Answer: The amount of people live in the countries are different.
Explanation:
It is common for a country to use GDP as economic prosperity or living standards. When comparing the GDP of different countries for this purpose, two problems arise immediately.
1) The GDP of a country is measured in its own currency, for example, the US uses one US dollar; Most Western Europe countries use euros. Therefore, comparing GDP between the two countries requires its conversion into a common currency. However, currencies have already been changed (the Burundian franc was replaced by the US Dollar).
2) The countries have a very large number of people. For example, there are more than 250 million people in the United States and 12 million people in Burundi, so that will cause problems.
The problem is, while the exchange of currencies and comparisons is a good thing, we need to make sure we have a good comparison of demographic data and the number of people, so that we can analyze the GDP differences between these countries.
The answer is diffusion of innovation. This type of theory
or process has the aim of having to influence other people in regards with the
ideas that they have formulated in which are new. These ideas are being spread
out with the use of innovations.
Accounting cycle has various steps to discuss, which are listed below,
Explanation:
- The first step in accounting cycle is to analyze and have a record of transactions.
- Post closing trial balance is an optional step in the accounting cycle.
- Journalizing and posting the closing entries are the steps required to complete throughout the accounting period.
- Adjustments of accounts, preparing the financial statements and closing accounts are completed at the end of accounting cycle period.
- The last step in the accounting cycle is to post closing trial balance.
Yes this statement is true.
Explanation:
The sale of banana will add the twice contribution in the GDP as because the price is double and the sell of every single unit in the market in comparison of apple is able to add more currency in the economy than a sell of every single unit of apple.
The higher price may affect the sale as people will move to the other alternative but how much sell of banana will take place will able to add more money in the market as compared to apple.
