Answer:
Quantity Demanded is a shift up/down a demand curve
Increase in Demand is a shift in the curve itself.
Explanation:
There will be an increase in Quantity Demanded when price goes down. There is a Quantity Demand change when there is a price change. (QD goes up when Price goes down, QD goes down when price goes up)
An increase in demand is when one of the shifters of demand change. So for example, if number of consumers (one of the shifters) increase, the demand curve increases, and shifts right, meaning more quantity at each pricepoint.
Answer: false
Most businesses remove or write off bad accounts but not periodically. By periodically means, it occurs at regular times which bad accounts are not. Accounts are considered bad accounts if they remained uncollectible after many months.
The entry to write off consists of 1) a credit to Accounts Receivable to remove it, and 2) a debit to Bad Debts Expense to report it.
When both parties are expecting to gain from a transaction, they are conducting a Voluntary trade. In a Voluntary trade, both the sell and buyers involved in the transaction based on their own free will and expecting to gain a profit from the trade
Answer:
The correct answer is option D.
Explanation:
NDP or net domestic product is calculated by deducting depreciation from GDP or gross domestic product.
Gross domestic product is the measure of final goods and services produced in an economy in a given time period, generally a year.
Gross domestic product will be the sum of consumption, investment, government expenditure and net exports.
NDP
=GDP-Depreciation
=$(16-1)
=$15 trillion
So, NDP is $15 trillion.
Answer:
The interest rate is 5.2%
Explanation:
A = Pe^rt
A = $1240
P = $600
t = 14 years
1240 = 600e^14r
e^14r = 1240/600 = 2.067
e^14r = 2.067
14r = ln 2.067
14r = 0.726
r = 0.726/14 = 0.052 = 5.2%
