the product owner has detected some new expectations from the customer. when is a good time to add this information into the product backlog?
Answers
In the next Sprint Planning is a good time to add this information into the product backlog.
What does a Scrum product backlog entail?
Scrum's agile product backlog is a prioritized features list that includes succinct summaries of every feature that the product is intended to have. It is not required to begin a project with a time-consuming, upfront effort to document all requirements while using Scrum.
Describe product backlog with an example.
A prioritized list of tasks or features that will help you accomplish your product's objectives and establish team expectations is known as a product backlog. In general, each product that is being developed has to have its own backlog. Similar to this, a specific project team should be assigned to each product backlog.
Why do sprint backlogs differ from product backlogs?
An outline of the full product may be found in the product backlog. A sprint backlog puts more emphasis on the work being done on the product during that time frame.
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Related Questions
Legal authorization by a brand owner to allow another company to "rent" its brand name for a fee is called
Answers
Answer:
The appropriate answer is "License agreement".
Explanation:
A written agreement only between various firms where a property owner allows perhaps another entity throughout accordance with a certain set of requirements called a license agreement.In so far as it has jurisdiction, the consequence including its license is to terminate or ease the ruling of conflict. It should be the presumption that perhaps the license should be a province of security.A firm's current profits are $450,000. These profits are expected to grow indefinitely at a constant annual rate of 3 percent. If the firm's opportunity cost of funds is 6 percent, determine the value of the firm:
Answers
The value of the firm is $15,000,000.
To determine the value of the firm, we can use the Gordon Growth Model, also known as the dividend discount model, which calculates the present value of the firm's future profits.
The formula for the Gordon Growth Model is:
Value of the firm = Current profits / (Opportunity cost of funds - Growth rate)
Given:
Current profits = $450,000
Growth rate = 3% = 0.03
Opportunity cost of funds = 6% = 0.06
Plugging in the values into the formula:
Value of the firm = $450,000 / (0.06 - 0.03)
Value of the firm = $450,000 / 0.03
Value of the firm = $15,000,000
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what was the primary way newspapers made money in the penny press era?
Answers
The penny press era in the United States began in the 1830s and was characterized by the emergence of affordable newspapers that were accessible to a broader audience.
The primary way newspapers made money during this time was through advertising.
Newspapers during the penny press era charged low subscription rates, usually only one cent, which made them accessible to a wider audience. However, this low cost did not provide enough revenue to sustain the newspapers. Therefore, newspapers relied heavily on advertising revenue to make a profit.
Newspapers sold advertising space to businesses, allowing them to reach a large audience at a low cost. Advertisements were prominently displayed in newspapers, often on the front page or in a prominent section of the paper, making them highly visible to readers.
Overall, advertising was the primary way newspapers made money in the penny press era. The low cost of the papers made them accessible to a broad audience, which made them attractive to advertisers looking to reach a large audience at a low cost.
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Closure of a project generally entails all of the following activities EXCEPT:
a. ensuring all work has been accomplished
b. ensuring all resources have been reassigned
c. ensuring all documentation is complete
d. updating the project management plan
Answers
Closure of a project is a critical phase that marks the end of the project's lifecycle. It involves a set of activities aimed at bringing the project to a formal end.
These activities include ensuring all work has been accomplished, ensuring all documentation is complete, updating the project management plan, and ensuring all resources have been reassigned. However, the one activity that is generally NOT included in the closure of a project is updating the project management plan. The project management plan is typically updated throughout the project lifecycle to reflect changes in project scope, schedule, budget, and other critical factors.
Therefore, updating the project management plan is an ongoing activity that occurs throughout the project, rather than a specific task associated with project closure. Other critical activities that are part of project closure include conducting a post-project review, releasing project resources, and archiving project documentation for future reference.
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What would his savings rate need to be to accomplish his goal of contributing $4,000 a year towards his college education? Explain your answer.
Answers
A person is the goal to saving the money as the contributing the $4,000 it was the saves the mostly of the $2400.
What is savings?
The term saving refer to the total amount was to spend on the expenses and the how-to saves. The savings are the always benefit in the future. A person is the saved in the money to bank are create the more interest.
According to the information as the saving to the per hour $10. The saving to the number of hours to the week, 20 hours. There was the total money in the week $200. The conclusion was the summer that is 12 weeks are $200 x 12 weeks = $2400.
