The best document to consult to quickly locate user acceptance criteria for the project deliverable in a project to design a new road bicycle for the Olympic games is the Requirements Documentation.
The Requirements Documentation is a detailed description of the requirements for the project, including specific performance and design requirements, as well as any constraints or limitations. It is usually created during the planning phase of the project and is used as a reference throughout the project to ensure that the project deliverables meet the needs and expectations of the stakeholders. In this case, the user acceptance criteria, which define the criteria that must be met for the project deliverables to be considered acceptable to the stakeholders, would likely be included in the Requirements Documentation.
The Requirements Traceability Matrix, Work Breakdown Structure, and Project Management Plan may also be useful documents for the project, but the Requirements Documentation would likely be the quickest and most direct source of information on the user acceptance criteria.
Learn more about decision making here: brainly.com/question/16407152
#SPJ4
as a project manager, you are reviewing copies of the first three status reports for the project's progress provided by project support. you notice that the progress chart in the report is showing progress by months instead of weeks and the circles that represent the status for tasks are not showing the correct color. you perform an independent review on how the status reports are created. in which process should this review take place? answers a. manage quality b. validate scope c. control quality d. control scope
The Control Quality process involves monitoring and controlling the quality of project outputs, including the accuracy and reliability of project status reports.
An independent review of the first three status reports falls under this process, ensuring that the progress chart is showing progress by weeks and that the circles used to represent the status of tasks are using the correct color.
The process also involves reviews of the processes used to create the status reports, such as the methods used to gather data and the accuracy of the data.
Additionally, any reports or analyses used to create the status reports are reviewed to ensure accuracy. This process is essential to validate that the project deliverables meet the quality standards.
If the deliverables do not meet the quality standards, corrective action must be taken. The Control Quality process is essential to ensure that the project outputs are of the highest quality.
To learn more about Control Quality visit:
https://brainly.com/question/17368639
#SPJ4
FILL IN THE BLANK. As a person receives more of a good, the _______ from each additional unit of the
good declines.
A. utility
B. sunk costs
C. marginal utility
D. budget constraint
C. Marginal utility refers to the additional satisfaction or benefit that a person derives from consuming one more unit of a good. The marginal utility from each extra unit of a good decreases when a person obtains more of it. This concept is known as the law of diminishing marginal utility.
For example, if a person eats one chocolate, they may derive a lot of satisfaction from it. However, if they eat two or three chocolates, the satisfaction derived from each additional chocolate may decrease. This is because the person's hunger has been satisfied to some extent and they are now getting less and less satisfaction from each additional chocolate they consume.
The law of diminishing marginal utility is important for understanding consumer behavior and the demand for goods. It suggests that consumers are more likely to purchase more of a good at lower prices and less likely to purchase more at higher prices. This is because the marginal utility of a good decreases as a person consumes more of it, and they are more likely to be sensitive to changes in the price of a good that they have a lot of experience with.
Learn more about Marginal utility here:
https://brainly.com/question/15297469
#SPJ4
Use the data table to answer the question that follows.Assets LiabilitiesActual Reserves $6,000 Demand deposits $40,000Loans $34,000 Assume the reserve requirement is 10%. Based on this small bank's data, what is the maximum amount in new loans that it could give?a) $2,000b) $4,000c) $10,000d) $20,000e) $34,000
The maximum amount in new loans that the small bank could give is $4,000.
this is because the bank's actual reserves of $6,000 would need to meet the 10% reserve requirement, leaving $4,000 in excess funds to be lent out. To calculate this, the bank first subtracts its demand deposits of $40,000 from its actual reserves of $6,000, leaving a remaining amount of $34,000. This remaining amount is then multiplied by the reserve requirement of 10%, and the result is subtracted from the actual reserves of $6,000, leaving the bank with an excess of $4,000, which is the maximum amount in new loans that it could give. This shows that the correct answer is option (b) $4,000.
Learn more about amount here:
https://brainly.com/question/15701834
#SPJ4
what are the unit sales required to attain a target profit of $120,000?
In order to solve for Unit Sales, you need to know both the selling price and the variable cost per unit. If this information is not available, you will not be able to determine the number of unit sales required to attain the target profit.
The unit sales required to attain a target profit of $120,000 can be calculated by using the formula:
Unit Sales = Target Profit / (Selling Price - Variable Cost per Unit)
Where:
Selling Price = the price at which each unit is sold
Variable Cost per Unit = the cost associated with producing and selling each unit.
