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Why are graphs useful?
Graphs are useful in various ways. They are commonly used in statistics to represent data which can be easily interpreted by other users.
Why increase in national income affect increase in standard of living?
An increase in national income affects the increase in the standard of living because an increase in income increases the standard of living. When the national income is low, people are poorer.
What are the factors that determine country's national income?
A country's national income is simply: Amount of economic activity happening - production of real goods & wages. There are several ways to measure this (Net output method, Net Product method, Value Addition etc.) Factors affecting the national income are Labor, Capital, Land and Entrepreneurship. In essence, this means NI = Wages + Interest + Rent + Profit Note that NI is basically the GDP of the country subtracted the amount of capital consumed in producing that GDP, added/subtracted by foreign income flow and govt. subsidies.
The government creates income from what?
One of the ways through which the government gets income is taxation. The government also gets income from corporations or businesses that it has a stake in.
Measurement of GNP?
GNP: GNP ( Gross national Income) this can be measured in the three ways but bone of them is perfect. 1. Total product approch: according to this method the market value of the goods and servics porduced in a year are added together and this is the reason that
Why are graphs useful?
Graphs are useful in various ways. They are commonly used in statistics to represent data which can be easily interpreted by other users.
3 ways of presenting data in statistics?
ways of presenting data in statistics
In what ways are entrepreneur are useful?
In what ways are enterpreneurs useful to suppliers
Why increase in national income affect increase in standard of living?
An increase in national income affects the increase in the standard of living because an increase in income increases the standard of living. When the national income is low, people are poorer.
In what ways are fossils useful to geologists?
In what ways are fossils useful to geologist?
What ways are entrepreneurs useful to supplier?
In what ways are enterpreneurs useful to suppliers
What are five ways that plant are useful?
five ways how plants are useful to us
What are ways statistics is used?
Finance. Surveying.
How many ways arrange the word statistics?
The letters of the word statistics can be permuted in 10!/(3!*3!*2!) = 3,628,800/72 = 50,400 ways.
Numerical ways of expressing information are called?
Numerical ways of expressing information are called statistics.
In what ways are animal useful?
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What are the two ways of representing the Income Statement in accounting?
There are two ways of presenting income statement: Account Form Statement Form