As a result, the total money of the savings to $2400.
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At the end of each quarter, Patti deposits $2,200 into an account that pays 12% interest compounded quarterly. How much will Patti have in the account in 2 years? Multiple Choice $19.563 $19,311 $20.292. $20.820 e
Answers
Patti will have $20,292.00 in the account in 2 years. Patti deposits $2,200 into an account that pays 12% interest compounded quarterly. This means that the interest is calculated four times a year, and the interest earned in one period is added to the principal before the interest is calculated in the next period.
Over 2 years, which is 8 quarters, Patti will make 8 deposits of $2,200 each. The interest earned will be $2,082.00. The total amount in the account after 2 years will be $20,292.00.
To calculate the amount in the account after 2 years, we can use the following formula:
\(A= P(1+\frac{r}{n} )^n^t\)
where:
A is the amount in the account after t years
P is the principal amount
r is the interest rate
n is the number of times interest is compounded per year
t is the number of years where:
In this case, we have:
A = $20,292.00
P = $2,200
r = 12% = 0.12
n = 4
t = 2 years
Substituting these values into the formula, we get:
A = \(2200*(1+\frac{0.12}{4} )^8\)
= $20,292.00
Therefore, Patti will have $20,292.00 in the account in 2 years.
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Question 1
25 pts
Client 1: When I was three years old, I started making candy with my grandrłother.
I am now 10 and I want to sell chocolate candy with a farm theme to my friends and
family. My product ideas include Brown Cows (chocolate cows on a stick), Pigs in
Mud (marshmallow dipped in caramel, nuts and chocolate) and Farm Eggs (jelly
beans dipped in chocolate). The start-up expenses for my business are pretty small: a
few candy molds, candy and chocolate.) My parents have agreed to loan me the
money I will need and to let me work in the family kitchen. Schoolwork has to take
priority over business so if I have more sales than I can handle, I will probably ask
friends or my older brother to help. My brother is also pretty good at math and
computers so he could help me with keeping track of my expenses and advertising. I
really like the product development and packaging part of the business.
Answers
Answer:
This is an absolutely great idea. The only problem is where are you planning to hold your Business? Where are you selling these candies? How will you spread the word? What can you do to make sure people come back and want more of your product?
Explanation: I always wanted to sell candy when I was little but never pulled the trigger on it. For starters I think you should make the names a bit more of a friendly connotation so people don't assume the worst of your product. Your best bet to sell your items and candies would be at school. Now to be honest more kids are carrying money around now than they ever had when I was in elementary-middle school. This is your best bet. Make sure when you are selling your candies to not go in debt with your business, so many people I know tried this and failed because they put way more money then they were making because they thought it would pay off. Yes sometimes take the risk but almost always if your just trying to make a couple bucks, take it easy and sell for a reasonable price. If it costs about $10 to make "Brown Cows" for about 20 people then sell each brown cow for $1.25 per stick. If you have 20 people who are willing to buy you would make 15 dollars profit. Final thing is actually finding people to sell to. Most people go at these type of things alone which I think is a great idea. But if you want to get the word out even more tell a popular kid that you will pay him 5 for every 20 "Brown Cows" he sells. You can really pay him anything you want as long as your not going over your profit margin! Good luck and I would love to know how this goes!
Explain how James can change his farming habits to have a more-productive farm in the following scenario.
James has been losing money on his farm recently, so he has switched to a lower-quality fertilizer of human-made chemicals. As a result, his crops are not growing as well. He is finding it difficult to sell them, causing James to lose even more money.
Answers
Answer:
James should switch to a higher-quality fertilizer to ensure his crops grow well.
Explanation:
If he switches to a higher-quality fertilizer, his plants will grow better, and as a result they will sell better.
James can change his farming habits to have a more productive farm by switching to sustainable farming practices that prioritize soil health and natural fertilizers.
Explain how James can change his farming habits ?The use of chemical fertilizers can negatively impact the quality of the soil over time, leading to decreased crop yields and decreased profits.
To start, James could invest in improving the quality of his soil by rotating crops, practicing cover cropping, and incorporating organic matter such as compost into his fields. This will help to improve the health and nutrient content of the soil and lead to healthier crops.
Additionally, James could consider implementing sustainable pest management strategies, such as integrated pest management, to reduce his reliance on harmful chemicals. This will not only benefit the environment but also save James money on expensive pesticides.
