Answer: 0
Explanation:
Firstly, we will calculate the nominal value in 2015 which will be:
= $500 x 1 million
= $500 million
The nominal value in 2016 will be:
= $1000 x 1 million
= $1 billion
Real GDP will be the price of the base year multiplied by the quantity of the current year which will be:
= $500 million x 1 million sets
= $500 million
Therefore, the increase in real GDP is zero.
Answer:
c. He was a member of the French Parliament using satire to illustrate the foolishness of the arguments used by the proponents of trade restrictions.
Explanation:
Frédéric Bastiat was an economist, journalist and member of the French parliament in the wing of economic liberalism. Regarding his economic thinking, Bastiat had a strong inclination or liberalism and consumer protection against any kind of corporate authority. For him, the government was responsible for guaranteeing the lives of citizens, individual and commercial freedom and protection of property. Regarding commercial freedom, he presented himself against commercial restrictions, he thought this was a step backwards and satirized those who defended it, as you can see in the question above.
Answer:
Yes, accounting conservatism is appropriate because it makes firms more cautious when registering and reporting financial information. This increased cautiousness is likely to make accounting information more accurate.
Under the principle of accounting conservatism, losses are registered when they are found to be probable, while earnings are only added when they have been fully realized. As a result, this principle results in prudent and more trustworthy financial information for all stakeholders.
Answer:
Investment balance= $1,028
Explanation:
Giving the following information:
You plan to deposit $ 700 in a bank account now and $ 300 at the end of the year.
Interest rate= 4%
To determine the balance after the second deposit, we need to use the following formula for the first deposit and add the second one:
FV= PV*(1+i)^n
FV= 700*1.04= $728
Investment balance= 728 + 300= $1,028
Answer:
a. scientific management
Explanation:
Scientific management -
Scientific management is also refers to as Taylorism .
According to this management practice , the work is analysed and synthesized in an appropriate manner and fashion , is referred to as scientific management.
The scientific experiments are conducted with proper procedure and management.
Hence , from the given information of the question,
The correct term is a. scientific management .