Answer:
B) 1.7
Explanation:
GDP deflator simply shows the occurring event of the level of prices in the economy which is why It is often the ratio of nominal GDP to real GDP.
GDP deflator in 2009 will be:
Norminal GDP
Cost of apple= $1 in 2009
Apple produced =5 in 2009
Cost of oranges= $1.50 in 2009.
Orange produce= 5 in 2009
$1.00*(5)+$1.50*(5)
=5+7.5
=$12.50
Real GDP
Cost of apple= $0.50 in 2002
Apple produced =5 in 2002
Cost of oranges= $1 in 2002
Orange produce= 5 in 2002
0.50*(5)+$1.00*(5)
=2.5+5
=$7.50
GDP deflator = Nominal GDP/Real GDP)
=$12.50/$7.50
=1.666
approximately 1.7
Answer: The World Bank aims to improve living standards
Explanation:
According to this excerpt, one major way that the World Bank differs from a regular bank is that The World Bank aims to improve living standards.
Unlike the other banks such as commercial banks that give out loans or help customers keep valuables, the World Bank is a source of financial and technical assistance to developing countries around the world. They seek to improve the living standards of the people and bring about economic growth.
Answer:
Marketing and sales strategy
Explanation:
Answer:
Ending inventory= $19,580
Explanation:
<u>The variable costing method incorporates all variable production costs (direct material, direct labor, and variable overhead).</u>
We need to calculate the total unitary variable cost:
Total unitary variable cost= 13.4 + 4.4
Total unitary variable cost= $17.8
<u>Now, the cost of ending inventory:</u>
Ending inventory= 1,100*17.8
Ending inventory= $19,580
Answer:
cash 60,000 debit
note payable 60,000 credit
--to record issuance--
interest expense 1,000 debit
Amortizacion Land 34,000 debi
---to reocrd sale of receiptst
Explanation:
Interest payment:
principal x rate x time (being time and rate expressed in protion of a year
60,000 x 0.05 x 120/360 = 1,000