Finally, James could explore alternative marketing strategies to sell his crops, such as farmers markets, community-supported agriculture programs, and direct-to-consumer sales. These methods may help James to reach a more interested and engaged audience who value sustainably grown produce.
Overall, by prioritizing soil health, reducing reliance on harmful chemicals, and exploring alternative marketing strategies, James can change his farming habits to have a more productive and profitable farm.
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Imagine you are in charge of purchasing for a large business. What qualities would you look for when selecting suppliers? Describe at least three qualities and explain why each is important.
5 sentences
Answers
Before choosing a supplier, it's crucial to check off the following vital boxes: communication, cooperation, profile data, cost, and supplier quality.
What is supplier?A supplier in business is a person or a company that provides retailers and distributors with high-quality products and services from manufacturers at competitive prices. Deliverables from them come in the form of raw materials, which manufacturers then transform into finished goods that are ready for sale. Anyone who provides, sells, offers or exposes for sale, leases, distributes, or installs any biological or chemical substance or any plant to be utilized at a place of employment is referred to as a supplier.The materials' transportation is handled by suppliers. A business cannot consistently provide its own customers with high-quality goods or services if it does not have strong relationships with its suppliers.It doesn't necessarily follow that a supplier can deliver on their claims for mass production just because they show you a few excellent product samples.Learn more about suppliers here:
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Managers can help to change the organization's culture by paying attention to which _____ they use as narratives to symbolize the organization's vision and values to employees.heroesritesritualsstories
Answers
Managers can help to change the organization's culture by paying attention to which stories they use as narratives to symbolize the organization's vision and values to employees.
A firm, institution, group, or other type of body made up of one or more individuals and serving a specific function is referred to as an organisation or organisation.
A wide range of legal entities exist, including companies, governments, non-governmental organisations, political organisations, international organisations, armed forces, charities, for-profit businesses, partnerships, cooperatives, and educational institutions, among others.
A hybrid organisation is one that performs public functions and creates commercial market activity concurrently in the public and private sectors.
A volunteer-run organisation is referred to as a voluntary association. Depending on the jurisdiction, these organisations, which may include informal clubs or coordinating bodies with a purpose in mind that they might express in the form of a manifesto, mission statement,
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Complete question:
Managers can help to change the organization's culture by paying attention to which ______ they use as narratives to symbolize the organization's vision and values to employees.
Multiple choice question.
heroes
stories
rites
rituals
is your last chance to make sure your document is ready to carry your message-and your reputation to the intended audience.
Answers
Scenario: Mary Willis is the advertising manager for Bargain Shoe Store. She is currently working on a major promotional campaign. Her ideas include the installation of a new lighting system and increased display space that will add $24,000 in fixed costs to the $270,000 in fixed costs currently spent. In addition, Mary is proposing a 5% price decrease ($40 to $38) will produce a 20% increase in sales volume (20,000 to 24,000). Variable costs will remain at $24 per pair of shoes. Management is impressed with Mary's ideas but concerned about the effects these changes will have on the break-even point and the margin of safety. Compute the margin of safety ratio for current operations and after Mary's changes are introduced (Round to nearest full percent)
Answers
Answer:
Instructions are below.
Explanation:
Giving the following information:
Before:
Fixed costs= 270,000
Selling price= $40
Unitary variable cost= $24
Sales in units= 20,000
After:
Fixed costs= 294,000
Selling price= $38
Unitary variable cost= $24
Sales in units= 24,000
First, we need to calculate the break-even point in units:
Break-even point in units= fixed costs/ contribution margin per unit
Before:
Break-even point in units= 270,000/ (40 - 24)
Break-even point in units= 16,875 units
After:
Break-even point in units= 294,000/14
Break-even point in units= 21,000 units
Now, the margin of safety ratio:
Margin of safety ratio= (current sales level - break-even point)/current sales level
Before:
Margin of safety ratio= (20,000 - 16,875)/20,000
Margin of safety ratio= 0.156
After:
Margin of safety ratio= 3,000/24,000
Margin of safety ratio= 0.125
Most state and local income taxes are either... (insert big wrinkle response here).
A. Progressive or flat
B. Regressive or flat
C. Progressive or regressive
Answers
Answer:
Progressive or Flat
Explanation:
I'm pretty sure that is the answer but I am not 100% sure so if it is incorrect i am sorry hope it was helpful!!!
