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1 year ago

Which factor is not generally viewed by economists as critical to economic growth?

Business

1 answer:

Varvara68 [4.7K]1 year ago

7 0

access to large amounts of natural resources is not generally viewed by economists as critical to economic growth

What factors affect economic growth?

Economists generally agree that economic development and growth are influenced by four factors: human resources, physical capital, natural resources and technology.

What is economic growth ?

Economic growth is defined as: an increase in an economy's production capacity or potential GDP. The rate of economic growth is the key determinant of. changes in a society's standard of living—which is commonly measured using real GDP per capita.

What is economic growth determined by?

Broadly speaking, there are two main sources of economic growth: growth in the size of the workforce and growth in the productivity (output per hour worked) of that workforce. Either can increase the overall size of the economy but only strong productivity growth can increase per capita GDP and income

Learn more about economic growth :

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At December 31, 2020, Wildhorse Company has outstanding three long-term debt issues. The first is a $1,810,000 note payable whic

grandymaker [24]

Answer and Explanation:

The Preparation of note disclosure for the long-term debt is shown below:-

Note disclosure for the long-term debt

At the year end 31, December 2020

Year Amount Working note

2021 0

2022 $2,752,000 From annual sinking fund payment

2023 $4,562,000 ($1,810,000 annual sinking fund payment + $2,752,000 note payable maturity)

2024 $7,582,000 ($4,830,000 annual sinking fund payment + $2,752,000 bond maturity)

2025 $2,752,000 From annual sinking fund payment

4 0

3 years ago

Company Z's CPP has a Products and Completed Operations aggregate limit of $100,000, with a $20,000 limit for each occurrence. F

drek231 [11]

Answer:

65000$ remains available for complete operation losses.

Explanation:

$20,000 of the $25,000 loss is paid by the policy. The $15,000 loss is paid in full. Together these payments reduce the $100,000 aggregate limit to $65,000.

Calculation

100,0000-20,000-15,000 = 65,000 $.

8 0

3 years ago

The consumer price index (CPI) can be used to measure inflation. There are potential problems with this process though that can

DIA [1.3K]

Answer:

a. Overstates Inflation.

In the case of Mary and Bob, the CPI would have already increased but in this case the price of the minivan increased as well. This will overstate inflation because it will not measure the general rise in price alone (inflation), it will also measure the rise in price as a result of the new minivan having better features.

b. Understated Inflation

Donna's case represents an understated inflation because the quantity shrank yet the price stayed the same. This means that the price is now buying less quantity than it used to which is inflation because more dollars are now required to buy the previous amount. This was not however recorded as there was no change in price.

c. Overstates Inflation

In the case of Zach, the inflation will be overstated because Zach is no longer buying bagels and is now buying muffins so continuing to use bagels as a representative good in the basket of goods used to calculate CPI would be overstating it.

d. Accurate representation of Inflation

In Chris's case, the increase in the price of the same shoe over the years has been because of a general rise in prices and not because it is a different model. It is the same shoe and its price is rising generally so this is an accurate depiction of inflation.

6 0

3 years ago

Break-even sales and sales to realize operating income For the current year ended March 31, Cosgrove Company expects fixed costs

Anna11 [10]

Answer:

a. 80,000 units

b. 95,000 units

Explanation:

The computation is shown below:

a.The anticipated break-even sales (units) is

As we know that

Break even point in units = Total fixed cost ÷ Contribution margin per unit

= $27,600,000 ÷ $345

= 80,000 units

Where,

Contribution margin per unit = Selling price per unit - Variable cost per unit

= $1,150 - $805

= $345

b. The units for realize operating income is

Unit sales for target profit = (Fixed expense + Target profit) ÷ Contribution margin per unit

= ($27,600,000 + $5,175,000) ÷ $345

= $32,775,000 ÷ $345

= 95,000 units

3 0

3 years ago

Your firm has net income of $245 on total sales of $1,080. Costs are $610 and depreciation is $120. The tax rate is 30 percent.

RSB [31]

Answer:

the operating cash flow is $365

Explanation:

the computation of the operating cash flow is shown below:

operating cash flow is

= Net income + depreciation expense

= $245 + $120

= $365

hence, the operating cash flow is $365

We simply added the net income and the depreciation expense to determine the operating cash flow

3 0

2 years ago