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Ksenya-84 [330]
3 years ago
14

Suppose the total market value of all the final goods and services produced in the country of Rushya was $8 billion in 2008 (mea

sured in 2008 prices) and $9 billion in 2009 (measured in 2009 prices). Which of the following statements is definitely correct?
1. Production increased in Rushya between 2008 and 2009.
2. Real GDP increased in Rushya between 2008 and 2009.
3. Average price levels increased in Rushya between 2008 and 2009.
4. Whether real GDP increased cannot be determined with the information given.
Business
1 answer:
Advocard [28]3 years ago
3 0

Answer:

Option 4 is definitely correct: Whether real GDP increased cannot be determined with the information given.

Explanation:

The information that is given only states that there has been an increase in the market value of final goods and services in two years. So, we cannot conclude that production increased in Rushya or average price levels increased there as per Option A and C respectively, because market value can be increased by both increase in production or price levels. Even Option B cannot be concluded as the real GDP is dependent on other variables as compared to the total market value.

Thus, only appropriate statement is option D: we cannot determine increase in real GDP with the given information.

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Prepare the journal entry to record the accrual of interest and the premium amortization on December 31, 2022. (Credit account t
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The journal entry to record the accrual of interest includes:

  • Dr. Interest Expense $5,000
  • Cr. Interest Payable $5,000

<h3>What is an accrual of interest?</h3>

This mean the interest which has been incurred for specific date on a loan but has not yet been paid out.

Here, the Accrued interest expense on 12/31/15 is paid on 1/1/16.

Based on the calculation, the  journal entry to record the accrual of interest includes a Debit to Interest Expense for $5,000 and a Credit to Interest Payable for $5,000.

Missing words "On January 1, 2015, Candlestick, Inc. issues $100,000, five-year, 10% bonds at 100 (100% of face value). Assume that interest is payable semiannually on January 1 and July 1."

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8 0
2 years ago
A decrease in input costs to firms in a market will result in a(n) _________________
shtirl [24]

Answer:

a) decrease in equilibrium price and an increase in equilibrium quantity.

Explanation:

As the input cost decreases for the companies the the supply of the goods increases hence the supply curve shifts rightwards.In the curve at the new equilibrium point the equilibrium price decreases and the equilibrium quantity increases.

Think it like if cost of creating anything is decreased for a company then the company will create more products .So there will be more products in the market.So to clear the products in the market the price will be reduced and the quantity of the product is more than before.

6 0
3 years ago
After a recession when the economy starts to expand again, firms tend to?
labwork [276]

After a recession when the economy starts to expand again, firms tend to increase share repurchases faster than they increase dividends.

An economy is the area of ​​production, distribution, trade and consumption of goods and services. Generally, it is defined as a social domain emphasizing practices, discourses, and material expressions related to the production, use, and management of scarce resources.

Economy is defined as the management of community, business, or family financial matters. An example in economics is the US stock market system.

The economy is the system in which goods are produced and exchanged. Without a viable economy, the nation will collapse. There are three main types of economy: free market, command economy and mixed economy.

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6 0
2 years ago
At a restaurant the cost for a breakfast taco and a small glass of milk is $2.10. The cost for 2 tacos and 3 small glasses of mi
aliya0001 [1]

Answer:

m=$0.95

t=$1.15

Explanation:

Let m=cost of milk

t=cost of taco

t+m=$2.10 (1)

2t+3m=$5.15 (2)

From (1)

t=$2.10-m

Sub into (2)

2($2.10-m)+3m=$5.15

$4.2-2m+3m=$5.15

$4.2+m=5.15

m=$5.15-$4.2

m=$0.95

Sub value of m into (1)

t+m=$2.10

t+$0.95=$2.10

t=$2.10-0.95

t=$1.15

4 0
3 years ago
To better facilitate an understanding of layout​ issues, Arnold Palmer Hospital studies using A. queuing theory. B. transportati
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To better facilitate an understanding of layout​ issues, Arnold Palmer Hospital studies using (A) queuing theory.

Explanation:

Queuing theory also known as the  "queuing theory" it is used to  examine the various  component in waiting line that needs to be served.

The queuing theory refers to the various component like the arrival process,the service process,number of computerized system, number of servers used and the number of people  in queue (i.e customers)

The various  applications of the queuing theory include -traffic management,(vehicles management, two or four wheeler), scheduling patients in government hospitals, jobs that are done on machines, computer programs), and facility designs of  supermarkets.

Thus,In a hospital settings the layout issues can be dealt by understanding the queuing theory.

3 0
3 years ago
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