At the majority of state and local level, the income tax rates are usually a progressive or Flat rate.
What is an income tax?This is a form of taxation that is imposed on the income earned by the citizen of a local county, state, country etc
The progressive tax is used based on peoople ability to pay while the flat rate means a general rate for all level of earners.
Therefore, the Option A is correct.
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There is a bond with a coupon of 8. 4 percent, eleven years to maturity, and a current price of $1,041. 40. What is the dollar value of an 01 for the bond? (Do not round intermediate calculations. Round
Answers
To calculate the dollar value of an 01 (DV01) for the bond, we need to determine the change in price for a 1 basis point (0.01%) change in yield.
The formula to calculate DV01 is as follows:
DV01 = (Change in Price) / (0.0001 * Bond Price)
Given:
Coupon rate = 8.4%
Years to maturity = 11 years
Current price = $1,041.40
First, we need to calculate the bond's yield. We can use the following formula to estimate the yield:
Yield = (Coupon Payment + ((Face Value - Price) / Years to Maturity)) / ((Face Value + Price) / 2)
Using the given information:
Coupon Payment = 8.4% * Face Value
Face Value = $1,000
Yield = (0.084 * $1,000 + (($1,000 - $1,041.40) / 11)) / (($1,000 + $1,041.40) / 2)
Next, we need to calculate the bond's modified duration. The formula for modified duration is as follows:
Modified Duration = (1 / (1 + Yield)) * [1 - (1 / (1 + Yield))^Years to Maturity] / Yield
Using the yield calculated above, we can find the modified duration.
Finally, we can calculate the DV01 using the formula mentioned earlier:
DV01 = (Modified Duration * Bond Price) / 100
By plugging in the calculated values, we can determine the dollar value of an 01 for the bond.
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Starbucks used a ___________ to transfer the Starbucks format to its partner in Japan.
Multiple Choice
franchise agreement
licensing agreement
export arrangement
wholly owned subsidiary
turnkey venture
Answers
Starbucks used a licensing agreement to transfer the Starbucks format to its partner in Japan. The correct answer is (b) licensing agreement.
A licensing agreement is a contractual arrangement in which the owner of intellectual property grants permission to another party to use that property for a specific purpose. In the case of Starbucks transferring its format to its partner in Japan, it utilized a licensing agreement. This allowed Starbucks to grant its partner the right to use its brand, trademarks, recipes, and operating procedures in exchange for fees or royalties.
A franchise agreement involves a similar concept, but it typically includes more extensive support and control from the franchisor over the franchisee's operations. Export arrangement and turnkey ventures refer to different types of business models or arrangements and are not specifically related to transferring a format or intellectual property.
Wholly owned subsidiary refers to a situation where a company owns 100% of the shares of another company, making it a fully owned subsidiary. This is not the most appropriate choice for describing the transfer of the Starbucks format to its partner in Japan.
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crane corp. changes its inventory method from fifo to the weighted-average method. which items will be affected on the income statement? (select all that apply.)
Answers
Crane Corporation switches from the FIFO approach to the weighted-average method for managing its inventories. The income statement will be impacted by things such as net income, cost of goods sold, and earnings per share.
The main distinction between a weighted average and FIFO is that the weighted average approach utilizes average inventory levels to determine inventory value whereas FIFO uses the first acquired products to determine inventory value.
The FIFO technique is consequently better suited since it does not add the costs of the current period to those of the past period. But when using the weighted average method, costs from both the present and past eras are included. As a result, the suggested pricing is incorrect.
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2. What do you think Alana's goals should be?
Answers
I think Alana's goal should be to create a budget that will make her save enough money to pay for all expenses.
What's plutocrat? Plutocrat is any item or empirical record that's generally accepted as payment for goods and services and prepayment of debts, similar as levies, in a particular country or socio- profitable environment.The primary functions which distinguish plutocrat are as a medium of exchange, a unit of account, a store of value and occasionally, a standard of remitted payment. What's significance of plutocrat? Plutocrat can not buy happiness, but it can buy security and safety for you and your loved bones. Mortal beings need plutocrat to pay for all the effects that make your life possible, similar as sanctum, food, healthcare bills, and a good educationLearn more about money here:
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Which workplaces are typical for someone working in Marketing, Sales, and Service? Select all that apply,
A factories
B offices
C customer's homes
D home offices
E stores
F warehouses
G La vehicles
H research centers
Answers
The workplaces that are typical for someone working in Marketing, Sales, and Service are:
storesfactorieswarehousesWhy do people work in Marketing, Sales, and Service?Majority work in these section to promote product and sales of goods and service.
