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astraxan [27]
3 years ago
15

Why are both life expectancy and quality of life used to evaluate overall health?

Business
1 answer:
OlgaM077 [116]3 years ago
6 0
The complete health of a person is a good forecaster of his or her life expectancy. If a person's quality of life is higher than his/her life expectancy is higher which makes him or her live longer. Also, if a person's overall health is good than the life expectancy is higher which also makes him or her live longer. Consequently, both life expectancy and quality of life are valid indicators of overall health. 
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A company can choose to use FIFO inventory costing methods for the financial statement and can elect to use either LIFO or FIFO
Oduvanchick [21]

Answer:

A. True.

Explanation:

Companies can and often do use different costing methods for financial reporting and tax reporting. The only exception is when LIFO is used for tax reporting; in this case the IRS requires that it also be used in financial statements.

LIFO assigns the highest amount to cost of goods sold - yielding the lowest gross profits and net income , which also yields a temporary tax advantage by postponing payment of some income tax.

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3 years ago
A marketing ___________ is the blending of four marketing elements product, distribution, price, and promotion.
Arturiano [62]
A market mix is the blending of four marketing elements product, distribution price and promotion
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Which of the following explains why the aggregate demand curve is downward sloping?a. The interest rate effectb. The real balanc
pishuonlain [190]

<u>Answer: </u>

The interest rate effect explains why the aggregate demand curve is downward sloping.

<u>Explanation: </u>

  • The interest rate effect proposed by Keynes suggests the reasons for why is the aggregate demand curve downward sloping.
  • It states that, when the interest rates are low, people choose to invest owing to the decreased costs of investment. This investment stimulates a drop in the levels of price.
  • The dropped prices thus increase the aggregate demand for the commodities of which the price has dropped.
7 0
3 years ago
Suppose the larger firm of a duopoly has sales of $900 million and the smaller firm has sales of $100 million. The market share
astra-53 [7]

Answer:

The correct answer is 90%

8 0
2 years ago
Abby consumes only apples. In year1, red apples cost $1 each, green apples cost $2 each, and Abby buys 10 red apples. In year 2,
Hitman42 [59]

Answer:

Part A)  

Consumer price index is an amount of the average variation over time in the amounts paid by customers for a market basket of customer goods and services.

CPI= (Updated Cost/Base Period Cost) x 100

For multiple products, we have to ruminate the weights or proportion of expenditure of an item

CPI2= (P2Red xQ1Red) + (P2grn x Q1grn) / (P1Red xQ1Red) + (P1grn x Q1grn)

CPI2= (2 x 10) + (1x0)/ (1x10) + (2x0)

CPI2= 2

Based on the CPI in year 2, prices have doubled.

Part B)

Nominal expenditure is the total worth of outcome produced or expended in each year.

In year 1 and year 2, Abby buys

Year 1= $1 x 10= $10

Year 2= $1 x 10= $10

So, nominal expenditure remains constant at $10.

Part C)

Real expenditure is the quantity consumed or the basket in the current year calculated at the base year price.

Base year prices: Red $1& Green $2

Real expenditure in year 1  = (P1rQ1r) + (P1gQ1g)

                                               =$1x10 + X2x0

                                               = $10

Real expenditure in year 2  = (P1rQ2r) + (P1gQ2g)

                                       = (1x 0) + (2 x 10)

                                       = $20

So, real expenditure has increased from $10 to $20

Part D).

Implicit value deflator in year 1, it is the base year so it will be continuously 1 as the actual and nominal amounts are equal.

Implicit price deflator in year  = nominal expenditure/real expenditure

Implicit price deflator in year 1 = 10/10

                                                = 1

Implicit price deflator in year2  = 10/20

                                                = 0.5

Thus, the implicit value deflator proposes that prices have dropped by half. The cause for this is that the deflator evaluations how much Abby standards her appeals using prices dominant in year 1.

We can perceive from this perception that the green apples are appreciated more .And when Abby consumes more green apples in year 2, it appears that her consumption has augmented as the price deflator standards green apples more than the red apples.

Part E)

Abby considers that red apples and green apples as perfect alternatives, then the cost of living in this budget has not changed in both year it costs $10 to eat 10 apples.

Permitting to the CPl, however, the cost of living has gathered. This is because it only takes into justification the detail that the red apple price has gathered; the CPl overlooks the fall in the price of green apples as they were not in the consumption package in year 1.

In difference to the CPI, the implicit value deflator approximations the cost of living has shared.

CPI is calculated based on the Laspreyers Index method, where the amount in the numerator is the amount in the base year. Where as in the Passche price index, the numerator is the Recent price calculated for current capacity of consumption.

The Laspeyres index inclines to exaggerate rise (in a cost of living framework), while the Paasche index tends to understate it, because the indices do not account for the fact that consumers typically react to value variations by changing the amounts that they buy. For example, if prices go up for good X then, at ceteris paribus, amounts of that good should go downcast.

7 0
3 years ago
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