Hence, You must be aware of both the selling price and the variable cost per unit in order to solve for unit sales.
To know more about unit sales here
https://brainly.com/question/28188061
#SPJ4
to measure variability of the stock prices, why not just compare the standard deviations?
It is important to measure the variability of stock prices in order to understand the risk and returns associated with a particular stock. One of the most common ways to measure the variability of stock prices is to compare the standard deviations.
Standard deviation is a measure of the spread of a set of data from its mean and can be used to measure the variability of stock prices.
The standard deviation of a stock is a measure of how widely its prices have fluctuated over a period of time. By calculating the standard deviation of a stock, we are able to see how much it has moved in relation to its average price. This can be used to identify high-risk stocks, as well as to identify stocks whose prices move in a more consistent and predictable pattern.
In addition to measuring the variability of stock prices, the standard deviation can be used to compare the performance of different stocks. By comparing the standard deviations of two different stocks, investors can get an idea of which stock is more volatile and which is more reliable. This can be helpful in making decisions about which stocks to invest in.
To learn more about standard deviations here:
https://brainly.com/question/475676#
#SPJ11
approximately what percent of u.s. businesses have some form of remote work program? group of answer choices
In the real life, there are remaining 10 percent of employers and 3 percent of workers are completely remote. In the other hand, Almost 30 percent of private-sector employers, making up most of the other half of the U.S. workforce, allow some work outside the office.
In economic and business, work from home or also known as Remote work, or also work from anywhere, generally can be defined as an employment arrangement in which employees do not commute to a central place of work, such as an office building, warehouse, or retail store. In the economic sector, remote work also can be defined as telework, remote job, mobile work, and distance work.
Here you can learn more about remote work https://brainly.com/question/30070047
#SPJ4
culver, incorporated produces two products (product v3 and product g8) using two activities: machining, which uses machine hours as the cost driver, and inspection, which uses the number of batches as the cost driver. the products have the following activity demands: product v3 product g8 total machine hours 1,800 3,100 4,900 number of batches 46 19 65 the activity rate for inspection is $510 per batch. what is the total cost of inspection? multiple choice $23,460 $96,900 $9,690 $33,150
The total cost of inspection for both products, V3 and G8, is $9,690. This can be calculated by multiplying the activity rate of $510 per batch by the total number of batches (46 + 19 = 65). This results in a total cost of inspection of $9,690. Option C.
The activity rate of $510 is determined by multiplying the cost of the activity by the cost driver. In this case, inspection is the activity and the number of batches is the cost driver.
This rate is then applied to the total number of batches, which is the sum of the individual product batches (46 + 19 = 65).
The two products, V3 and G8, have different activity demands. Product V3 requires 1,800 machine hours while product G8 requires 3,100 machine hours. This means that the total number of machine hours used is 4,900, which is the sum of the individual product machine hours (1,800 + 3,100 = 4,900).
The total cost of inspection for both products is $9,690, which is determined by multiplying the activity rate of $510 per batch by the total number of batches (46 + 19 = 65).
This cost does not include the costs associated with the machine hours used for both products.
To learn more about product , click here:
https://brainly.com/question/22852400
#SPJ4
John owed $10,000 in taxes on taxable income of $40,000. If john earns an additional $1,000, he will pay an additional $280. Therefore:.
Which three best practices can help a project manager approach change management on their project? Mobilize active and visible executive sponsorship.
Apply a structured change management approach.
Communicate frequently and openly.
Engage with front-line employees.
Planning, openness and honesty, communication, and employee involvement are some of the greatest change management techniques, although there are many other ways leaders can handle change.
What is Change Management?All methods of assisting teams, individuals, and organizations in undergoing change are together referred to as "change management." There are many reasons why things change, such as: advancements in technology, internal process evaluations, crisis management, shifts in client demand, pressure from the marketplace, acquisitions and mergers, and organizational restructuring. Budgets, resources, business processes, and operations in general may all need to be redefined or moved in order to accommodate such change. Organizational change management (OCM), in contrast to change management, focuses on the whole organizational change of a corporation or business. Change management often mainly discusses how individuals and teams are impacted by changes within the organisation.
What are the 3 issues in change management?Gaining buy-in, monitoring project health, and evaluating change management efforts can be the three main obstacles that change managers must overcome when steering an organization through a period of transition.
