You need to provide figures for an answer to be calculated.
Answer: b
Under the accrual basis of accounting, expenses are matched with the revenues related to it and/or are reported when the expense occurs, and not just when the cash is paid. The company should record its earned revenue when services are rendered. Payment may come at a later date.
Answer:
C
Explanation:
Price and quantity variances move in the same direction. If one is favorable, the others will be as well. This is because there is a direct relationship between price and quantity. If one is favourable the other is likely to be favourable and if one is adverse the other is likely to be adverse.
Answer:
D. $157 billion
Explanation:
Here is the correct question: In preparing their estimates of the stimulus package's effect on GDP, Obama administration economists estimated a government purchases multiplier of 1.57. This indicates that a $1 billion increase in government purchases would increase equilibrium real GDP by.
Given: Govemment purchase multiplier= 1.57
Amount of increase in government purchase= $1 billion.
Now, finding the change in real GDP.
Formula; Change in real GDP= 
Change in real GDP= 
⇒ Change in real GDP= 
∴ Change in real GDP= 
Hence, Governement purchase of $1 billion would increase equilibrium real GDP by $1.57 billion.
Answer:
Inflation.
Explanation:
Inflation is a quantitative proportion of the rate at which the normal cost level of a crate of chosen merchandise and enterprises in an economy increments over some time-frame. It is the ascent in the general degree of costs where a unit of money successfully purchases short of what it did in earlier periods. Regularly communicated as a rate, inflation in this way shows a decline in the buying intensity of a country's money. Inflation can be diverged from emptying, which happens when costs rather decrease. As costs rise, a solitary unit of money loses an incentive as it purchases less merchandise and enterprises. This loss of buying power impacts the general average cost for basic items for the normal open which at last prompts a deceleration in financial development. The accord see among financial specialists is that continued inflation happens when a country's cash supply development outpaces monetary development.
