MGTA01H3

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MGTA01H3 Full Course Notes

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Mgta01 intro to business week 8. { gdp growth a measure of progress . Total value of all goods and services produced by an economic system. Large gdp:many workers, using many factors, producing many things of high value (typically, in a year). As the population grows, we need more food, more clothing, more shelter. Gdp per capita value of all goods and service produced number of people who get to share that. Review: gdp per capita not a perfect measure of prosperity. Employment; the ability to get and keep a job. Unemployment = wanting a job, but not finding one! Unemployment rate : % of people who are actively looking for work, but can"t find work. Gdp (this number is smaller that it could be) /population. Some people who want work can"t find it. Some people doing less than they could: less is being produced, less available to be consumed. Unemployment rate jumped in 2020 due to covid.

Related Questions

32) Which of the following best describes the term gross domestic product? a) total value of all goods and services produced within a given period by a national economy through domestic factors of production total quantity of goods and services produced by an economic system conditions of the economic system in which an organization operates total quantity and quality of goods and services that a country's citizens can purchase with the currency used in their economic system total value of all goods and services produced by a national economy within a given period regardless of where the factors of production are located

36) Which of the following best describes the term standard of living? a) total quantity and quality of goods and services that a country's citizens can purchase with the currency used in their economic system total quantity of goods and services produced by an economic system the overall quality of life produced by an economic system total value of all goods and services produced by a national economy within a given period, regardless of where the factors of production are located

11) Which of the following best describes the term standard of living? total quantity and quality of goods and services that a country's citizens can purchase with the currency used in their economic system total quantity of goods and services produced by an economic system the overall quality of life produced by an economic system total value of all goods and services produced by a national economy within a given period, regardless of where the factors of production are located

MGTA01H3 Lecture Notes - Lecture 7: Bloomberg Businessweek, Lorenz Curve, Small Business

MGTA01H3 Full Course Notes

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