To know more about Change Management visit: brainly.com/question/11239217
#SPJ4
the key to determining if a business will implement any policy is?
The success of any business depends on the policies that it implements and follows. A good policy can enhance the efficiency, productivity and overall performance of the company while a poorly devised one can lead to major setbacks. Thus, determining the potential of a business to implement any policy is crucial.
The first factor to consider is the leadership of the company. The top management should have a clear vision for the business and should be committed to the implementation of policies that align with this vision. They should also have the necessary resources and support to enforce the policies effectively.
Another key factor is the culture of the organization. If the employees are not supportive of the policies, it becomes difficult to implement them. Hence, it is important to involve employees in the policy-making process to ensure their buy-in and participation in implementation.
To read more about Policies, Visit-
https://brainly.com/question/11519857
#SPJ11
2. What size of businesses (Small, Medium, Large Enterprises) usually uses Manual Systems, Computer Transaction Systems or, Database systems? Explain their reasons
Due to limited financial resources, a small staff, and a lack of technical expertise, small enterprises frequently use manual systems, such as paper-based record keeping and manual data entry.
For specialized tasks like sales, inventory management, and financial reporting, medium-sized enterprises may employ computerized transaction systems, such as point-of-sale (POS) systems.
Database systems, which are computerized systems made to manage and store massive volumes of data, are typically used by major businesses. Multiple users and applications can be supported by these systems, which also offer better data access and analysis capabilities as well as cutting-edge security and backup features.
In conclusion, the size, complexity, and resources of the firm will determine whether manual, computerized transaction, or database solutions are best.
Learn more about businesses Visit: brainly.com/question/24553900
#SPJ4
walmart has the largest revenue. if walmart is excluded from the list, which measure of center would be more affected? if walmart is excluded from the list, the measure of center that would be more affected is the
If walmart is excluded from the list, the measure of center would be more affected is mean. Excluding Walmart from the data set would therefore significantly reduce the overall mean, and would likely have a bigger impact on the mean than it would on the median or mode.
The mean is heavily influenced by extreme values (also known as outliers), and the revenue of Walmart is likely one of the largest values in the data set. When a data set contains outliers, or values that are significantly larger or smaller than the majority of the other values, the mean is often affected more than the median or mode. This is because the mean is sensitive to extreme values, and a single large value can significantly increase the overall mean. In contrast, the median is not affected as much by outliers because it is based on the middle value of the data set, and not the sum of all the values.
Learn more about mean: https://brainly.com/question/17060266
#SPJ4
if there is a bww near you, visit the restaurant or if not take a look at them online (www.buffalowildwings.com). identify what you see as competitors to bww.
Hooters, Applebee's, Darden Restaurants, and Denny's are a few of Buffalo Wild Wings' rivals. When compared to its rivals, Buffalo Wild Wings scores fifth in the CEO Rating category.
What does BWW stand for?
Jim and Scott chose to launch the original Buffalo Wild Wings & Weck rather than take a road trip back to Buffalo. They reduced the moniker to Buffalo Wild Wings over time and continue offering delectable wings with tall, cool beers while giving sports fans throughout America front-row seats to both the week and the finest sporting events.
Is BWW a publicly traded company?
In 2003, the 1982-founded Buffalo Wild Wings company went public. At the time, there were 220 units in the organization. Today, there are more nearly 1,200 locations spread across the globe.
To know more about company click here
brainly.com/question/29772643
#SPJ4
discuss whether the newly formed corporation, peterson, or both are liable on the contracts with owens and babcock. is the corpo-ration automatically liable to babcock on formation? explain.
In terms of the contracts with Owens and Babcock, it is important to examine the specific terms of each contract to determine the extent of Peterson's liability. If the contracts were signed by Peterson as the contracting party, then Peterson would likely be liable for fulfilling the obligations under the contract.
However, if the contracts were signed by individual shareholders, directors, or officers of Peterson, then their personal liability may also be involved.
In the context of business and contracts, "liable" refers to being legally responsible for fulfilling the terms of a contract. In the case of a newly formed corporation, Peterson, and contracts with Owens and Babcock, it is important to understand the legal principles of contract law and the liability of corporations.
A corporation, as a separate legal entity, can enter into contracts in its own name. This means that the corporation, Peterson, is generally liable on contracts that it enters into. However, the personal liability of the shareholders, directors, and officers of the corporation may also be impacted, depending on the terms of the contract and the jurisdiction in which the corporation operates.
