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8090 [49]
3 years ago
8

Suppose two​ countries, Country A and Country​ B, have a similar real GDP per capita. Country A has an average economic growth r

ate of​ 2% and Country B has an average economic growth rate of​ 3.3%. In the long​ run, what can we predict about living standards in the two​ countries? A. Growth rates are not related to living standards. B. The countries will experience similar increases in their living standards. C. Country​ A's living standards will increase much more rapidly in the long run. D. Country​ B's living standards will increase much more rapidly in the long run.
Business
1 answer:
ozzi3 years ago
7 0

Answer:

D

Explanation:

Many studies have found a positive correlation between economic growth and living standards. This means that empirical works have found that countries with higher economic growth, often have better living standards than the countries with less economic growth. In this case if real GDP per capita of both countries is similar, then they are comparable.

We can deduce that the country B will experience an increase in living standards much more rapidly in the long run because economic growth leads to an increase in profits for firms, there would be a better capital and labor return. This means that firms will pay more for capital and labor, if households are de owners of capital and labor, their rents and wages will increase. The disposable income will increase for households and they will consume more goods and services, then their living standards will increase.

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Jack Hammer Company completed the following transactions. The annual accounting period ends December 31. Apr. 30 Received $816,0
irina [24]

Answer:

Effects on Accounting Equation: Assets = Liabilities + Equity

April 30 - Assets (Cash at bank) are increased and Liabilities (Notes Payable) are increased with $814,000.

June 30 - Assets (Inventory) are increased and Liabilities (Accounts Payable) are increased with $93,000.

July 15 - Assets (Cash) are decreased and Liabilities (Accounts Payable) are decreased with $93,000.

August 31 - Assets (Cash) are increased and Liabilities (Deferred Revenue) are increased by $33,000 for security service received in advance.

Dec 31 - Liabilities (Wages Unpaid) are increased and Equity (Retained Earnings) is decreased by $58,000 for unpaid wages.

Dec 31 - Liabilities (Interests Accrued) are increased and Equity (Retained Earnings) is decreased by $32,640 for accrued interests for 8 months.

Dec 31 - Liabilities (Deferred Revenue) are reduced and Equity (Retained Earnings) is increased by $22,000 for 4/6 months security service revenue received in advance and now adjusted based on the accruals concept.

Explanation:

Effect on Debt-to-Assets Ratio:

a) no change as assets and liabilities are increased by the same amount.

b) no change as assets and liabilities are increased by the same amount.

c) no change as assets and liabilities are decreased by the same amount.

d) no change as assets and liabilities are increased by the same amount.

e) debt-to-asset ratio is increased with unpaid wages.

f) debt-to-asset ratio is increased with accrued interests at 6% of $816,000 x 8/12 = $32,640.  The note was collected on April 30 with 8 months to year-end.

g) debt-to-asset ratio is decreased with the adjustment of security service received for 4 months out of 6 months based on the accruals concept.

4 0
3 years ago
Which decision-making model would you use when your goals are unclear, there is time pressure, and you have experience with the
BartSMP [9]

Answer: Intuitive decision making model.

Explanation:

The intuitive decision making model is used to describe a situation where an individual makes decisions based on instincts when faced with a challenge rather than making use of analytics. For an individual to make use of the intuitive decision making model, he should have had previous experience with the current area of challenge.

8 0
3 years ago
Would anyone like a 5 star rating? you just have to comment and give me a thanks :)
Maslowich
Thanks bae (I’m confused)

8 0
3 years ago
Read 2 more answers
Where must food handlers dispose of waste water?
PolarNik [594]

Answer:

Must be dispose in a sanitary sewer

Explanation:

Can not be in a storm drain or on surface ground

8 0
2 years ago
___________ is the ideology of free-market capitalism emphasizing privatization and unregulated markets.
dexar [7]

Answer: Neoliberalism

Explanation:

 The neoliberalism is the term which is used to refers to the ideology that helps in determining the free marketing capitalism and also deals with the various types of economical ideas.

The main concept of the neoliberalism is that it basically manage the free Enterprise, competition system and also the price mechanisms on the basis of  economical policies.

It also helps in emphasizing the un-regulated the finance market and the privatization. Therefore, Neoliberalism is the correct answer.  

7 0
3 years ago
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