Hence, the typical workplaces of someone working in Marketing, Sales, and Service includes stores, factories and warehouses.
Therefore, the Option A, E and F is correct.
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Answer:
A. Factories
E. Stores
F. Warehouses
Explanation:
A contract is unenforceable if the terms of the contract call for an action that is against the law. True False
Answers
the answer to your question is true
Which question should be answered by a business plan
Answers
A business plan should answer several key questions related to the creation and operation of a business.
Some of the most important questions that a business plan should address:What is the purpose and mission of the business?
Who is the target market for the business and how will it be reached?
What products or services will be offered by the business?
What are the unique features or competitive advantages of the business?
How will the business be structured and managed?
What are the financial projections and funding requirements for the business?
What are the risks and challenges that the business may face, and how will they be addressed?
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Cisco is a 16-year-old with a part-time job. He makes $100 per week and spends $50 on car insurance each week. This is his only income and his only expense. Which type of budget would be easiest for Cisco?
A. a software-based budget
B. a mental budget
C. a physical budget
D. a written budget
Answers
Hi!
I think a mental budget would be best. If he only gets $100 a week and spends $50 of that on car insurance, he could simply remember that he makes a profit of $50 a week. It's not complex so a mental budget would be best.
Hope this helps :D
(Table: Cherry Farm) Use Table: Cherry Farm. If Hank and Helen have one of 100 farms in the perfectly competitive cherry industry and if the price is $5, in the short run the industry will supply _____ pounds.
Answers
Answer:
500
Explanation:
please find attached the table referred to in this question and a second table where marginal cost is included
A perfect competition is characterised by many buyers and sellers of homogeneous goods and services. Market prices are set by the forces of demand and supply.
in a perfect competition, price = marginal cost = marginal revenue
Marginal cost = total cost 2 - total cost 1
e.g. marginal cost at 2 units of output = $7 - $2 = $5
Hank and Helen would supply at the point where marginal cost is equal to $5.
looking at the second attached table, there are two points where marginal cost is equal to $5. at output 1 and output 5.
at output one, Hank and Helen would be earning a loss because total cost is greater than total revenue. so they would not supply at this point.
at output five, Hank and Helen would earn a profit and thus would supply at 5 units of output.
Since all firms face and identical cost structure, the industry supply would be 100 x 5 = 500 pounds
What is most likely to cause a rise in expenditure in an economy?
a. A rise in consumer confidence
b. A rise in income tax
c. A reduction in wealth
d. A more uneven distribution of income.
Answers
Answer:
B
Explanation:
because b i think gimme vbucks
Your store sales average $162,000 per month. Your triple net lease has the following monthly terms: rent is 3% of sales, insurance is $210, maintenance is $100, utilities total $425, and taxes are $90. You expect next year's sales to increase 7%, but your lease terms will remain the same. Calculate next year's ANNUAL lease payment. Round your answer to the nearest dollar.
Answers
Answer:
=$72, 302
Explanation:
The tenant agrees to pay all real estate taxes, building insurance, and maintenance (the three "nets") plus the normal monthly rent in a triple net lease agreement.
Rent is 3% of sales. Sales will grow by 7%.
Current sales are equivalent to 100%; increased sales will be 100% + 7% = 107%
This year's monthly sales are 162,000: next year's monthly sales will be 107% of $162,000
=107/100 x $162,000
=1.07 x $162,000
=$173,340
Monthly sales will be $173,340. Monthly rent is 3% of sales
=3/100 x $173,340
=$5,200.2
The monthly lease will be monthly rent, plus insurance plus maintenance plus, utilities total plus taxes
= $5,200.2 + $210 + $100 + $425 + $90.
=$6,025.2
monthly lease = $6,025.2
Annual lease =$6,025.2 x 12
=$72,302.40
=$72, 302
Answer: 72,302
Explanation:
what is one simplification that has occurred with business 2.0?
Answers
Business 2.0 refers to the evolution of businesses and their operations in the digital age. One significant simplification that has occurred with Business 2.0 is the automation of processes.