It is not necessarily the case that the corporation is automatically liable to Babcock on formation. Liability on a contract is determined by the terms of the contract and the actions of the parties involved. Just because a corporation has been formed, it does not automatically mean that it is liable on all contracts entered into by its officers, directors, or shareholders.
To know more about corporation refer to-
brainly.com/question/28561316#
#SPJ11
anything for which a manager would like to know the cost?
The cost that anything for which a manager would like to known is known as cost object. Cost object also can be defined as manufacturing activity either products or services to which costs to be assigned.
In economic and business organization, A manager generally can be defined as a person who is responsible for a part of a business or organization, this may include supervising and managing a group of people. Manager has several roles, such as managing staff; planning and evaluating department activities, and also maintains staff by recruiting, selecting, orienting, and training employees. In economic and business, The management generally can be defined as a single or group of individuals who challenges and oversees a person or collective group of people in efforts to accomplish desired goals and objectives. Management has a function and main role to plan, organize, monitor and also direct individuals. In economic and business.
Here you can learn more about manager brainly.com/question/17312484
#SPJ4
What are the 3 things to always consider in adjusting entries?
Prepayments, accruals, and non-cash expenses are the three main categories of adjusting entries that need to be made at the conclusion of the accounting period.
What do we mean by journal entries?A journal entry is an act of recording any transaction, whether it is economic or not.
An accounting diary that displays the debit and credit balances of a corporation lists transactions.
Multiple recordings, each of which is either a debit or a credit, may be included in the journal entry.
The amount of the debits and credits must be equal in order for the journal entry to be declared balanced.
The three basic types of adjusting entries that need to be made at the end of the accounting period are prepayments, accruals, and non-cash expenses.
These can be divided into five categories: Accrued Revenue, Accrued Expenses, Unearned Revenues, Prepaid Expenses, and Depreciation/Depletion.
Therefore, prepayments, accruals, and non-cash expenses are the three main categories of adjusting entries that need to be made at the conclusion of the accounting period.
Know more about journal entries here:
https://brainly.com/question/14279491
#SPJ4
suppose a firm in a competitive market produces and sells 150 units of output and earns $1,800 in total revenue from the sales. if the firm increases its output to 200 units, the average revenue of the 200th unit will be a. zero. b. $12. c. less than $12. d. more than $12.
A firm in a competitive market produces and sells 150 units of output and earns $1,800 in total revenue from the sales. if the firm increases its output to 200 units, the average revenue of the 200th unit will be $12 [b].
When a business doubles its input and discovers that its outcome is greater than doubled, this is referred to as a?
A company is considered to have constant scale returns if all of its inputs rise by a certain proportion, followed by an equal increase in output. A company would have constant returns to scale, for instance, if it doubled its workforce and all other inputs before doubling its output.
In a competitive market, a company produces and sells 150 pieces of output, generating $1,800 in total income. The 200th unit's average revenue, if the company expands its output to 200 units, will be $12.
Therefore, A company in a competitive market doubles its sales while maintaining the same price, doubling its overall revenue.
Learn more about average revenue from the given link.
https://brainly.com/question/27335629
#SPJ4
If you are trying to engage your workforce, what are the most important things you can do to engage them? check all that apply.
a. Provide global work opportunities
b. Ensure senior managers are genuinely interested in employee well-being
c. Improve the skills and capabilities of your employees
d. Enhance your reputation for social responsibility
If you are trying to engage your workforce, Improve the skills and capabilities of your employees.
What is workforce?The term "workforce" or "labor force" refers to the group of people who are either employed or unemployed. It usually refers to people who work for a certain organization or sector, but it can also refer to a specific geographic area like a city, state, or nation.
A company's value can be described as being represented by its "Workforce in Place." A nation's workforce consists of both employed and jobless people.
Any type of job that is structured and compensated in a formal manner is considered formal labor. Contrary to the informal economy, a nation's formal labor force adds to its gross national product.
Learn more about workforce, here
https://brainly.com/question/18956431
#SPJ1
refer to exhibit 2-5. the opportunity cost of moving from point d to point c is a. 10,000 televisions. b. 10,000 fax machines. c. 5,000 televisions. d. 5,000 fax machines.
The opportunity cost of moving from point D to point C in exhibits 2-5 is 10,000 fax machines. The correct option is option b.
