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fiasKO [112]
3 years ago
5

Changes in nominal GDP over time ... Select one: a. ... reflect changes in the quantity of goods and services produced, their pr

ices, or both. b. ... are not affected by inflation. c. ... indicate the the economy is in a recession. d. ... reflect changes in the quantities of good and services produced only.
Business
1 answer:
777dan777 [17]3 years ago
7 0

Answer:

A. reflect changes in the quantity of goods and services produced, their prices, or both

Explanation:

Changes in nominal GDP reflect both changes in quantities and changes in prices.  

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The role of three question of economics is to act as the basic principle of production decision making. "What to produce", "How to produce", and "For whom it should be produced" are the three basic questions of economics. We have to consider the type of product, the method of producing it, and the consumer when making a production decision<span>.</span>
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3 years ago
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Suppose the cross-elasticity of demand for products A and B is 3.6, and for products C and D is -5.4. What can you conclude abou
nikitadnepr [17]

Answer:

A and B are substitutes

Explanation:

Cross price elasticity of demand measures the responsiveness of quantity demanded of good A to changes in price of good B.

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2 years ago
Financial goals are helpful because they?
kvasek [131]
I think the answer to this is A.
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5 0
3 years ago
I’ll mark the best one with 20 points !
bonufazy [111]

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Explanation:

5 0
2 years ago
A company calculated the predetermined overhead based on an estimated overhead of $70,000, and the activity for the cost driver
Ivenika [448]

Answer:

$68,600

Explanation:

Activity Based Overhead Rates = Estimated Overhead / Expected Use of Cost Drivers per Activity (Hours)

Activity Based Overhead Rates = $70,000 / 2,500

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Overhead Assigned = Overhead Rate * Hours Utilized

Product A Overhead Assigned = $28 * 1,350 hours

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Product B Overhead Assigned = $28 * 1,100 hours

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Total Overhead Assigned = $37,800 + $30,800

Total Overhead Assigned = $68,600

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3 years ago
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