Answer:CPI, GDP Deflator
Explanation:CPI(consumer price index) is a macroeconomic measure used to determine the level of inflation in countries like the United States of America.
GDP Deflator is also a macroeconomic measure that measures the price level of all the new products produced domestically within a country in a specified year or period.
Both GDP DEFLATOR AND CPI ARE VERY USEFUL IN DETERMINING THE PERFORMANCE OF AN ECONOMY AS GDP DEFLATOR MEASURES DEFLATION,CPI MEASURES PRICE INFLATION IN A SPECIFIC OR BASE YEAR UNDER REVIEW.
knowing how to work with heavy machinery
Answer:
join a professional association
Explanation:
To be successful, an entrepreneur must be willing to invest money, considerable effort, and
<u> "time".</u>
An entrepreneur is a person who, as opposed to functioning as a worker, establishes and maintains a private company, expecting every one of the dangers and prizes of the endeavor. The business visionary is generally observed as a pioneer, a wellspring of new thoughts, merchandise, administrations and business/or techniques.
Entrepreneurs assume a key role in any economy. These are the general population who have the right stuff and activity important to foresee present and future needs and put up great new thoughts for sale to the public.
<u>Calculation of firm's times interest earned ratio:</u>
The times interest earned ratio can be calculated with the help of following formula:
Times interest earned ratio = Income before Interest and Tax / Interest Expense
Interest expense is given $898, and Income before Interest and Tax can be calculated as follows:
Net Income $4,238
Add: Tax (4238*35/65) $2,282
Income before tax =$6520
Add: Interest Expense $898
Income before Interest and Tax = $7,418
Hence, Times interest earned ratio = 7418 /898 = <u>8.26 times</u>