The opportunity cost is a concept used in microeconomic theory to describe the value or benefit lost by choosing one activity over another. More specifically, it suggests that by selecting one activity, you give up the option to participate in another.
When the consumer moves from point D to point C, the consumer gains 10,000 television sets but at the same time the consumer loses 10,000 fax machines. Hence, if the consumer would still in point D, he still could have that 10,000 fax machine. Hence the opportunity cost of moving from point D to point C is 10,000 fax machines.
To know more about opportunity cost, tap here:
brainly.com/question/13036997
#SPJ4
Need help ASAP.
What are 5 relevant ideas from the above link That
will help you grow your Business and How would you use them. Be Specific!
1-) https://bombbomb.com/blog/business-relationships-quiz-how-many-of-your-contacts-pass-this-test/
The relevant ideas are:
Building strong business relationships: Building strong relationships with clients, partners and employees can help grow your business by creating a positive reputation, fostering trust and encouraging repeat business. Personalization: Personalizing your interactions with clients and customers can help build rapport and increase customer loyalty, leading to repeat business and growth.What is the Business ideas about?Other ideas are:
Consistency in Communication: Maintaining consistent communication with clients and partners can help build trust and credibility, leading to increased business opportunities and growth. Providing Exceptional Service: Providing exceptional service to clients and customers can help differentiate your business from competitors and create a positive reputation, leading to increased business and growth.Lastly, Continuously Improving: Continuously improving your products, services and processes can help attract new clients, retain existing ones and stay ahead of the competition, leading to sustainable growth for your business.
Learn more about Business ideas from
https://brainly.com/question/11554090
#SPJ1
which of the following is true regarding the consumer price index (cpi)A. CPI includes products that are widely used, while GDP price index includes all goods and services.B. The CPI measures changes in relative prices of goods, while the GDP price index measures changes in the absolute price level of a fixed basket of goods and services.C. Both measures weigh prices by quantities consumed in some base year.D. Both yield identical numbers for price level changes for any two years.
B. The CPI measures changes in relative prices of goods, A set basket of products and services is used to calculate the GDP price index, which tracks changes in the absolute price level.
A common household consumes a variety of products and services, and the Consumer Price Index (CPI) tracks changes in those costs. It serves as a gauge of inflation since it tracks the relative changes in prices of goods and services over time. The Gross Domestic Product Price Index (GDP Price Index), on the other hand, is a gauge for changes in the overall level of prices for goods and services generated in a nation's economy. It is used to deflate nominal GDP to generate real GDP and quantifies the absolute changes in the price level of a set basket of goods and services across time.
learn more about GDP here:
https://brainly.com/question/30111703
#SPJ4
95) bankruptcies must be reported on the loan application if they have occurred within the past: True or false?
This is true that bankruptcies must be reported on the loan application if they have occurred within the past.
Bankruptcy is a legal proceeding for people who are are unable to repay their debts so they show report on the loan application if they have occurred within the past.
Learn more about that bankruptcies here:-
brainly.com/question/15277574
#SPJ4
One way that consumers can help prevent a decrease in the number of fish species that are experiencing population declines is to responses?
Answer:
eat fish that are caught using sustainable harvesting methods, therefore ensuring fish populations remain stable and reducing the amount by catch harvested
Explanation:
the managers at du pont de nemours and company expect a profit of $2.9 billion in 2012. does this mean that du pont’s expected economic profit will equal $2.9 billion? why or why not?
Du Pont de Nemours and Company, a large multinational conglomerate, is expected to make a profit of $2.9 billion in 2012. However, it's important to understand that this expected profit is not equal to Du Pont's expected economic profit.
Economic profit is a measure that takes into account both explicit costs, such as wages and raw materials, and implicit costs, such as the opportunity cost of using capital that could be invested elsewhere. In other words, it is the difference between the revenue generated by a company and the cost of all the resources used to generate that revenue.
The managers at Du Pont de Nemours and Company expect a profit of $2.9 billion in 2012, which only represents the company's explicit costs. It does not take into account any implicit costs.
Therefore, it is incorrect to say that Du Pont's expected economic profit will equal $2.9 billion. In order to determine Du Pont's expected economic profit, we would need to subtract the implicit costs from the expected profit. It is possible that the implicit costs could be substantial, resulting in a lower economic profit than the expected profit reported by the managers.
