Answer:
The correct answer is A. increased.
Explanation:
The equilibrium salary is the point of intersection between the labor supply curve and the labor demand.
At Wo, the number of hours offered by job offers is exactly equal to the number of hours companies wish to use. The Wo salary and the level of employment Qo is the only continuation of salary and employment with which the market empties.
If the salary were Wes there would be an excess supply or surplus of work which would lower the salary the salary to Wo: if the salary were Wed there would be an excess or shortage of demand and the salary would be raised to Wo, this means that having excess companies need to hire workers originating a salary increase to Wo. The inverse would be the point where the surplus of job supply causes wages to fall Wo.
Answer:
Option A Nominal GDP for a given year is measured in dollars of that year, whereas real GDP is measured in dollars of some based year
Explanation:
The reason is that the nominal GDP includes the affects of inflation of the year whereas Real GDP is inflation excluded amount which means its tells GDP in terms of base year prices. The difference between the nominal GDP and the real GDP is because of inflation which is the only additional thing in the nominal GDP. So the best answer here which gives this explanation is option A.
Answer:
The answer is B.
Explanation:
Some business transactions are so huge or large to the extent that there might be omission or error in recording transactions when they occur.
Adjusting entries are done to update entries for previously unrecorded expenses or revenues. They are usually done at the end of the months.
Since accrual methods are the most preferred, they are done to make Financial statement achieve the objective of 'completeness'
Answer: Straight line method of depreciation
Explanation: Under the straight line method of depreciation the asset is expensed over its useful life. In this method, depreciation or amortization is calculated by dividing the difference of initial cost and salvage value of the asset from its useful number of years.
This method is not commonly used for assets having longer term period but still some business entities use it as it is easy to calculate.