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2 years ago

Whenever real GDPLOADING... declines, nominal GDPLOADING... must also decline."

Business

1 answer:

Alex_Xolod [135]2 years ago

8 0

Answer:

The correct answer is option B.

Explanation:

Real GDP is the inflation-adjusted measure of economic growth. It measures the change in output level at a constant price. It measures changes in economic output.

Nominal GDP measures change in output level based on current prices. It is not an inflation-adjusted measure of economic growth.

Real GDP changes with a change in output level. While nominal GDP can change with change in either output level or price. So it is not necessary that a decline in real GDP is accompanied by a decline in nominal GDP.

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Last year, Mountain Top, Inc., purchased a coal mine at a cost of $900,000. The salvage value has been estimated at $100,000. Th

melisa1 [442]

Answer:

The Journal entry is as follows:

Depletion expense - Coal Deposit A/c Dr. $280,000

To Accumulated depletion -Coal Deposit $280,000

(To record the depletion expense for the current year)

Workings:

Depletion per ton = (cost - Salvage) ÷ Total units of production

= ($900,000 - $100,000) ÷ 200,000

= $4 per ton

Depletion expense = Tonnage tons mined current year × Depletion per ton

= 70,000 tons × $4

= $280,000

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2 years ago

An economy produces only apples and oranges. The base year is 2012, and the table gives the quantities produced and the prices

Mashutka [201]

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1 year ago

When teaching new vocabulary, how many times should you encourage the student to repeat the word back to you?

hram777 [196]

Answer: Repeat little and often. It's alarming how quickly students can forget vocabulary. Encouraging students to focus on new vocabulary daily is the best way to make it stick. It doesn't have to involve sitting down for hours; little and often will help get vocabulary into students long term memory.

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2 years ago

The following proceeds received by Grove City in year 1 are legally restricted to expenditure for specified purposes: Donation b

tatiyna

Answer:

The $1,200,000 should be accounted for in Grove’s special revenue funds

Explanation:

Special revenue fund: The special revenue fund is a fund that is introduced by the government to collect the money from the public. It is made to fulfill the need for specific purposes/ projects.

The computation of special revenue funds is shown below:

= Income received for providing the meals to the needy people + financing of sales tax with respect to tourist facilities maintenance in the shopping district

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2 years ago

Jobs, Inc. has recently started the manufacture of Tri-Robo, a three-wheeled robot that can scan a home for fires and gas leaks

Tems11 [23]

Answer:

case 1: when $405,000 fixed overhead cost can be avoided

make buy net income

direct material

994700 0 994700

direct labor 832300 0 832300

variable overhead 101500 0 101500

fixed overhead 600000 195000 405000

purchase price 0 2314200 (2314200)

total 2528500 2509200 19300

YES,jobs should accept the offer because it results in saving of $19300

CASE 2: when no fixed overhead can be avoided

make buy net income

direct material 994700 0 994700

direct labour 832300 0 832300

variable overhead 101500 0 101500

fixed overhead 600000 600000 0

opportunity cost 375000 0 375000

purchase price 0 2314200 (2314200)

total cost 2903500 2914200 (10700)

NO, jobs shold not accept the offer because it results in loss of $10700

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2 years ago

Whenever real GDPLOADING... ​declines, nominal GDPLOADING... must also​ decline."

Whenever real GDPLOADING... declines, nominal GDPLOADING... must also decline."