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ivolga24 [154]
3 years ago
5

The U.S. Bureau of Economic Analysis​ (BEA) has recently adopted a new approach to calculate real GDP and real GDP growth to cor

rect the problems of the fixed weights approach. One of the features of the new approach is​ that, now BEA uses
Business
1 answer:
pashok25 [27]3 years ago
3 0

One of the features of the new approach is​ that, now BEA uses the geometric average of fixed weight indexes and uses two base years to calculate the growth rate of real GDP between two consecutive years.

Explanation:

In both actual and nominal GDP, the U.S. Economic Analysis Department results. It estimates the real United States. GDP is a fixed base year annual rate. Imports and international sales from American businesses and people are exempt.

GDP reflects the degree to which the economy generates production. Global warming is not generated and not part of GDP. The effect of environmental damage is not measured accurately. The loss should not be included in GDP and the calculation of environmental damage has not been accepted.

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C. Maryann should specialize in the activity for which she has a comparative advantage.

Explanation: Being able to produce goods by using fewer resources, at a lower opportunity cost is comparative advantage. Maryann should specialize in the activity where she has this.

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Starbucks is owns and operates most of its retail outlets; mcdonalds franchises most of its retail outlets. an advantage of fran
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As of the end of its accounting period, December 31, Year 1, Great Plains Company has assets of $940,000 and liabilities of $300
Anvisha [2.4K]

Answer:

Th answer is: net income for year 2 is $45,000

Explanation:

We must first determine the equity for both years (equity= assets - liabilities)

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  • Equity year 2 = $995,000 - $270,000 = $725,000

Then we calculate the change in equity:

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Finally to determine the net income or year 2 we use the following formula:

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net income (Y2) = $85,000 -$73,000 + $33,000 = $45,000

4 0
3 years ago
An insured pays her Major Medical Insurance premium annually on March 1. Last March she forgot to mail her premium to the compan
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Pay the claim and the accident occurred during the grace period

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May a broker subtract desk expenses from an independent contractor's commission check?
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