Answer:
Part 1: The correct option is False.
Part 2: The correct option is False.
Explanation:
<em>For the first Question</em>
The correct answer is False as GDP has increased due to women participation in workforce.
<em>For the second Question</em>
The correct answer is False as the change in measure of well being is less than the change in GDP.
Answer:
The survey conducted by the Bureau of Labor Statistics today will count Bonnie as not in the labor force .
Explanation:
" not in the labor force " -
The people who are not employed and even are not unemployed are called the " not in the labor force " .
The people who are present in this category are the -
- The people taking care of children ,
- people who are not working but searching for job ,
All of them fall in this category .
Hence , according to the survey , Bonnie is under the category of " not in the labor force " .
<h2>Before you buy a car you need to know your need and your <u>budget</u></h2>
Explanation:
There are many things associated with the car:
1. Test drive: You can do a test drive check whether the car suits your style and it is driver-friendly and also whether it is worth for the money
2. Check for credit score: You can check your credit score to save your money though not huge but a little
3. Compare prices: Compare the prices of the car with other shops and choose the best one.
4. Do a review of repair records: It is better to check the review so that we can assess the life time of the car and in tandem with the amount of the car.
Last but not the least, you must understand your need and the budget because these are two essential things which comes in front of you when you think about buying a car.
Answer:
the long-run framework directs one to avoid deficits; in the short-run framework deficits are useful if the economy is significantly below potential.
Explanation:
"Budget deficits should be avoided, even if the economy is below potential, because they reduce saving and lead to lower growth." This policy directive follow the long-run framework directs one to avoid deficits; in the short-run framework deficits are useful if the economy is significantly below potential.
<u>The reason is that in the short-run, deficits offer economic solutions by being an antidote to recessions, hence they could be a strategy of recession management in the short run</u>
<u>However in the long-run, deficits are not advisable as they could lead to debts because the major way to manage such deficits is by external borrowings. </u>
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Answer:
<u>Ensure accurate reliable accounting records</u>
Explanation:
Internal controls refer to those processes and procedures employed by the management of an entity so as to ensure efficient operations and to keep a check on frauds and compliance with better reporting requirements.
For example, biometric system of recording employee attendance which keeps a check as in who is actually on payroll and elimination of any dummy entries from the records.
The purpose of internal control is to safeguard assets, ensure that employees adhere by company policies, compliance with the law, promote operational efficiency and ensure reliable financial reporting without misrepresentation of facts.