With the development of various technologies and software, businesses can automate tasks that were previously done manually. This has led to increased efficiency, reduced errors, and cost savings. For example, businesses can automate customer service using chatbots, freeing up employees to focus on more complex tasks. They can also automate inventory management, which reduces the likelihood of stockouts and overstocking. This streamlines operations reduces costs, and improves the bottom line. Another simplification that has occurred with Business 2.0 is the use of cloud computing. Businesses can now store their data on remote servers and access it from anywhere in the world. This eliminates the need for expensive physical servers, IT infrastructure, and on-site data centers.
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What is required in order to make a good career decision
Answers
Answer:
You need to follow curtain decision making chart that requires you to ask and answer questions about the decisions made in picking and making a good career! Best of luck !
the most common source of business system failure is:
Answers
The most common source of business system failure is poor project management. Inadequate planning, lack of clear goals, ineffective communication, and insufficient resource allocation often lead to project delays, cost overruns, and ultimately system failure.
Without a strong project management approach, organizations struggle to navigate complex implementations, handle changing requirements, and ensure proper coordination among stakeholders. Effective project management practices, including robust planning, risk assessment, and stakeholder engagement, are crucial for minimizing the risk of business system failure.
Business system failures can be attributed to poor project management practices. Inadequate planning is a common culprit, where projects lack clear objectives, timelines, and strategies for implementation. Insufficient resource allocation, such as not assigning enough skilled personnel or budget, can hinder progress and result in system failures. Ineffective communication among team members and stakeholders can lead to misunderstandings, delays, and errors that jeopardize the project's success. Additionally, changing requirements and scope creep, without proper management and control, can cause projects to spiral out of control. Successful project management entails thorough planning, proactive risk assessment, open communication, and diligent coordination to mitigate the risk of failure.
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What are the sales dollars required to attain a target profit of $120,000?.
Answers
The sales dollars required to attain a target profit of $120,000 is $400,000.
What are profits?The profits are the financial gains earned by a business or organization after all expenses and costs are deducted from the revenue generated from its operations.
The profits are what is left over when a business subtracts all of its costs, including the cost of goods sold, operating expenses, taxes, and other expenses, from its total revenue.
A business that earns high profits is generally seen as successful, while a business that consistently incurs losses is considered to be struggling. It is a key measure of a company's financial performance and are an important indicator of its ability to generate income.
For attaining a target profit of $120,000, the sales dollars required is $400,000.
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Privott, Inc., manufactures and sells two products: Product Z9 and Product N0. The company is considering adopting an activity-based costing system with the following activity cost pools, activity measures, and expected activity:
Estimated Expected Activity
Activity Cost Pools Activity Measures Overhead Cost Product Z9 Product N0 Total
Labor-related DLHs $ 337,018 7,700 4,300 12,000
Product testing tests 52,247 1,050 1,150 2,200
Order size MHs 477,608 5,300 5,600 10,900
$ 866,873
The activity rate for the Labor-Related activity cost pool under activity-based costing is closest to:
A. $45.43 per DLH
B. $394.03 per DLH
C. $49.76 per DLH
D. $28.08 per DLH
Answers
Answer:
Option D is correct
Activity rate for the Labor-Related activity cost pool= $28.08 per DLH
Explanation:
Activity-based costing is a form of absorption costing where overheads are charged to product using cost drivers.
Under this method, overheads are first analyzed and categorized by the activities responsible for them and then charged to product based on the amount of benefits enjoyed using cost drivers.
Activity rate per driver is calculated as:
Activity overhead for the period / Total cost drivers for the period
Activity rate for the Labor-Related activity cost pool
= Labour related overheads/Total labour hours
= $ 337,018 /12,000 labour hours
= $28.08 per Direct labour hour
Activity rate for the Labor-Related activity cost pool= $28.08 per DLH
In a hypothetical country, Nominal GDP has increased by 5%. Which of the
following must be true? (1 point)
Prices have increased.
Either price, economic output, or both has increased.
The quantity of economic output has decreased.
The quantity of economic output has increased.
Answers
As a result of an increase in nominal GDP, we can infer that Either price, economic output, or both has increased.
Nominal GDP can increase when:
An increase in price makes the final price of goods and services more than it was before An increase in economic output means that more goods and services are being produced that increase GDPThere is also the chance that both of these could happen at the same time. This would increase the Nominal GDP by a higher rate.
In conclusion, a rise of nominal GDP could come from either or both of those factors.
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