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scoundrel [369]
3 years ago
13

Real gross domestic product _______.a. is a measure of inflation. b. can change from one year to the next even if there is no ch

ange in output. c. will increase if the price level increases. d. will increase if the level of output increases.
Business
1 answer:
vaieri [72.5K]3 years ago
6 0

Answer:

a. is a measure of inflation

Explanation:

The GDP or gross domestic product is a macroeconomic measure that expresses the monetary value of the production of goods and services of final demand of a country (or a region) during a certain period of time.

It is one of the most widely used macroeconomic measures. It falls within what is called national accounting.

There are two types of GDP:

Nominal GDP: this is the monetary value of all goods and services produced by a country in the year in which the goods themselves are produced. If the nominal GDP is studied over time, in an inflation situation, a substantial increase in this indicator results, resulting in an increase in prices.

Real GDP: is the monetary value of all goods and services produced by a country at constant prices. This indicator is taken from constant prices as the basis for comparisons.

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Explanation:

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6 0
3 years ago
Assume the following: The standard price per pound is $2.00. The standard quantity of pounds allowed per unit of finished goods
adell [148]

Answer:

Direct material price variance= $12,500 unfavorable

Explanation:

Giving the following formula:

The standard price per pound is $2.00.

The actual quantity of materials purchased and used in production is 50,000 pounds.

The actual purchase price per pound of materials was $2.25.

<u>To calculate the direct material price (spending) variance, we need to use the following formula:</u>

Direct material price variance= (standard price - actual price)*actual quantity

Direct material price variance= (2 - 2.25)*50,000

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6 0
3 years ago
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Elan Coil [88]

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8 0
1 year ago
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Answer:

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