To know more about profit making refer to-
brainly.com/question/15699264#
#SPJ11
Which of the following will increase cumulative borrowing in the cash budget?a. Decreasing the average collection periodb. Increasing purchasesc. Decreasing depreciation expensed. Both a and ce. All of the above
Decreasing the average collection period , will increase cumulative borrowing in the cash budget.
A cash budget should take into account expected cash flows, such as revenue, as well as operational outflows due to returns, payroll, rent etc. A cash budget estimates the incomes of a specific project. Decrease in the average collection period will increase in the cumulative borrowing in the cash budget.
Cumulative interest is the sum of all interest payments made on a loan over a certain period. On an amortizing loan, cumulative interest will increase at a decreasing rate, as each subsequent periodic payment on the loan is a higher percentage of the loan's principal and a lower percentage of its interest.
Cumulative Borrowing Amount means, for any date of determination, the aggregate principal amount of Growth Capital Advances (as such term is defined in the Loan Agreement) funded on or prior to such date.
A cash budget is a document produced to help a business manage their cash flow. A cash budget is prepared in advance and shows all the planned monthly cash incomings (receipts) and any planned cash outgoings (payments).
Learn more about cash budget here:-
brainly.com/question/14020580
#SPJ4
What are your unique ways in providing customer service?
will permanent differences cause the effective tax rate to be lower than the statutory rate?
The statutory tax rate and the effective tax rate will diverge due to a persistent discrepancy. Additionally, unlike transitory discrepancies, which create deferred taxes.
The permanent difference does not because it will never be removed. The tax rate imposed by the law on taxable income that is subject to a particular tax band is known as the discrepancies tax rate. The percentage of income that a person or business actually pays in taxes after accounting for tax credits is known as the effective tax rate. By subtracting the actual income tax expense from the actual net income of the business, an effective tax rate is determined.
To learn more about tax, click here.
https://brainly.com/question/16423331
#SPJ4
It’s possible to have a high credit score even if you don’t earn much income.a. Trueb. False
The statement "It’s possible to have a high credit score even if you don’t earn much income" is true. It is because the higher or lower income that we have is does not influence the credit score.
In the term of business and financial economic, A credit score generally can be defined as a numerical expression based on a level analysis of a person's credit files. The credit score has a function to represent the creditworthiness of an individual. In the credit score principle, the higher or lower income that we have is does not influence the credit score.
Here you can learn more about credit score https://brainly.com/question/25668115
#SPJ4
Budget ed production 88 unit actual production 75 unit tandard hour p. U. 10 actual working hour 600 activity ratio i
The correct answer is (C) 68.18% Unfavourable.
To calculate the capacity ratio, you need to divide the actual production by the budgeted production, and then multiply by 100.
Actual Working Hours = 600
Budgeted production = 880 units
Capacity ratio = ( Actual Working Hours / Budgeted production) * 100
Capacity ratio = (600 / 880) * 100 = 68.18%
Since the capacity ratio is less than 100%, it is considered unfavorable.
So, the correct answer is (D) 68.18% Unfavourable.
Actual Working Hours 600, Standard Hours for Budgeted Production 880, Actual Production 75 units. Capacity ratio is :
(A) 120% Favourable
(B) 80% Unfavourable
(C) 68.18 Unfavourable
(D) 65% Unfavourable
Learn more about capacity ratio: https://brainly.in/question/47078171
#SPJ4
suppose that from 2017 to 2018 real gdp in the us grew from $20.00 trillion to $20.20 trillion, while nominal gdp grew from $27.20 trillion to $27.8 trillion. what was the actual growth rate of output from 2017 to 2018?
The actual growth rate of output from 2017 to 2018 was 3.2%.
To calculate this, we must find the difference between the two years for both real GDP and nominal GDP and then divide one by the other and multiply by 100.
Real GDP grew from $20.00 trillion in 2017 to $20.20 trillion in 2018, a difference of 0.20 trillion.
Nominal GDP grew from $27.20 trillion in 2017 to $27.80 trillion in 2018, a difference of 0.60 trillion.
So, dividing 0.60 (the nominal GDP growth) by 0.20 (the real GDP growth), we get 3; multiplying that result by 100 gives us a growth rate of 3.2%.
Given the impressive level of economic expansion over just one year – an increase of 3.2% - it's clear that the US economy is thriving and growing rapidly thanks to strong government policies and sustained consumer confidence.
To learn more about GDP, click here:
https://brainly.com/question/1383956
#SPJ4